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New Hope city, TN

ZIP 37380 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37380

Median Home Value
$185,000
Median Rent
$742
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,188/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

20.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37380 in New Hope city, TN, a household would need roughly $51,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,188. That is roughly in line with the local median household income ($53,160). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.3%+14% vs US avg
x
Vacancy Rate
11.6%+12% vs US avg
x
Broadband Access
76.7%-12% vs US avg
x
4+ Bedrooms
2.5%-83% vs US avg
x
Built Pre-1939
2.1%-83% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
12.3%-75% vs US avg
x
Mortgage-Free
53.5%+40% vs US avg
x
$185,000
Home Value
$742
Rent
1982
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.6%
  • 1-unit attached0.1%
  • 2-9 units3.6%
  • 10+ units0.1%
  • Mobile home & other20.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$185,000
Median rent$742
Owner-occupied74.3%
Vacant11.6%
Price-to-income3.5x
Est. income to buy$51,000