HomeAlabamaMadison CountyNew Hope
New Hope, Alabama: commercial real estate data.
New Hope is a Census city of 2,911 people across 8.66 square miles of land, in Madison County. Median household income is $83,816, 81.9 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $200,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New Hope
What New Hope is
- Census place typecity
- Land area8.66 sq mi
- Water area0.06 sq mi
- Population per square mile of land336
- County holding the largest share of its areaMadison County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Hope
How many people live in New Hope
- Population2,911
- Median age34.2
- Population under 181,092 plus or minus 349
- Share under 1837.5 percent plus or minus 12.0
- Population 65 and over291 plus or minus 84
- Share 65 and over10.0 percent plus or minus 2.9
- Households986
- Family households718
- Share of households that are families72.8 percent plus or minus 16.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Hope
Income and work in New Hope
- Median household income$83,816 plus or minus $43,829
- Per capita income$30,104
- Civilian labor force1,364
- Employed1,270
- Unemployed94 plus or minus 74
- Unemployment rate6.9 percent plus or minus 5.4
- Adults 25 and over1,690
- Adults 25 and over with a high school diploma or higher85.8 percent
- Adults 25 and over with a bachelor degree or higher29.3 percent plus or minus 8.0
- Adults 25 and over with a graduate degree3.6 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Hope
Housing in New Hope
- Housing units1,105
- Occupied units986
- Vacant units119 plus or minus 85
- Vacancy rate10.8 percent plus or minus 7.4
- Owner occupied808
- Renter occupied178 plus or minus 114
- Ownership rate81.9 percent plus or minus 18.9
- Median owner-occupied home value$163,700
- Median gross rent, monthly$1,075 plus or minus $498
- Annual rent as a share of median income15.4 percent plus or minus 10.8
- Single family units865 plus or minus 246
- Share single family78.3 percent plus or minus 16.0
- Units in buildings of two or more30 plus or minus 27
- Share in buildings of two or more2.7 percent plus or minus 2.4
- Mobile homes210 plus or minus 123
- Median year structure built1989
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Hope
How New Hope gets to work
- Workers 16 and over who commute1,244
- Commuting under 15 minutes354 plus or minus 152
- Share commuting under 15 minutes28.5 percent plus or minus 11.8
- Commuting 30 minutes or more413 plus or minus 150
- Share commuting 30 minutes or more33.2 percent plus or minus 11.6
- Drove alone78.4 percent
- Carpooled15.9 percent plus or minus 11.9
- Public transport0.0 percent
- Walked3.9 percent plus or minus 5.6
- Worked from home1.8 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Hope
SBA loans in New Hope (7(a))
- Approvals1
- Gross approval$200,000
- Average approval$200,000
- Median approval$200,000
- Largest approval$200,000
- Jobs supported2
- Jobs per approval2.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term129 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises100.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in New Hope, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Hope
SBA loans in New Hope (504)
- Approvals1
- Gross approval$111,000
- Average approval$111,000
- Median approval$111,000
- Largest approval$111,000
- Jobs supported0
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in New Hope, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New Hope
Flood risk in New Hope
- NFIP communityCity of New Hope
- NFIP community number010154
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date01/23/26
The City of New Hope participates in the National Flood Insurance Program as community 010154 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Madison County, not New Hope
Madison County context, not New Hope figures
- Establishments in Madison County9,295
- Covered employment, Madison County229,807
- Average annual pay, Madison County$77,051
- Housing units permitted, Madison County4,710
Every figure in this section is published for Madison County as a whole and is not a measurement of New Hope.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
New Hope questions, answered from the record.
How many people live in New Hope, Alabama?
2,911, in 986 households. New Hope city covers 8.66 square miles of land, which is 336 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Hope in?
Madison County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Hope?
$83,816. The median owner-occupied home is valued at $163,700. Median gross rent is $1,075 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Hope businesses?
1 7(a) approvals totaling $200,000 since FY2020, across 1 lenders, median approval $200,000, plus 1 504 approvals worth $111,000 since FY2010. These count approvals to borrowers whose address is in New Hope, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Hope borrowers get paid back?
No rate is published for New Hope. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Hope in the National Flood Insurance Program?
Yes. New Hope appears in the FEMA Community Status Book as New Hope, city of, community 010154, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Hope figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Madison County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Hope.
Is zoning published for New Hope?
No. Nothing on this page presents parcel level zoning.