New Hope

New Hope

Located in Marion County

$271,462 Average Value
$185 Average Price per Sq Ft
3 Homes For Sale

A rural hideaway along the Tennessee River in New Hope

New Hope sits along a bend in the Tennessee River, across the water from larger towns like South Pittsburg and Kimball. “Until the ’90s, you could only get over there by ferry,” says Jessica Wright, a Realtor with Re/Max Realty South who specializes in Marion County, Tennessee. “So it was its own little thing. But it’s beautiful over there. It’s got rolling hills and swooping curves on some of the roads.” While New Hope is more easily accessible now, it retains its rural character, with residents enjoying the area’s solitude and privacy.

Homes along the main road or tucked back and private

Winding country drives split off Highway 156, with homes along the main road or tucked back within the community. Lots are often large and private, surrounded by plots of untouched forest. The area’s split-level and brick ranch-style homes were often built in the late 20th century or early 21st century and sell between the high $100,000s and mid-$300,000s. Large plots of land also go on the market occasionally, settling between $10,000 and $20,000 per acre.

Recreation on the Tennessee River and Nickajack Lake

The Tennessee River is the border for much of New Hope, and residents use the water for recreation. The Nickajack Dam controls flow into Nickajack Lake, and residents can drop boats and kayaks into the lake from the Mapleview Public Use Area. “Here locally, there’s a fishing tournament they have, and there’s a speedboat race in Nickajack Lake,” Wright says. “There’s a lot that goes on here.” Nickajack Cave is nearby, a partially submerged cavern home to endangered bats; while the cave itself is closed to visitors, a deck outside offers viewing of the bats.

Highway 156 leads to Interstate 24

Tennessee Highway 156 is the main route through New Hope, cutting through the center of the community. Meanwhile, Interstate 24 runs along the north bank of the Tennessee River opposite New Hope, about a 2-mile drive from the area’s western edge. Chattanooga is 25 miles away, though the city is an hour ahead of New Hope — the border between the Central and Eastern time zones lies between the two. While residents nearly universally own cars, the Southeast Tennessee Human Resource Agency offers a demand-response transit system in Marion County.

Shops within New Hope and across the river into South Pittsburg

New Hope has a handful of shops and markets scattered along Highway 156. Backroad Relic Hunters offers antique goods and candied pecans, while Dollar General sells essentials. However, residents mainly head across the Tennessee River into South Pittsburg to shop or eat, as several restaurants and boutiques line Cedar Avenue. Kirkpatrick’s Foodland is the nearest grocery store, right across the bridge from New Hope.

Marion County School District education for students

New Hope is located in the Marion County School District. Students can attend South Pittsburg Elementary, which Niche gives a B-minus grade, from prekindergarten through sixth grade. They can then move on to B-rated South Pittsburg High, which serves seventh through 12th grade. South Pittsburg High offers career education opportunities in subjects including teaching, welding and nursing.

Events in South Pittsburg, like the National Cornbread Festival

While New Hope has a quiet atmosphere, residents can take advantage of what nearby South Pittsburg offers. The town has several theaters and small museums and puts on the National Cornbread Festival every summer. The event features music, a pageant and a cornbread cookoff.

Interested in learning more about homes in this area? Reach out to Paul Avratin, an experienced agent in this area.

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Schools

Source:
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New Hope Housing Trends

Housing Trends

Median List Price
$269,000
Median Sale Price
$200,000
Median Single Family Sale Price
$269,000
Median Change From 1st List Price
11%
Last 12 months Home Sales
4
Median Home Sale Price YoY Change
-$45
Average Price Per Sq Ft
$185

Neighborhood Facts

Number of Homes for Sale
3
Months of Supply
9.00

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

New Hope Has More Owners

Demographics

Total Population
978
Median Age
50
Population under 18
18.5%
Below the national average
23.8%
Population over 65
25.1%
Above the national average
19.1%

Finances

Median Household Income
$45,357
Significantly below the national average
$71,702
Average Household Income
$56,099

Education and Workforce

High School Graduates
82.6%
College Graduates
5.4%
Significantly below the national average
34.1%
Advanced Degrees
1.1%
% Population in Labor Force
50.9%
Below the national average
65.1%

Weather

Annual Precipitation
53''
Average Winter Low Temperature
29°F
Average Summer High Temperature
87°F
Annual Snowfall
7''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
New Hope