Why Live in New Hope
New Hope, located in Durham, is a neighborhood characterized by its spacious, tree-shaded lots and a mix of older and newer homes. Properties here often span several acres, with classic ranch-style, Traditional, and split-level homes from the mid-20th century, alongside newer builds on oversized lots. The area is on the verge of another housing boom, attracting homebuyers with its quiet yet convenient location. Most homes rely on well water and septic systems, though this may change as the neighborhood grows. New Hope is surrounded by natural attractions, including Eno River State Park with its paddling, fishing, and 13 miles of hiking trails, and Duke Forest, which offers guided tours and volunteer opportunities. Hollow Rock Nature Park and Johnston Mill Nature Preserve provide additional hiking and outdoor activities. While New Hope lacks extensive shopping and dining options, residents often visit nearby Hillsborough for groceries and dining, including popular spots like Hillsborough BBQ Company and Eno River Brewing. The neighborhood is conveniently located about 7 miles from Hillsborough, 12 miles from downtown Durham, and 9 miles from Chapel Hill, with major roads like Interstates 85 and 40 providing easy access to Research Triangle Park, a significant employment hub. Schools in the area include the highly rated New Hope Elementary and Cedar Ridge High, which offers an International Baccalaureate Programme and dual enrollment opportunities.
Frequently Asked Questions
Is New Hope a good place to live?
New Hope is a good place to live. New Hope is considered very car-dependent and somewhat bikeable. New Hope is a suburban neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. New Hope has 8 parks for recreational activities. It is sparse in population with 0.3 people per acre and a median age of 46. The average household income is $116,176 which is above the national average. College graduates make up 53.1% of residents. A majority of residents in New Hope are home owners, with 21.9% of residents renting and 78.1% of residents owning their home. A
local real estate agent serving New Hope can help you decide if this neighborhood is the right one for you. Learn more on our
New Hope neighborhood guide.
Is New Hope, NC a safe neighborhood?
New Hope, NC is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in New Hope?
The median home price in New Hope is $381,420. If you put a 20% down payment of $76,300 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $85K a year to afford the median home price in New Hope. The average household income in New Hope is $116K.
What are the best public schools in New Hope?
The best public schools that serve New Hope are:
What are the best private schools in New Hope?
The best private schools that serve New Hope are:
What are the most popular zip codes in New Hope, Durham, NC?
What are the most popular neighborhoods near New Hope, Durham, NC?
Are home prices dropping in New Hope?
Yes, home prices in New Hope are down 74% in the last 12 months.
Home Trends in New Hope, NC
On average, homes in New Hope, Durham sell after 10 days on the market compared to the national average of 70 days. The median sale price for homes in New Hope, Durham over the last 12 months is $511,978, down 67% from the median home sale price over the previous 12 months.
Median Sale Price
$511,978
Median Single Family Sale Price
$376,330
Median 2 Bedroom Sale Price
$398,000
Average Price Per Sq Ft
$272
Number of Homes for Sale
6
Last 12 months Home Sales
18
Median List Price
$381,420
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-67%