Housing & Real Estate — New Hope, Minnesota
Overview
| Total Housing Units | 9,417 |
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| Occupied | 9,114 |
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| Vacant | 303 |
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| Owner-Occupied | 4,782 |
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| Renter-Occupied | 4,332 |
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| Median Home Value (Census) | $337,000 |
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| Estimated 2026 | ~$395,000 |
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| Median Rent | $1,306/mo |
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| Median Property Tax | $4,378/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 20.2% |
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| Severely Rent-Burdened | 45.5% |
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Housing Age
| Built 2010 or later | 403 |
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| Built 2000-2009 | 544 |
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| Built 1990-1999 | 204 |
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| Built before 1960 | 1,298 |
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| Median Year Built | 1968 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
