Minnesota · Census place 45628
New Hope city, MN
Quick answer
New Hope city has 21,402 residents, ranking #54 of 914 places in Minnesota. Median household income is $73,698, the median home is worth $314,600 and median gross rent runs $1,306 a month.
- Population
- 21,402New Hope city residents
- Median household income
- $73,698Past 12 months, inflation adjusted
- Median home value
- $314,600Owner-occupied units
- Median gross rent
- $1,306Rent plus utilities, monthly
- Median age
- 41 yrsAll residents
- Homeownership rate
- 52.5%Owner-occupied households
What the numbers mean in New Hope city
Housing cost measured against local earnings.
A household earning the New Hope city median would spend about 21.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.7% of residents and 52.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Columbia Heights city 22,016
- Golden Valley city 21,927
- Lino Lakes city 21,847
- Otsego city 21,358
- Willmar city 21,136
- West St. Paul city 21,076
- Forest Lake city 20,678
Keep going
More Minnesota coverage.