New Hope, Alabama.
Typical home $221,641 (+5.5% in a year). Huntsville, AL metro.
to buy the typical home at today's mortgage rate — +$575 (+98%) since Jan 2020.
- 1 year
- Up $11,589 +6%
- $210,052$221,641 since Sep 2025
- 5 years
- Up $4,258 +2%
- $217,383$221,641 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- New Hope$1,163
- Alabama$1,252
- United States$1,922
Typical home values in New Hope, AL rose 5.5% over the past year — faster than the nation's +1.2%.
Living in New Hope, Madison County, Alabama
New Hope is a city of 2,889 people in Madison County. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Madison County was 3.0% in August 2026, and the county had 2.3% more jobs in 2025 than the year before. The most people in Madison County work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. New Hope is a small city in Madison County, Alabama, and most of the homes in it are lived in by their owners. The population is younger than in many towns this size, and typical home values sit a little below what many buyers expect in the wider Huntsville area. Winters are cool and summers are warm, with plenty of rain through the year.
Work. Residents work mostly in schools, hospitals and social care, with professional and business services, manufacturing and shops also employing many people. Across Madison County, some of the largest workplaces are Huntsville Hospital, Toyota Motor Mfg of Alabama and The Boeing Company. Most people commute to work rather than working from home, and the typical trip is a moderate one.
Things to do. Guntersville Lake, a reservoir, is a short drive away, as are the Flint River and Painted Bluff, an archaeological site. A longer drive brings you to the U.S. Space & Rocket Center, a museum, and to Cathedral Caverns State Park, a protected area.
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- 986households
- 29%of adults have a degree
- 13%below the poverty line
- 22 mintypical commute
- 2%work from home
What people in Madison County work in
Employed residents by industry, from the Census survey. Madison County had 235,169 jobs in 2025, 2.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 50° and lows near 30°; warmest in August, with highs near 88° and lows near 66°. About 58 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Owens Cross Roads 3S weather station, 2 miles away (NOAA).
Largest workplaces in Madison County
- Huntsville HospitalGeneral hospital7,307FTE
- Toyota Motor Mfg of AlabamaVehicle assembly2,543
- The Boeing CompanyGuided missile and space vehicle manufacturing2,466
- Huntsville City SchoolsSchool district2,363FTE
- George C. Marshall Space Flight CenterFederal government · National Aeronautics and Space Administration2,070
- Leidos - DyneticsEngineering research and development laboratories or services2,032
- Madison County SchoolsSchool district2,020FTE
- Blue Origin HSV MCGuided missile and space vehicle manufacturing1,493
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 338 workplaces with 20 or more staff, 51,643 people in all across the county; New Hope has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingVery high
- TornadoesVery high
- LightningRelatively high
- Cold wavesRelatively high
- Winter weatherRelatively high
- Strong windRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in New Hope’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Madison County and the Huntsville, AL metro.
New Hope home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- New Hope$221,641
- Alabama$238,614
- United States$366,157
Sellers are cutting prices on about 1 in 4 New Hope listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- New Hope28.43%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- New Hope19
New listings per month
Sellers arriving at the market.
- New Hope6
Zip codes with a New Hope address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls New Hope — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.