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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Sign upAverage 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 code | average rent |
|---|---|---|
| 1 | 55428 | $1,805 |
| 2 | 55427 | $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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Sign upHow does New Hope compare to other cities in Minnesota ?
| city | median 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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Sign upThe 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.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 4.1% |
| 1 | $10,000 to $14,999 | 3.9% |
| 2 | $15,000 to $19,999 | 3.6% |
| 3 | $20,000 to $24,999 | 6.5% |
| 4 | $25,000 to $29,999 | 4.2% |
| 5 | $30,000 to $34,999 | 3.8% |
| 6 | $35,000 to $39,999 | 5.9% |
| 7 | $40,000 to $44,999 | 5.1% |
| 8 | $45,000 to $49,999 | 4.1% |
| 9 | $50,000 to $59,999 | 8.0% |
| 10 | $60,000 to $74,999 | 9.6% |
| 11 | $75,000 to $99,999 | 10.3% |
| 12 | $100,000 to $124,999 | 10.6% |
| 13 | $125,000 to $149,999 | 10.7% |
| 14 | $150,000 to $199,999 | 4.7% |
| 15 | $200,000 or more | 4.8% |
