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New Hope, Texas

town · Bowie County (primary) , Cherokee County, Collin County, Dallas County, Franklin County, Henderson County, Jones County, Liberty County, Limestone County, Polk County, Rusk County, San Augustine County, Smith County, Wood County

At a glance

680
Population
$422,800
Median home value (all homes)
39% above U.S. median
$437,753
Typical market value
Zillow, 2026-07
$1,827/mo
Median rent
36% above U.S. median
$64,306
Median household income
18% below U.S. median
28.9 min
Average commute
67.5%
Homes with broadband
0.36%
Locations with fiber available
2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 110 — 10% above the national average. how it's computed

Housing57% above
Goods & services5% below
Utilities7% above
Taxes57% below
Insurance25% above
Commute cost5% below
For business: Texas is CBII band 3/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college19 mi
Nearest community college5 mi
Nearest technical college14 mi
High school graduates97.2%
College graduates32%

Doing business here

Economic development contacts, most local first:

county Polk County Open for Business
Polk County Economic Development Corp. serves Polk County, Texas, providing information on demographics, industries, education, and available land and properties to support business growth.
county Wood County Economic Development Commission
Wood County Economic Development Commission is a Texas economic development organization serving Wood County and its cities by providing information and resources related to business needs, site selection, tax incentives, and community information.
region East Texas Economic Development Company
The East Texas Regional Development Company (ETRDC) is a private non-profit certified development company established in 1983 to promote and assist with the economic development of East Texas through small business lending. Its primary lending program is the SBA 504 loan.
state Office of the Governor (Texas)
Texas Economic Development Corporation (TxEDC) markets Texas as the premier destination for business and provides information to help businesses explore opportunities in Texas. It supports the Governor’s Office of Economic Development and Tourism in promoting Texas as a premier destination for business.
state Texas Economic Development
The Texas Economic Development & Tourism Office offers resources for Texas businesses, communities and residents, as well as those looking to do business in Texas. Our office publishes in-depth reports on the economy of Texas and the state’s targeted growth industries. We also offer a number of events throughout the year, covering a wide range of business-related topics—everything from getting started in the state to growing your business internationally.
State sales taxYes
State income taxNone
Right-to-work stateYes

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