Rental market snapshot for New Hope, Minnesota

New Hope, Minnesota Rental Property Market Overview

New Hope, Minnesota is a vibrant city located in Hennepin County. With a population of 21,356 according to the US Census in 2021, New Hope is a growing community with plenty of amenities and attractions. The city is home to a variety of parks, trails, and recreational facilities, as well as a variety of shopping, dining, and entertainment options. New Hope is also home to a number of businesses and employers, making it a great place to live and work.

The average rent for an apartment in New Hope is $1,681. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in New Hope Minnesota | Cost of Living

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New Hope ZIP codes with the highest, most expensive rent

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Live near New Hope, Minnesota's Top Sights and Attractions

Dorothy Mary Park is a picturesque park located in a small town in Minnesota. It features a large pond with a fountain in the center, surrounded by lush green grass and trees. There are several walking trails that wind through the park, as well as a playground and picnic area. The park also has a gazebo and a small amphitheater for outdoor performances. Visitors can enjoy the peaceful atmosphere and take in the beauty of the park's natural surroundings.

Civic Center Park and New Hope Pool is a popular destination for locals and visitors alike. The park features a large grassy area with plenty of room for picnics, sports, and other outdoor activities. There is also a playground, a basketball court, and a walking path. The New Hope Pool is a great place to cool off on hot summer days. It features a large pool, a kiddie pool, and a diving board. The pool also has a snack bar and a lounge area for relaxing.

Northwood Park is a beautiful outdoor attraction located in the heart of Minnesota. It features a variety of activities, such as walking trails, a playground, picnic areas, and a pond. The park also has a variety of wildlife, including birds, deer, and other animals. The park is surrounded by lush green trees and offers a peaceful atmosphere for visitors to enjoy.

Hidden Valley Park is a scenic outdoor destination located in the rolling hills of Minnesota. It features a variety of trails for hiking, biking, and horseback riding, as well as a lake for fishing and canoeing. The park also has a picnic area, playground, and a disc golf course. The park is surrounded by lush forests and meadows, making it a great spot for wildlife watching. Visitors can also enjoy the scenic views of the nearby river and valley.

Begin Park is a beautiful outdoor space located in a small town in Minnesota. It features a large pond, walking trails, and plenty of open space for picnicking and playing. The park also has a playground, tennis courts, and a basketball court. There are also several picnic shelters and a pavilion for larger gatherings. The park is a great place to relax and enjoy the outdoors, and it's a popular spot for families and friends to gather.

Elm Grove Park is a beautiful outdoor attraction located in New Hope, Minnesota. It features a large pond surrounded by lush trees and green grass, perfect for picnics and outdoor activities. There are plenty of trails for walking, biking, and running, as well as a playground for children. The park also has a pavilion for hosting events, and a fishing pier for anglers. With its peaceful atmosphere and stunning scenery, Elm Grove Park is the perfect place to relax and enjoy nature.

Fred Sims Park is a picturesque outdoor area located on the banks of the Mississippi River. Visitors can enjoy a variety of activities such as fishing, boating, picnicking, and hiking. The park also features a playground, a basketball court, and a disc golf course. There is also a large pavilion with picnic tables and grills for visitors to use. The park is surrounded by lush green trees and offers stunning views of the river.

Lions Park is a beautiful outdoor area located in a small town in Minnesota. It features a variety of activities for visitors of all ages. The park has a large playground with swings, slides, and climbing structures, as well as a basketball court, a sand volleyball court, and a picnic area. There is also a walking path that winds through the park and a pond with a fountain. The park is a great place to spend a day with family and friends, or just to relax and enjoy the outdoors.

Sunnyside Park is a beautiful outdoor area located in New Hope, Minnesota. It features a large lake, walking trails, and a variety of outdoor activities. There is a playground for children, picnic tables, and a gazebo for relaxing. The park also offers a variety of sports fields, including baseball, softball, and soccer. The lake is stocked with fish, and visitors can rent boats or canoes to explore the lake. The park is a great place to spend a day outdoors, enjoying the fresh air and beautiful scenery.

Liberty Park is a beautiful outdoor destination located in a small town in Minnesota. It features a variety of activities for visitors to enjoy, including a large playground, walking trails, picnic areas, and a fishing pond. The park also has a variety of wildlife, including birds, deer, and other small animals. The park is surrounded by lush green trees and offers stunning views of the surrounding countryside. Visitors can also enjoy a variety of events and activities throughout the year, such as outdoor concerts, festivals, and more.

New Hope, Minnesota area median rent change by ZIP code map

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How does New Hope compare to other cities in Minnesota?

citymedian price
Newport$2,480
Crystal$1,835
Lexington$1,790
Hopkins$1,625
Spring Lake Park$1,495

Average household income in New Hope area graph - US Census

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The median household income in New Hope in 2021 was $64,929. This represents a 25.8% change from 2011 when the median was $51,593.

#categorypercent
0Less than $10,0004.1%
1$10,000 to $14,9993.9%
2$15,000 to $19,9993.6%
3$20,000 to $24,9996.5%
4$25,000 to $29,9994.2%
5$30,000 to $34,9993.8%
6$35,000 to $39,9995.9%
7$40,000 to $44,9995.1%
8$45,000 to $49,9994.1%
9$50,000 to $59,9998.0%
10$60,000 to $74,9999.6%
11$75,000 to $99,99910.3%
12$100,000 to $124,99910.6%
13$125,000 to $149,99910.7%
14$150,000 to $199,9994.7%
15$200,000 or more4.8%

Neighborhoods in New Hope

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in New Hope is $1,681.
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