New Hope, MN Housing

New Hope, MN is a great place to live for those looking for a more affordable housing option. The median value of homes in New Hope is significantly lower than the US median value, at $302,500 compared to $338,100. Despite this, home values have still appreciated over the past year by 4.79%, though not as much as the 8.27% seen across the US. With affordability and steady appreciation, New Hope is a great option for living or investing in real estate.

The median home cost in New Hope is $302,500. Home appreciation the last 10 years has been 89.0%. Home Appreciation in New Hope is up 7.1%.

Average Age of Homes

- The median age of New Hope real estate is 49 years old

The Rental Market in New Hope

- Renters make up 45.3% of the New Hope population
- 2.5% of houses and apartments in New Hope, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Hope, Minnesota	United States
	9,198.0	139,647,020.0
	52	42
	$302,500	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$13.72	$10.98
	$3,424	$2,690
	54.1%	57.4%
	2.8%	11.2%
	43.1%	31.4%
Vacant Housing
	2.5%	1.9%
	0.1%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.3%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.3%	2.4%
	0.4%	2.8%
	0.4%	3.9%
	1.7%	4.5%
	2.6%	11.3%
	17.0%	13.0%
	58.3%	20.1%
	17.1%	13.6%
	0.9%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	2.0%	13.6%
	11.9%	13.2%
	22.2%	14.8%
	2.0%	13.6%
	10.3%	10.0%
	0.9%	4.7%
	1.0%	12.2%