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New Hope, MN

New Hope, a town in Minnesota, has a population of just under 21,000. Families with young children can expect to fit right in, as kids under 5 make up an above-average percentage of the community, while young adults figure less prominently in the demographics. Home ownership is more common than renting in the area, and 45% of residents rent. At $953/month, the average rent is roughly equal to the state average.

New Hope has an average commute time of about 25 minutes. Driving is the most common mode of getting to work, chosen by 44% of residents, while public transit is not used widely. Walking isn't a common means of commuting to work.

There are four primary industries in New Hope: healthcare, retail, entertainment, and manufacturing. Combined, these industries account for 25% of the city's labor force. Meanwhile, in terms of job function, many residents work in sales, making it the top career path in the city. With an average annual income of almost $71,000, New Hope workers earn less than their peers elsewhere in the state. The city's average income, however, is fairly average compared to the national level of $73,345. New Hope has a relatively high concentration of college graduates compared to the national average (13%), as 17% of the city's residents over the age of 25 possess a BA, BS, or BFA. Additionally, 23% have earned a Bachelor's, Master's, Professional, or Doctoral degree.

Average Rent in New Hope

Studio1 Bed2 Bed3 Bed
Feb 20$937$1,025$1,250$1,507
Jan 209371,0301,2501,450
Dec 199379521,2501,450
Nov 199379521,0991,450
Oct 199379521,0991,450
Sep 199379521,0991,450
Aug 199379521,0991,445
Jul 199379521,0991,445
Jun 199379301,0401,445
May 199299301,0401,445
Apr 199299301,0401,445
Mar 199299259751,445
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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