The Town FilesNew Hope, Texas
Town in Collin County · population 661 (2020 Census)
- Median home
- $422,800
- Household income
- $64,306
- Jan low / Jul high
- 34° / 95°
- Snow a year
- 1 in
- Tornadoes ≤10 mi since 1950
- 22
- Median age
- 53.6
New Hope is a town of 661 people in Collin County, Texas. The median home is worth $422,800, above the typical Texas town ($184,100). It ranks better for families than 96% of Texas towns, more of a college town than 91% of Texas towns, more upscale than 87% of Texas towns.
How New Hope ranks
Percentile among Texas towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Texas towns.
Homes and cost of living
The median home in New Hope is worth $422,800, above the typical Texas town ($184,100). Homes cost about 6.6 times the median household income of $64,306, which is more affordable than 2% of Texas towns. Median rent is $1,827 a month. 70.0% of households own their home.
| Housing | New Hope | Typical Texas town |
|---|---|---|
| Median home value | $422,800 | $184,100 |
| Median rent | $1,827 | $1,086 |
| Median household income | $64,306 | $65,842 |
| Home value ÷ income | 6.6× | 2.9× |
| Homeownership | 70.0% | 72.9% |
| Median year built | 1985 | 1985 |
| Seasonal / vacation homes | 0.0% | — |
Who lives in New Hope
| People | New Hope | Typical Texas town |
|---|---|---|
| Median age | 53.6 | 37.1 |
| Age 65 and over | 30.3% | 15.6% |
| Under 18 | 15.6% | — |
| Bachelor's degree or higher | 32.0% | 18.9% |
| Below the poverty line | 8.8% | 13.1% |
| Veterans | 8.9% | — |
| Born outside the U.S. | 3.5% | — |
| Work from home | 13.3% | 7.8% |
| Average commute | 28.9 min | 26.1 min |
| Homes with broadband | 67.5% | 89.2% |
Weather in New Hope
July highs average 95.0°F and January lows 33.9°F. About 38.3 inches of rain and melted snow fall a year, with 1.0 inches of snow (typical Texas town: 0.2 in). Expect about 97 days a year at 90°F or hotter and 48 nights at or below freezing.
Tornadoes, storms and disasters
22 tornadoes have passed within 10 miles of New Hope since 1950, compared with 21 for the typical Texas town. 9 rated (E)F2 or stronger. The strongest, an F3, struck on October 12, 1969 about 5.7 miles from the town center. The most recent was on December 13, 2022.
Hail of 1 inch or larger has been reported within 10 miles 154 times; the largest was 4.50 inches on March 24, 2019.
Severe weather in Collin County since 1996
Collin County has been included in 20 federal disaster or emergency declarations since 1953, most often for fire, flood, other.
| Declared | Incident | Declaration |
|---|---|---|
| May 17, 2024 | Flood | DR-4781: Severe Storms, Straight-Line Winds, Tornadoes, And Flooding |
| February 19, 2021 | Severe Ice Storm | DR-4586: Severe Winter Storms |
| February 14, 2021 | Severe Ice Storm | EM-3554: Severe Winter Storm |
| March 25, 2020 | Biological | DR-4485: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3458: Covid-19 |
Jobs and pay in Collin County
Collin County had 546,526 jobs in 2024, paying an average of $88,091 a year. Unemployment was 3.5% in 2023; in New Hope itself the ACS puts it at 2%.
Towns near New Hope
- Lowry Crossing, TX3.0 mi · 1,689 people · home $396,900
- Princeton, TX3.4 mi · 17,027 people · home $331,000
- Melissa, TX5.3 mi · 13,901 people · home $454,000
- Fairview, TX5.8 mi · 10,372 people · home $597,300
- McKinney, TX6.1 mi · 195,308 people · home $471,800
- Lucas, TX7.8 mi · 7,612 people · home $941,900
- Anna, TX9.4 mi · 16,896 people · home $351,700
- Seis Lagos, TX9.7 mi · 1,450 people · home $753,600
New Hope questions
Is New Hope, Texas a good place to retire?
On The Town Files lifestyle rankings, New Hope scores better for retirees than 45% of Texas towns and quieter than 31%. 30.3% of residents are 65 or older (median age 53.6).
How much does a house cost in New Hope?
The median owner-occupied home in New Hope is valued at $422,800 (Census ACS 2020–2024), against a median household income of $64,306, so homes cost about 6.6 times income. Median rent is $1,827 a month.
What is the weather like in New Hope?
July highs average 95.0°F and January lows 33.9°F (NOAA 1991–2020 normals). It gets about 38.3 inches of precipitation a year and 1.0 inches of snow.
Does New Hope get tornadoes?
22 tornadoes have passed within 10 miles of New Hope since 1950 (NOAA Storm Events); the strongest was a F3 on October 12, 1969. The typical Texas town has had 21.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)