All Countries
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
Housing Overview
Median Home Value
$314,600
12% above
US avg: $281,900
Median Rent
$1,306/mo
12% above
US avg: $1,163/mo
Homeownership Rate
52.5%
20% below US avg (65.4%)
Total Housing Units
9,385
Median year built: 1968
Home Value by Source
Census Median
$314,600
Zillow (ZHVI)
$343,690
Median Sale Price
$350,000
Median List Price
$324,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
52.5%
Owner-Occupied
47.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,306/mo
· Zillow rent:
$1,367/mo
Market Indicators (Redfin)
Median Days on Market
64 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
20.7%
of listings with price reduction
Price Per Sq Ft
$161
Active Inventory
29
homes for sale
Affordability & Housing Stock
Rent Burden
32.6%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
52.5%
Complete Housing Data
Home Values
| Census Median Value | $314,600 |
| Zillow Home Value (ZHVI) | $343,690 |
| Median Sale Price | $350,000 |
| Median List Price | $324,900 |
| Price Per Sq Ft | $161 |
Rent
| Census Median Rent | $1,306 |
| Zillow Rent (ZORI) | $1,367 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 64 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.7% |
| Homes Sold | 13 |
| Active Inventory | 29 |
| Price Per Sq Ft | $161 |
Ownership & Stock
| Owner-Occupied | 52.5% |
| Renter-Occupied | 47.5% |
| Homeownership Rate | 52.5% |
| Total Housing Units | 9,385 |
| Median Year Built | 1968 |
| Rent Burden | 32.6% |