Housing costs in New Hope?
A typical home costs
$289,900, which is 14.3% less expensive than the national average of
$338,100 and 6.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in New Hope costs
$1,320 per month, which is 6.5% more than the national average of
$1,240 and 6.1% cheaper than the state average of
$1,400.
Can I afford New Hope?
To live comfortably in New Hope (zip 55428), Minnesota, a minimum annual income of
$55,440 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about New Hope?
The cost of living in New Hope, MN 55428 is relatively high compared to other cities in the state. The median home value in this area is about $270,500 and has seen a steady increase year over year. Rent prices are also quite high with the average rent for a 2 bedroom apartment being around $1,540. While groceries, health care, and transportation costs are all slightly higher than the national average, utilities tend to be slightly lower. In general, most goods and services can be found here at a higher price than most locations.