New Hope, MN · Houses & Market Data

New Hope, Minnesota houses and real estate market data.

Houses in New Hope, MN (Hennepin County) — Census median home value $314,600, county listing prices down about 1.0% over the past year. Market data for New Hope houses and the broader area.

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New Hope, MN is in Hennepin County, Minnesota — this guide covers houses in New Hope and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 21,402, with a median household income of $73,698. Census data puts New Hope houses at a median value of $314,600 (all owner-occupied homes); Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.

Info from government sites and builders may have provided source info.

Market overview

New Hope housing market

New Hope is in Hennepin County, Minnesota. Manifest Census and county price-trend data provide baseline context for houses in New Hope and the surrounding county market.

Median home value (Census ACS)

$314,600

Population (Census ACS)

21,402

Median household income

$73,698

County price trend (2025)

3.01% YoY

Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.

At a glance

New Hope market snapshot

Population

21,402

County

Hennepin County

Median Household Income

$73,698

Median Home Value (city)

$314,600

Median Listing Price (Hennepin County)

$418,023

Median Gross Rent

$1,306/mo

Price Trend (YoY)

-1.0%

Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About

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Why New Hope

What makes New Hope different

Home Value, By Source

The Census Bureau's American Community Survey (2023 5-year estimate) puts New Hope's median home value — across all owner-occupied homes, not just recent sales — at $314,600. Separately, Hennepin County's current median listing price (via Realtor.com data, 2026-06-01) runs $418,023. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.

County Price Trend

Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.

Population & Income

New Hope has an estimated population of 21,402 and a median household income of $73,698, per the Census Bureau's American Community Survey (2023 5-year estimate).

Affordability Snapshot

New Hope's Census-reported median home value works out to about 4.3x the area's median household income, and median gross rent runs roughly 21% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.

Nearby

Places around New Hope

County guide: Hennepin County — cities, market context, and local resources for the county that includes New Hope.

USAHouses.com also helps visitors looking in nearby Hennepin County and other Minnesota communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.

Nearby communities include Crystal, Robbinsdale, Medicine Lake, Golden Valley, Plymouth, Brooklyn Center, Brooklyn Park, Osseo, St. Louis Park, Maple Grove, Minneapolis, Hopkins, Wayzata, Minnetonka, St. Anthony, Woodland.

More Minnesota cities with market guides: Rochester, Duluth, Woodbury, Lakeville, Blaine, St. Cloud, Eagan, Burnsville.

Adjacent-county Census places with USAHouses.com pages: Hilltop (~6.8 mi), Columbia Heights (~6.9 mi), Fridley (~7.0 mi), Spring Lake Park (~8.9 mi), New Brighton (~9.1 mi), Lauderdale (~9.4 mi), Mounds View (~10.1 mi), Coon Rapids (~10.4 mi), Falcon Heights (~10.9 mi), Arden Hills (~11.1 mi), Roseville (~11.5 mi), Anoka (~12.3 mi), Shoreview (~12.5 mi), Lexington (~12.7 mi), Blaine (~12.8 mi), Shorewood (~13.7 mi).

New construction: New homes near New Hope (Minneapolis St Paul) · Minnesota new construction.

Census & home facts

New Hope data from published sources

Population (ACS 2023)

21,402

Median home value (ACS 2023)

$314,600

Median household income (ACS 2023)

$73,698

Median gross rent (ACS 2023)

$1,306

County FHFA annual change (2025)

3.01%

County median listing price (FRED/Realtor.com) (2026-06-01)

$418,023

Census place type

city

County

Hennepin County

Land area (Census Gazetteer 2024)

5.06 sq mi

Census GEOID

2745628

Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.

Local life

Life in New Hope

Schools

Minneapolis Public School District — 97 schools, 29,205 students enrolled, per the U.S. Department of Education's Common Core of Data. Hennepin addresses may be served by Minneapolis Public School District, but attendance zones vary by street — confirm assigned schools with the district before making a move.

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Common questions

New Hope FAQ

What are houses worth in New Hope, MN?

The Census Bureau's American Community Survey puts the median value of houses in New Hope at $314,600. Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.

How much do houses cost in New Hope, MN?

For owner-occupied houses in New Hope, Census ACS data shows a median value of $314,600. Active listing prices in Hennepin County may differ — see the market snapshot above.

What types of houses are in New Hope, MN?

New Hope houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Hennepin County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.

What is the population of New Hope, MN?

The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts New Hope's population at approximately 21,402.

What's the median rent in New Hope, MN?

The Census ACS estimates median gross rent in New Hope at approximately $1,306 per month.

What is the median household income in New Hope, MN?

Census ACS data puts the median household income in New Hope at approximately $73,698.

Is the New Hope housing market growing?

Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.

Is New Hope, MN affordable relative to income?

Census ACS data puts New Hope's median home value at about 4.3 times the median household income, with median gross rent equal to roughly 21% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.

What school district serves New Hope, MN?

Manifest and public school-directory data suggest Minneapolis Public School District for many New Hope addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.

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