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New Hope, MN

Full City Profile · Minnesota · Hennepin County County

3.3 /5.0
B Good
21,402 Population 4,230/sq mi density
$73,698 Median Income $40,450 per capita
$314,600 Home Value $343,690 Zillow
$1,306 Median Rent 32.6% income on rent
46°F Avg Temperature 270 sunny days/yr
95 Violent Crime/100K 2,747 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$73,698 median income, 3.7% unemployment
A
Affordability
4.3 / 5.0
$314,600 home value, $1,306/mo rent
F
Safety
1.0 / 5.0
95 violent crimes/100K
B+
Education
3.9 / 5.0
36.7% bachelor's degree or higher

New Hope, MN

At a Glance

Median Income
$73,698
2% below
$40,450 per capita
Home Value
$314,600
12% above
Zillow: $343,690
Median Rent
$1,306/mo
12% above
32.6% of income on rent
Violent Crime
95/100K
75% below
2,747/100K property
Bachelor's Degree+
36.7%
9% above
94.0% high school+
Unemployment
3.7%
3% above
8.9% poverty rate
Obesity Rate
30.0%
7% below
13.8% smoking rate
Avg Temperature
46°F
270 sunny days/yr

How New Hope Compares to the U.S. Average

Each bar shows New Hope's value as a percentage of the national average (100% = U.S. avg)

Income
98%
Home Value
112%
Rent
112%
Poverty
72%
Bachelor's
109%
Unemployment
103%
Crime
25%
Thin vertical line = U.S. national average (100%)

Is New Hope a Good Place to Live?

B
3.3 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

New Hope residents earn a median household income of $73,698 , which is 2% below the national average of $75,149. Per capita income is $40,450. The unemployment rate stands at 3.7% (3% above the U.S. rate of 3.6%). 8.9% of residents live below the poverty line. The area is home to 44,785 business establishments, including 3,018 restaurants.

Housing & Cost of Living

The median home value in New Hope is $314,600 , 12% above the national median of $281,900. Zillow estimates the typical home at $343,690. Median rent is $1,306/month, with 32.6% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1968.

Safety & Crime

New Hope reports 95 violent crimes per 100,000 residents , which is 75% below the national average of 380/100K. Property crime is 2,747/100K. The murder rate is 0.0/100K.

Education

36.7% of adults in New Hope hold a bachelor's degree or higher (9% above the national average). 94.0% have completed high school. Local schools score 6.2/10 in standardized testing.

Climate & Weather

New Hope has an average annual temperature of 46°F (8°C). Winters average 15°F in January while summers reach 73°F in July. The area gets 270 sunny days per year. Annual precipitation totals 34.7 inches. Air quality is rated Good with a median AQI of 36.

Data Overview

People

Population21,402
Median Age41.0 yrs
Density4,230/mi²
Male / Female48% / 52%
Foreign Born13.6%
Veterans4.9%

Economy

A
Median Income$73,698
Per Capita$40,450
Unemployment3.7%
Poverty8.9%
County GDP$193,617M
Avg Weekly Wage$1,734

Housing

A
Home Value$314,600
Rent$1,306
Ownership52.5%
Zillow$343,690
Housing Units9,385
Rent Burden32.6%

Crime

F
Violent95/100K
Property2,747/100K
Murder0.0/100K
Assault33/100K
Burglary303/100K

Health

Obesity30.0%
Diabetes8.6%
Smoking13.8%
Heart Disease5.0%
Premature Death6,600/100K

Climate

Avg Temp46°F
Sunny Days270/yr
Rain34.7 in/yr
AQI36 (Good)
Elevation916 ft

Education

B+
Bachelor's+36.7%
High School+94.0%
Graduate+8.9%
School Score6.2/10

Community

2024 VoteR 28% / D 70%
Commute21 min
Broadband87.7%
Internet Speed200 Mbps
EV Stations1
Libraries41

Did You Know?

New Hope was founded in 1936.
The median home in New Hope was built in 1968.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (13 miles).
The Gini coefficient (income inequality) is 0.479 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
15.4% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 200 Mbps.
There are 3,018 restaurants in the area.
The county recorded 60 fatal vehicle crashes.