New Hope, MN
Population 21,402 · Minnesota
About New Hope, MN
New Hope is a mid-sized city in Minnesota with a population of 21,402 residents. The median household income is $73,698 per year, which is above the national average. The median age in New Hope is 41 years.
Housing in New Hope has a median home value of $314,600 and median monthly rent of $1,306. Of the 9,417 total housing units, the majority are owner-occupied, with 4,782 owner-occupied and 4,332 renter-occupied units.
The unemployment rate in New Hope is 5.3% and the poverty rate is 11.7%. 36.7% of residents hold a bachelor's degree or higher. The average commute time is 21.1 minutes.
Cost of Living in New Hope, MN
Compared to national averages, New Hope has a median household income of $73,698 (2% below the national median of $75,149). Home values average $314,600, which is 28% above the national median. Monthly rent at $1,306 is 12% above the US average of $1,163. Within Minnesota, New Hope's income is 1% below the state average of $74,221, and home values are 54% above the state median of $204,472.
Why Live in New Hope, MN?
New Hope offers a well-educated community where 36.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.7%, better than the national average, and short commute times averaging just 21.1 minutes.
Potential considerations include median household income ($73,698) that falls below the national average. However, New Hope’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Hope has a population of 21,402 with a median age of 41 years. Compare New Hope with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near New Hope
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Otsego | 21,358 | $127,219 | $367,200 | Compare |
| Willmar | 21,136 | $63,368 | $186,000 | Compare |
| West St. Paul | 21,076 | $70,738 | $281,800 | Compare |
| Lino Lakes | 21,847 | $121,800 | $385,000 | Compare |
| Golden Valley | 21,927 | $114,435 | $423,500 | Compare |
| Columbia Heights | 22,016 | $74,688 | $259,900 | Compare |
| Hastings | 22,050 | $92,940 | $294,100 | Compare |
| Forest Lake | 20,678 | $89,879 | $375,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Hope
What is the population of New Hope, MN?
The population of New Hope, MN is 21,402 according to the latest Census data.
What is the median household income in New Hope?
The median household income in New Hope, MN is $73,698 per year.
What is the median home value in New Hope?
The median home value in New Hope, MN is $314,600.
What is the average rent in New Hope?
The median monthly rent in New Hope, MN is $1,306.
What is the unemployment rate in New Hope?
The unemployment rate in New Hope, MN is 5.3%.