New Hope, KY Profile: Facts & Data

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New Hope, Kentucky - Basic Facts

The New Hope Census Designated Place had a population of 137 as of July 1, 2019. New Hope ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Kentucky. See peer rankings below.

The primary coordinate point for New Hope is located at latitude 37.632 and longitude -85.5083 in Nelson County. The formal boundaries for the New Hope Census Designated Place encompass a land area of 0.62 sq. miles and a water area of 0 sq. miles. Nelson County is in the Eastern time zone (GMT -5). The elevation is 545 feet.

The New Hope Census Designated Place (GNIS ID: 2629657) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The New Hope Census Designated Place is located within New Haven Division of Nelson County.


Jump to... (On This Page!)
  1. New Hope 2019 Demographic Data
  2. Growth Rates for New Hope (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Kentucky Research Tools (Easy Tools & Current Data)
  3. Kentucky Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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New Hope, KY Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

New Hope, KY Housing Affordability Index is 229
State of Kentucky Housing Affordability Index is 161
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

New Hope, KY Wealth Index is 63
State of Kentucky Wealth Index is 73
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Kentucky COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 137 (100%)
Population in Households 132 (96.4%)
Population in Families 115 (83.9%)
Population in Group Quarters1 5 ( 3.6%)
Population Density 222
Diversity Index2 6
 

INCOME

Median Household Income $51,540
Average Household Income $67,198
Per Capita Income $23,927
Wealth Index4 63

HOUSING

Total Housing Units 67 (100%)
Owner Occupied HU 54 (80.6%)
Renter Occupied HU 6 ( 9.0%)
Vacant Housing Units 7 (10.4%)
Median Home Value $126,316
Housing Affordability Index3 229
 

HOUSEHOLDS

Total Households 60
Average Household Size 2.2
Family Households 47
Average Family Size 2
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.65% 0.86%
Households 0.75% 0.98%
Families 0.97% 0.42%
Median Household Income   1.32%
Per Capita Income   1.94%

New Hope, KY - Peer Comparisons by Rank and Percentile

The table below compares New Hope to the other 540 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 513 5th
Population Density # 486 10th
Diversity Index # 481 11th
Median Household Income # 197 64th
Per Capita Income # 241 56th

Additional comparisons and rankings can be made with a VERY EASY TO USE Kentucky Census Data Comparison Tool.

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Kentucky Census Data Comparison Tool

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