Housing costs in New Hope?
A typical home costs
$176,500, which is 47.8% less expensive than the national average of
$338,100 and 9.2% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in New Hope costs
$780 per month, which is 15.2% cheaper than the national average of
$920 and close to the state average of
$790.
Can I afford New Hope?
To live comfortably in New Hope (zip 40052), Kentucky, a minimum annual income of
$33,840 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about New Hope?
The cost of living in New Hope, KY (40052) is slightly above the national average, but still relatively affordable. The median home value is $107,367, which is lower than the U.S. median home value of $170,200. For those looking to rent, the median household rent in New Hope is $795/month. Food and grocery prices are on par with the rest of the nation while transportation costs are slightly higher. Overall, New Hope offers an affordable cost of living for those looking to settle down in a small town lifestyle with easy access to larger cities like Louisville and Lexington.