Rental market snapshot for New Hope, Minnesota

New Hope, Minnesota Rental Property Market Overview

The average rent for an apartment in New Hope is $1,985. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 4.7% over the past year.

New Hope, Minnesota is a city located in the northwestern Twin Cities metropolitan area. The city is a first-ring suburb of Minneapolis and is bordered by the cities of Brooklyn Park, Crystal, and Golden Valley. As of the 2010 census, the city had a population of 20,339.

Last Updated December 23, 2022

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

  • The most expensive ZIP Code in New Hope is 55428 with an average price of $1,805
  • The cheapest ZIP Code in New Hope is 55427 with an average price of $1,250

New Hope ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
155428$1,805
255427$1,620

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

Dorothy Mary Park is a beautiful park located on the banks of the Mississippi River. The park features a variety of amenities including a playground, picnic areas, a walking trail, and a fishing pier.

Civic Center Park is a beautiful park located in the heart of New Hope. The park features a large pond, walking trails, and a playground. The New Hope Pool is a popular attraction for both locals and visitors. The pool is heated and features a diving board, slides, and a kiddie pool.

Northwood Park is a beautiful park located on the banks of the Mississippi River. The park features a variety of amenities including a playground, picnic areas, a walking trail, and a fishing pier.

Begin Park is a small city park located in the center of New Hope, Minnesota. The park features a playground, picnic tables, and a small pond.

Hidden Valley Park is a beautiful park located in the city of New Hope, Minnesota. The park is home to a variety of different plant and animal species, as well as a variety of different hiking trails. The park also has a playground and a picnic area, making it the perfect place to spend a day with family or friends.

Elm Grove Park is a beautiful park located on the banks of the Mississippi River. The park features a large playground, a picnic area, a walking trail, and a scenic overlook of the river.

Fred Sims Park is a small park located in the center of New Hope, Minnesota. The park features a playground, a picnic area, and a small pond. The pond is home to ducks and geese, and is a popular spot for fishing.

Lions Park is a beautiful park located on the Mississippi River. The park has a playground, picnic areas, a walking trail, and a fishing pier.

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
Circle Pines$1,795
Andover$2,350
Saint Michael$2,172
Prior Lake$2,230
East Grand Forks$600
Prior Lake$2,175
Red Wing$850
Dayton$2,195
Spring Lake Park$1,677

Average household income in New Hope area graph - US Census

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The median household income in New Hope in 2021 was $60,762. This represents a 16.3% change from 2011 when the median was $52,248.

#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%

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.

Yes, but please attribute us accordingly.

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.
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