Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Hope area can be challenging. Home prices in New Hope are now at a median cost of $249,314, lower than the Minnesota average of $269,934.
The average cost of rent is $1,136/mo in New Hope, primarily driven by the current value of real estate in the New Hope area. While nearly 39.23% of residents own their homes outright in New Hope, 41.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Hope is $6,436 per month. Households that rent pay about 17.64% of their income on rent here. New Hope's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Crystal, MN: equally priced homes
- Robbinsdale, MN: equally priced homes
- Golden Valley, MN: higher priced homes
- Medicine Lake, MN: higher priced homes
- Plymouth, MN: higher priced homes
- Brooklyn Center, MN: less expensive homes
- Brooklyn Park, MN: equally priced homes
- Maple Grove, MN: higher priced homes
- St. Louis Park, MN: higher priced homes
- Hilltop, MN: less expensive homes
Cities with Similar Populations
- St. Andrews, SC: less expensive homes
- Georgetown, SC: less expensive homes
- Grayslake, IL: equally priced homes
- Gretna, LA: less expensive homes
- Hammonton, NJ: equally priced homes
- Haslett, MI: less expensive homes
- Hatboro, PA: higher priced homes
- Hays, KS: less expensive homes
- Sedro-Woolley, WA: higher priced homes
- South San Jose Hills, CA: higher priced homes
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