Home prices
The median home price in New Hope is $225,100. In comparison to nearby areas this is approximately $128,360 (36%) lower.It is approximately $7,600 (3%) higher in comparison to the entire country, and in comparison to the city of Minneapolis it is roughly $26,500 (10%) lower.
Rents
New Hope's median monthly rent is $1,034. In comparison to its nearby areas this is about $112 (9%) lower.In comparison to the rest of the nation it is roughly $28 (2%) lower, and in comparison to the city of Minneapolis is is very similar.
Nearby places
Crystal
Crystal is New Hope's neighbor to the east. Housing prices there are a little less expensive. The median home in Crystal costs $197,300, which is $27,800 (14%) lower than New Hope. Rent there is somewhat more expensive. In Crystal the median monthly rent is $1,099, which works out to $65 (5%) higher than New Hope.
Golden Valley
Golden Valley is New Hope's neighbor to the south. Housing prices there are a little more expensive. Golden Valley's median home value is $304,700, which is $79,600 (26%) higher than New Hope. Its rents are a bit more expensive. In Golden Valley the median monthly rent is $1,349, which is $315 (23%) higher than New Hope.
Plymouth
Plymouth is New Hope's neighbor to the west. Its real estate prices are a lot more expensive. The median home in Plymouth costs $351,700, which works out to $126,600 (35%) higher than New Hope. Rent there is somewhat more expensive. Plymouth's median rent is $1,355 per month, which is $321 (23%) higher than New Hope.
Robbinsdale
Robbinsdale is roughly 2 miles east from New Hope. The housing prices there are a bit less expensive. The cost of the median home in Robbinsdale is $201,100, which is $24,000 (11%) lower than New Hope. Its rents are somewhat less expensive. The median monthly rent in Robbinsdale is $982, which comes out to $52 (5%) lower than New Hope.
Medicine Lake
Medicine Lake is approximately 2 miles southwest from New Hope. The real estate prices there are significantly more expensive. The median home in Medicine Lake costs $712,500, which is $487,400 (68%) higher than New Hope. The rent there is somewhat less expensive. In Medicine Lake the median monthly rent is $944, which works out to $90 (9%) lower than New Hope.
