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Last Updated: 09/25/2022

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All About

Living In 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.

Frequently Asked Questions About New Hope

What is the average rent in New Hope?

The average rent of a studio apartment in New Hope is $1,145 per month. For a one-bedroom apartment it's $999 per month. For a two-bedroom apartment the average rent is $1,315 per month.

What is the average cost of rent for a one-bedroom in New Hope?

The average rent of a one-bedroom apartment in New Hope is $999

Are there any cheap apartments for rent in New Hope?

For the best deal, we recommend using our cheap apartments filter.

You can also filter by price: Under $800, Under $900, Under $1000, Under $1100, Under $1200

Are there any pet friendly apartments in New Hope?

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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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