The housing market in 55428 New Hope, MN is relatively steady compared to the rest of the United States. The median value of a house in 55428 New Hope, MN is $289,900, significantly lower than the US median value of $338,100. The US 1 year house appreciation rate has been 8.27%, whereas the 1 year appreciation rate in 55428 New Hope, MN is only 4.79%. Although the rate of appreciation in this area is slower than other parts of the country, it still shows a positive trend for investors and homeowners in this locality.
The median home cost in New Hope (zip 55428) is $289,900. Home appreciation the last 10 years has been 89.0%. Home Appreciation in New Hope (zip 55428) is up 7.1%.
Average Age of Homes
- The median age of New Hope (zip 55428) real estate is 50 years old
The Rental Market in New Hope (zip 55428)
- Renters make up 41.5% of the New Hope (zip 55428) population
- 2.0% of houses and apartments in New Hope (zip 55428), 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.