New Hope, TN housing market
The typical New Hope home is worth about $236,000, up 5% in a year, 29% below the Tennessee typical home.
Home values, sales, trends and how New Hope compares with the towns next door — updated as new data is published.
New Hope at a glance
Typical home value, 2022–2026
Show as a table
| January | New Hope | Tennessee |
|---|---|---|
| 2023 | $209,000 | $313,000 |
| 2024 | $221,000 | $326,000 |
| 2025 | $226,000 | $334,000 |
| 2026 | $228,000 | $333,000 |
| August 2026 | $236,000 | $334,000 |
5 new homes permitted in 2025
Builders were permitted 5 new homes in New Hope in 2025, all single-family houses. Over the past 10 years, New Hope has permitted 14 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Hope's population fell by 95 and no new homes were permitted. Across Tennessee: 2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $475,000 |
| 2025 | 5 | 5 | 0 | $725,000 |
| 2024 | 4 | 4 | 0 | $742,000 |
| 2023 | 5 | 5 | 0 | $790,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 7 | 7 | 0 | $500,000 |
| 2007 | 8 | 8 | 0 | $1 million |
| 2006 | 6 | 6 | 0 | $496,000 |
| 2005 | 2 | 2 | 0 | $120,000 |
| 2004 | 6 | 6 | 0 | $610,000 |
| 2003 | 8 | 8 | 0 | $580,000 |
| 2002 | 5 | 5 | 0 | $400,000 |
| 2001 | 2 | 2 | 0 | $128,000 |
| 2000 | 2 | 2 | 0 | $128,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,210
HUD's Fair Market Rent for a two-bedroom in New Hope is $1,210 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Hope pay a median of $775, so moving in tends to cost more than staying put.
Studio $1,050 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (37380; Chattanooga, TN-GA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.