New Hope

New Hope

Located in Hennepin County

$343,155 Average Value
$187 Average Price per Sq Ft
34 Homes For Sale

From a farming community to a bustling Minneapolis suburb

New Hope, Minnesota is a first-ring suburb of Minneapolis with a population of about 22,000. The city’s roots are as a farming community, but incorporated as a city in 1953, growing rapidly from 2,500 residents in 1958 to 24,000 in 1971. Since then, the suburb has become a bustling community supported by a number of industries, particularly manufacturing, healthcare and retail. “It’s busy,” Realtor Dan Salamone of LPT Realty says of New Hope. “There’s a lot of restaurants and shops, a lot of houses. But you don’t have to go too far to get to anything. There are a lot of things to do in a very small area.”

Basset Creek Regional Trail offers seven miles of paved trail that stretches over four suburbs.
Basset Creek Regional Trail offers seven miles of paved trail that stretches over four suburbs.
There are over 21,000 residents living in New Hope, Minnesota.
There are over 21,000 residents living in New Hope, Minnesota.
New Hope residents love tree-line streets and quiet neighborhoods.
New Hope residents love tree-line streets and quiet neighborhoods.
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New Hope offers more affordable homes than its neighbors

New Hope has a mix of single-family homes, townhouses and apartments, many of which are more affordable than other nearby suburbs. The median home price in New Hope is $367,000, while it’s $460,000 in neighboring Plymouth and $464,000 in nearby Maple Grove. “The way the houses are priced is kind of entry-level. There are a lot of starter homes and a lot of first-time homebuyers in the area,” Salamone says. Most of New Hope was built up in the mid-20th century and the architecture reflects that, with lots of ramblers and split-levels. Most homes range between $200,000 and $450,000, depending on age and size.

Late-20th century split-level-style homes are a common house type in New Hope.
Late-20th century split-level-style homes are a common house type in New Hope.
Rambler-style homes offer classic charm along Boone Avenue.
Rambler-style homes offer classic charm along Boone Avenue.
Newer homes off of Winnetka Avenue feature smaller city lots with tuck-under garages.
Newer homes off of Winnetka Avenue feature smaller city lots with tuck-under garages.
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Most New Hope homes are within walking distance to a park

Salamone says the outdoor space in New Hope is one of the things that makes it special. There are 18 parks in New Hope spread over more than 200 acres, and most homes in the city are within a quarter mile of a city park. Some of these are small neighborhood parks like Corner Park, which has a playground and a basketball court, while others are bigger parks, like Civic Center Park. Located in the heart of New Hope, Civic Center Park houses the city government buildings, an aquatic park with a pool and water slides, a skate park, a playground and basketball, tennis and volleyball courts.

Sonnesyn Elementary School enrolls over 350 students in preschool and grades K-5.
Sonnesyn Elementary School enrolls over 350 students in preschool and grades K-5.
The student population of Robbinsdale Middle is 685 and the school serves 6-8th grade.
The student population of Robbinsdale Middle is 685 and the school serves 6-8th grade.
Robbinsdale Cooper Senior High School enrolls over 1,700 students in grades 9-12.
Robbinsdale Cooper Senior High School enrolls over 1,700 students in grades 9-12.
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New Hope’s 42nd Avenue features shops, restaurants

Much of New Hope is residential, but there are a few main thoroughfares where residents can dine out and shop. Salamone says 42nd Avenue is a hot spot of activity, and home to his favorite New Hope restaurant. “I like going to Pub 42,” he says. “It’s a nice bar and restaurant, and a good place to go and hang out. It’s a pretty fun spot.” There are also cafes, a Mexican restaurant, a bowling alley and more on that street, including grocery store Hy-Vee.

Northwood Park provides outdoor amenities such as a pavilion, play area, trails & a lake.
Northwood Park provides outdoor amenities such as a pavilion, play area, trails & a lake.
Northwood Park is the perfect place for a stroll with your pup.
Northwood Park is the perfect place for a stroll with your pup.
Northwood Park has a lot of wildlife creatures visit Northwood Lake year round.
Northwood Park has a lot of wildlife creatures visit Northwood Lake year round.
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Express bus and highway access to Minneapolis

Metro Transit has several local bus routes in New Hope and offers express bus services to downtown Minneapolis. New Hope is also close to state highways 169, 100 and 55 – all of which connect to Minneapolis. The nearest airport is Minneapolis-Saint Paul International Airport, 23 miles away.

