Explore New Hope
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Why Live in New Hope
New Hope, Minnesota, is a first-ring suburb of Minneapolis with a population of approximately 22,000. Originally a farming community, it was incorporated as a city in 1953 and has since evolved into a bustling area supported by industries such as manufacturing, healthcare, and retail. The city features a mix of single-family homes, townhouses, and apartments, many of which are more affordable compared to neighboring suburbs like Plymouth and Maple Grove. The architecture primarily includes mid-20th-century ramblers and split-levels. New Hope is notable for its extensive outdoor spaces, with 18 parks spread over more than 200 acres, ensuring most homes are within walking distance to a park. Civic Center Park, located centrally, offers amenities such as an aquatic park, skate park, and various sports courts. The city's 42nd Avenue is a hub of activity, featuring shops, restaurants, cafes, and a bowling alley, with popular spots like Pub 42 and Hy-Vee grocery store. Residents benefit from express bus services to downtown Minneapolis and proximity to highways 169, 100, and 55. The nearest airport, Minneapolis-Saint Paul International Airport, is 23 miles away. The Robbinsdale Area School District serves New Hope, earning high marks for diversity. Crime rates in New Hope are on par with the national average. Summers are hot and humid, while winters are extremely cold and snowy, with subzero temperatures and an average of 60 inches of snow per winter.
Home Prices in New Hope, MN
The median home sale price in New Hope, MN is $360,000, up 3% year-over-year. Homes in New Hope sell in 31 days on average, compared to the national average of 56 days.
Home Price Trends
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Median Sale Price
$360,000
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Median Single Family Sale Price
$375,000
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Median Townhouse Sale Price
$245,000
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Median 2 Bedroom Sale Price
$163,650
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Median 1 Bedroom Sale Price
$120,000
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Average Price Per Sq Ft
$200
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Number of Homes for Sale
44
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Last 12 months Home Sales
213
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Months of Supply
2.50
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Median List Price
$350,000
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
3%
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