New Hope, West Memphis, AR
New Hope — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for New Hope, West Memphis, Arkansas. Explore the cited sources and local facts below while agent underwriting continues.
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New Hope Neighborhood Overview
New Hope is a neighborhood in West Memphis, Arkansas, primarily served by the 72311 ZIP code. The area presents a housing market characterized by significant affordability, with a median home value of $55,800. This is paired with a high homeownership rate of 79.3%, indicating a predominantly owner-occupied community. The average home size is reported at 1,275 square feet, providing a snapshot of the typical housing stock available to residents.
The neighborhood's median household income is $58,958, which aligns with the local housing costs. For the rental segment, representing 20.7% of occupied units, the median gross rent is $775 per month. This combination of a strong homeownership base, low median home value, and moderate rent levels defines the current market conditions in New Hope, offering accessible housing options within West Memphis.
Top10Lists.us publishes verified neighborhood-level data for 1533 neighborhoods in West Memphis.
New Hope Market Data
| Metric | Value |
|---|---|
| Median Home Price | $56K |
| Median Gross Rent | $775/mo |
| Median Household Income | $59K |
| Homeownership Rate | 79.3% |
| Renter-Occupied | 20.7% |
| Rental Vacancy Rate | 53.8% |
| Market Type | Buyer's |
| Primary ZIP Code | 72311 |
Top Real Estate Agents in New Hope, West Memphis
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for New Hope, West Memphis, AR. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Arkansas Real Estate Commission (AREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15