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According to the United States Census Bureau , the borough has a total area of 1.4 square miles (3.6 km 2 ), of which 1.3 square miles (3.4 km 2 ) is land and 0.2 square miles (0.52 km 2 ) (11.19%) is water. Much of the water is the Delaware River .
The borough is located at the confluence of the Delaware River and Aquetong (Ingham) Creek, which begins its two-mile course in neighboring Solebury Township at Ingham Springs, the most productive spring in Southeastern Pennsylvania. The name Aquetong comes from a Lenape word meaning "spring in the bushes," while Ingham refers to Samuel D. Ingham , an industrialist, congressman, and advocate of the canal that would run through the town. Near its end in New Hope, the creek forms a scenic millpond and waterfall near the Bucks County Playhouse , a former mill.
The surrounding area features low, rolling hills, and consists largely of preserved forest and farmland. Many people whose mailing addresses are in New Hope actually live outside the borough in Solebury.
The Delaware River Joint Toll Bridge Commission operates two bridges over the Delaware River between New Hope and Lambertville , New Jersey . One is the free, two-lane New Hope – Lambertville Bridge , and the other, the New Hope – Lambertville Toll Bridge carrying U.S. Highway 202 , is a modern toll bridge.