New Hope is a small city located in Collin County, Texas, United States. It is a rural community situated approximately 36 miles northeast of downtown Dallas. According to the 2020 U.S. Census, the estimated population of New Hope is 701.

New Hope is a predominantly White community, with a small African American population. According to the 2020 U.S. Census, the racial makeup of the city is 86.7% White, 4.6% African American, 0.4% Native American, 1.4% Asian, and 6.8% of other races. The median age of the population is 42.2 years, and the median household income is $101,750.

The cost of living in New Hope is lower than the national average, making it an affordable place to live. The city has a mix of housing options, from single-family homes to townhomes and apartments. The average home price in New Hope is around $300,000, which is lower than the national average.

Property tax rates in New Hope are relatively low compared to other cities in Collin County. The city’s property tax rate for 2021 is $0.6672 per $100 of assessed value. Property owners in New Hope can expect to pay an average property tax rate of around 2.6%, which is lower than the national average.

New Hope is a small city with limited recreational opportunities. However, the city is located near several parks and outdoor recreational areas, including the Lake Lavon, which offers fishing, boating, and hiking opportunities.

New Hope is part of the McKinney Independent School District, which serves the city and surrounding areas. The district has 28 schools, including 20 elementary schools, five middle schools, and three high schools. The district has received several accolades, including the National Blue Ribbon School award and the Texas Education Agency’s highest accountability rating.

The city of New Hope does not have a chamber of commerce. However, neighboring cities have chambers of commerce that serve the surrounding areas.

The New Hope City Hall provides a range of services for residents, including utility billing, building permits, and animal control. The city hall’s phone number is (972) 548-9636.

In conclusion, New Hope is a small and affordable rural community located near the Dallas-Fort Worth metropolitan area. The city offers a mix of housing options and has low property tax rates compared to other cities in the area. While the city has limited recreational opportunities, it is located near several parks and outdoor recreational areas. The city is served by a highly rated school district, and the nearby cities offer chambers of commerce that serve the surrounding areas.