There are a lot of chained restaurants & businesses on 42nd Ave. in the New Hope neighborhood.
There are a lot of chained restaurants & businesses on 42nd Ave. in the New Hope neighborhood.
Enjoy classic diner ambience and home-style cooking at Papa's Cafe.
Enjoy classic diner ambience and home-style cooking at Papa's Cafe.
New Hope residents visit the local Pub 24 bar for the latest sports game and hot fresh food.
New Hope residents visit the local Pub 24 bar for the latest sports game and hot fresh food.
Pub 42 serves up traditional American bar fare in a family-friendly atmosphere.
Pub 42 serves up traditional American bar fare in a family-friendly atmosphere.
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Robbinsdale Area Schools are sixth-most diverse in Minnesota

New Hope students are part of the Robbinsdale Area School District, which earns a B-minus rating overall from Niche, and an A-plus in diversity. It’s the sixth-most diverse school district in the state. There are 12 elementary schools, including specialty magnets and a Spanish immersion school, four middle schools and two high schools.

Important to know

New Hope receives a 4 for its CAP Index crime score, which is on par with the national average.
Summers in New Hope are hot and humid, while winters are extremely cold and snowy. Subzero temperatures are not uncommon, and the area sees an average of 60 inches of snow per winter.

Locals take I-394 to travel to downtown Minneapolis and other neighboring cities.
Locals take I-394 to travel to downtown Minneapolis and other neighboring cities.
Residents can take route 169 to travel North and South out of New Hope.
Residents can take route 169 to travel North and South out of New Hope.
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Written By
Tanner Harding
Jeff Karels
Photography Contributed By
Jeff Karels
Bradley K Cornelius
Video By
Bradley K Cornelius

Interested in learning more about homes in this area? Reach out to Christopher Broz, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

New Hope Housing Trends

Housing Trends

Median List Price
$350,000
Median Sale Price
$351,000
Median Single Family Sale Price
$360,000
Median Townhouse Sale Price
$299,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
217
Median Home Sale Price YoY Change
$5
Average Price Per Sq Ft
$187

Neighborhood Facts

Number of Homes for Sale
34
Months of Supply
1.90

Open Houses

  • Sunday, Jun 15
    2 - 4pm

    3466 Yukon Ave N, New Hope, MN 55427

    $450,000

    • 5 Beds
    • 4 Baths
    • 2,564 Sq Ft
    • 3466 Yukon Ave N
    • New 3 days ago

    Step into this one-of-a-kind four-level home that blends mid-century modern charm with creative, artistic touches throughout. From the moment you enter, you'll be welcomed by the fantastic spaces and thoughtful layout designed for both comfort and inspiration.The main level welcomes you with an abundance of windows and natural light in the living room featuring beautiful hardwood floors, a

    Greg Cutshall Edina Realty, Inc.

  • Sunday, Jun 15
    11am - 1pm

    4708 Virginia Ave N, New Hope, MN 55428

    $385,000

    • 3 Beds
    • 3 Baths
    • 2,143 Sq Ft
    • 4708 Virginia Ave N
    • New 8 days ago

    Introducing this one-story rambler home that features great entertaining spaces inside and out! Spectacular outdoor living in the spacious backyard with a concrete patio and beautiful landscaping throughout the yard. Walk in through the charming front door that leads to the entry way with coat closet. Then turn right into remodeled kitchen with tile floors, quartz countertops, glass backsplash,

    Erica Severin Coldwell Banker Realty

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

New Hope Has More Owners

Demographics

Total Population
21,208
Median Age
40
Population Density
28 ppl/acre
Population under 18
23.7%
On par with the national average
23.8%
Population over 65
19.7%
On par with the national average
19.1%

Finances

Median Household Income
$67,019
Below the national average
$71,702
Average Household Income
$87,694

Education and Workforce

High School Graduates
93.5%
College Graduates
33.2%
Advanced Degrees
7.7%
Below the national average
13.3%
% Population in Labor Force
70.8%
Above the national average
65.1%

Weather

Annual Precipitation
31''
Average Winter Low Temperature
7°F
Average Summer High Temperature
83°F
Annual Snowfall
59''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
New Hope