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44% Rent
vs
56% Own
Renter's Cost vs. Income
Last Updated October 2023
Average Monthly Rent (Census)
Last Updated October 2023
The breakdown of people who rent in New Hope, MN is 44% renters and 56% owners. The monthly average cost of rent in New Hope is $1,132 per month and the yearly average income is $84,652 per year. This compares to an average rent of $826 in MN and $1,003 in the US. This data was last updated in October 2023
Commuting to Work
Last Updated October 2023
Residents of New Hope, MN spend an average of 21.6 minutes commuting to work. 44% have short commutes under 20 minutes, 54% travel between 20 and 60 minutes, and 2% face longer journeys exceeding an hour, reflecting varying levels of accessibility and distance.
In New Hope, MN, 2% of residents rely on public transportation, 3% commute on foot, 0% use bicycles, and 95% opt for other modes such as cars and ride-sharing.
What is the average rating of a community in New Hope?
The average rating is 3/5 stars.
What is the average price for a 1 Bedroom + 1 Bathroom in New Hope?
The average price is $1,234.53.
What is the average price for a 2 Bedrooms + 2 Bathrooms in New Hope?
The average price is $1,899.50.
What is the average price for a Studio + 1 Bathroom in New Hope?
The average price is $1,117.50.
What is the average monthly rent for New Hope?
Based on 2023 city data, the average monthly rent is $1,132.00.
What is the average commute time?
Based on 2017 city data, the average commute is 21.6 mins.