HomePennsylvaniaBucks CountyNew Hope borough
New Hope borough, Pennsylvania: commercial real estate data.
New Hope borough is a Census borough of 2,622 people across 1.27 square miles of land, in Bucks County. Median household income is $175,156, 71.2 percent of occupied homes are owned, and the SBA record carries 24 7(a) approvals to borrowers here worth $19.6 m.
80 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
New Hope
What New Hope is
- Census place typeborough
- Land area1.27 sq mi
- Water area0.15 sq mi
- Population per square mile of land2,065
- County holding the largest share of its areaBucks 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
- Population2,622
- Median age58.1
- Population under 18338 plus or minus 126
- Share under 1812.9 percent plus or minus 4.8
- Population 65 and over660 plus or minus 166
- Share 65 and over25.2 percent plus or minus 6.3
- Households1,332
- Family households632
- Share of households that are families47.4 percent
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$175,156 plus or minus $43,812
- Per capita income$135,177
- Civilian labor force1,589
- Employed1,525
- Unemployed64 plus or minus 45
- Unemployment rate4.0 percent plus or minus 2.8
- Adults 25 and over2,150
- Adults 25 and over with a high school diploma or higher97.4 percent
- Adults 25 and over with a bachelor degree or higher74.2 percent
- Adults 25 and over with a graduate degree41.3 percent plus or minus 10.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Hope
Housing in New Hope
- Housing units1,497
- Occupied units1,332
- Vacant units165 plus or minus 87
- Vacancy rate11.0 percent plus or minus 5.7
- Owner occupied949
- Renter occupied383 plus or minus 138
- Ownership rate71.2 percent
- Median owner-occupied home value$716,200 plus or minus $165,963
- Median gross rent, monthly$2,000 plus or minus $1,161
- Annual rent as a share of median income13.7 percent plus or minus 8.7
- Single family units1,024
- Share single family68.4 percent
- Units in buildings of two or more473 plus or minus 166
- Share in buildings of two or more31.6 percent plus or minus 10.7
- Mobile homes0
- Median year structure built1977
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 commute981 plus or minus 199
- Commuting under 15 minutes251 plus or minus 119
- Share commuting under 15 minutes25.6 percent plus or minus 11.0
- Commuting 30 minutes or more495 plus or minus 146
- Share commuting 30 minutes or more50.5 percent plus or minus 10.8
- Drove alone43.9 percent plus or minus 10.5
- Carpooled6.5 percent plus or minus 7.5
- Public transport0.7 percent plus or minus 1.0
- Walked7.9 percent plus or minus 6.0
- Worked from home34.5 percent plus or minus 13.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Hope
SBA loans in New Hope (7(a))
- Approvals24
- Gross approval$19,570,100
- Average approval$815,421
- Median approval$474,000
- Ninetieth percentile approval$2,650,000
- Largest approval$3,750,000
- Jobs supported273
- Jobs per approval11.4
- Loans with a final outcome8
- Paid in full8
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more37.5 percent
- Share to franchises4.2 percent
- Distinct lenders15
- Distinct industries by NAICS15
A charge-off rate is not published here. only 8 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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)
- Approvals7
- Gross approval$14,822,000
- Average approval$2,117,429
- Median approval$1,712,000
- Largest approval$4,222,000
- Jobs supported115
- Loans with a final outcome2
- Charged off0
- Median term300 months
- Distinct CDCs4
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
- Listed NFIP communities1
- Of those, participating1
- NFIP community number420195
- Currently effective map date03/16/15
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Bucks County, not New Hope
Bucks County context, not New Hope figures
These are Bucks County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Hope measurements.
- Establishments in Bucks County20,043
- Employment at those establishments, Bucks County263,278
- Covered employment, Bucks County274,632
- Average annual pay, Bucks County$64,953
- Average weekly wage, Bucks County$1,249
- Housing units permitted, Bucks County718
- Of those, single family, Bucks County511
- County product, 2024, Bucks County$48,826,773,000
- County product change over the prior year, Bucks County5.6 percent
- Average income of an arriving household, Bucks County$119,540
Every figure in this section is published for Bucks County as a whole and is not a measurement of New Hope. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Hope questions, answered from the record.
How many people live in New Hope, Pennsylvania?
2,622, in 1,332 households. New Hope borough covers 1.27 square miles of land, which is 2,065 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?
Bucks 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?
$175,156. The median owner-occupied home is valued at $716,200. Median gross rent is $2,000 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?
24 7(a) approvals totalling $19.6 m, across 15 lenders, median approval $474,000, plus 7 504 approvals worth $14.8 m. 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 8 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. 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 community 420195, 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 labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Bucks 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.