Home › States › Minnesota › New Hope
The median home value in New Hope, MN is $356,089 as of 2026-07-31, up 2.85% from a year earlier.
Median Home Value
$356,089
Year-over-Year
+2.85%
Population
20,319
New Hope ranks #56 of 112 Minnesota cities tracked here by median home value, and sits in line with the state's city median of $355,920. It sits in Hennepin County, where the county-wide median is $394,800.
Median household income in New Hope is $77,662, so the typical home value is about 4.6× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
New Hope police recorded a violent crime rate of 172 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,959 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In New Hope, that value is $356,089. That's up 2.85% from a year earlier. It is in line with the typical Minnesota city tracked here.
Homes in New Hope are cheaper than Hennepin County as a whole, where the median is $394,800 — a difference of about 9.8%.
Median household income here is $77,662, so the typical home value is about 4.6× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
New Hope police reported 172 violent crimes per 100,000 residents, covering a population of about 20,319. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
White Bear Lake · Oakdale · North Branch · New Prague · Belle Plaine · Brooklyn Park · Richfield · Maplewood