Brokers — List your Company Here
Featured local agent — New Hope, KY
Sarah Mitchell
Compass Real Estate · New Hope, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
New Hope, KY Housing Market
The typical home in New Hope, KY is worth $243,877, rose 1.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $114,000 (through May 2026). With homes going under contract in about 15 days, New Hope is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $243,877 home is about $1,302/mo in principal and interest.
Key numbers for New Hope, KY
Typical home value
$243,877
+1.8% in 12 months
Zillow, August 2026
Median sale price
$114,000
Last published period
Redfin, through June 2024
Days on market
15
Fast-moving
Redfin, through June 2024
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
95.0%
Selling below asking
Redfin, through June 2024
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is New Hope a buyer's or seller's market?
New Hope, KY is a leaning buyer's and homes selling in about 15 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the New Hope housing market data show?
Every row below is Redfin's final published month for New Hope, KY. Redfin, through June 2024
| Metric | Value |
|---|---|
| Median sale price | $114,000 |
| Median price per sq ft | $106/sq ft |
| Median days on market | 15 days |
| Sale-to-list price ratio | 95.0% |
| Homes sold (that month) | 1 |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for New Hope is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in New Hope is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have New Hope home prices moved?
Across the 6 months we hold for New Hope, KY, the median sale price fell 43.0%, from $200,000 in July 2021 to $114,000. The live Zillow value series has rose 1.8% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through June 2024 — the chart ends at Redfin's final published month.
Get New Hope market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in New Hope?
Priced off the typical home value of $243,877 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $48,775 | $195,102 | $1,302/mo |
| 5% | $12,194 | $231,683 | $1,546/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,302, that implies roughly $55,798 a year before you add taxes and insurance. We do not hold a Census income figure for New Hope, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in New Hope in the next 12 months?
Tell us your timeline. We send the New Hope market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in New Hope?
Zillow does not publish a rent index (ZORI) for New Hope, KY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in New Hope?
Active listings in New Hope, KY went from 1 in September 2022 to 1 in December 2022, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings |
|---|---|
| September 2022 | 1 |
| December 2022 | 1 |
Redfin, through December 2022
How does New Hope compare to Kentucky and the U.S.?
New Hope homes sell for $114,000 — 60% below the Kentucky median of $284,400. Against the national median of $410,700, New Hope runs 72% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| New Hope, KY | $114,000 | not published | 15 days |
| Kentucky statewide | $284,400 | +2.3% | 45 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through June 2024 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in New Hope
What buyers should watch
- The gap between 5% and 20% down here is $244 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $243,877 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median New Hope listing goes under contract in 15 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +1.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside New Hope varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in New Hope
Explore homes currently listed for sale in New Hope, Kentucky across major real estate platforms.
How much do homes cost in New Hope by property type?
How the New Hope, KY market breaks down across single-family homes, condos and townhouses. Redfin, through June 2024
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $114,000 | $106/sq ft | 1 | 15 days |
Who lives in New Hope?
American Community Survey estimates for New Hope. U.S. Census ACS, 2023
Population
39
Households
20
Median age
35.1 years
Owner-occupied
100.0%
100.0% of occupied homes in New Hope are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near New Hope, KY?
Ordered by distance from New Hope, not by size. Compare New Hope side by side with any of them.
New Hope housing market FAQ
Is New Hope a buyer's or seller's market?
New Hope, KY is currently a leaning buyer's based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in New Hope?
The typical home in New Hope, KY is worth $243,877 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $114,000, about $106 per square foot.
Is New Hope cheaper than the rest of Kentucky?
New Hope's median sale price of $114,000 is 60% lower than the Kentucky statewide median of $284,400, and 72% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in New Hope?
Homes in New Hope, KY spent a median of 15 days on market before going under contract, versus 45 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in New Hope?
At the current 30-year fixed rate of 7.03%, 20% down on a $243,877 home is about $1,302 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $55,798 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in New Hope?
The typical home value in New Hope, KY rose 1.8% over the last 12 months, from $239,593 to $243,877 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in New Hope?
New Hope ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in New Hope?
That depends on your timeline, not on a headline. What the data says today: New Hope, KY is a leaning buyer's, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on New Hope, KY
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching New Hope
Nearby markets
Get the New Hope market brief
Get the New Hope, KY market brief
One email: what homes are actually clearing at around $243,877, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.