The Borough of New Hope had a population of 2,655 as of July 1, 2019. New Hope ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.
The primary coordinate point for New Hope is located at latitude 40.3643 and longitude -74.9513 in Bucks County. The formal boundaries for the Borough of New Hope encompass a land area of 1.27 sq. miles and a water area of 0.15 sq. miles. Bucks County is in the Eastern time zone (GMT -5). The elevation is 69 feet.
The Borough of New Hope (GNIS ID: 1214972) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for New Hope: Canbys Ferry, Coryells, Coryells Ferry, New Hope Mills, Wells Ferry.
HOUSING AFFORDABILITY INDEX
|New Hope, PA Housing Affordability Index is 80 |
State of Pennsylvania Housing Affordability Index is 131
|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.|
|New Hope, PA Wealth Index is 222 |
State of Pennsylvania Wealth Index is 99
|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.
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|Total Population||2,655 (100%)|
|Population in Households||2,655 (100.0%)|
|Population in Families||1,664 (62.7%)|
|Population in Group Quarters1||0|
|Median Household Income||$97,946|
|Average Household Income||$160,881|
|Per Capita Income||$80,168|
|Total Housing Units||1,437 (100%)|
|Owner Occupied HU||704 (49.0%)|
|Renter Occupied HU||619 (43.1%)|
|Vacant Housing Units||114 ( 7.9%)|
|Median Home Value||$587,456|
|Housing Affordability Index3||80|
|Average Household Size||2.01|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.23%|
|Per Capita Income||1.98%|
The table below compares New Hope to the other 1,761 incorporated cities, towns and CDPs in Pennsylvania 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.
|Total Population||# 509||71st|
|Population Density||# 660||63rd|
|Diversity Index||# 306||83rd|
|Median Household Income||# 71||96th|
|Per Capita Income||# 8||100th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.