Market Summary

New Hope, Hennepin County, MN

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Median Home Price Price

$329,955 $330K

Median Monthly Rent Rent

$1,525 $1.5K

GRM

18.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Hennepin County

Region Price Rent GRM Display
Maple Grove
$404,785 $2,199 15.0x
Golden Valley
$409,558 $1,525 22.0x
Bloomington
$342,862 $1,526 19.0x
Crystal
$302,471 $1,525 17.0x
Medina
$791,257 $1,523 43.0x
Plymouth
$484,208 $1,520 27.0x
Minnetrista
$655,708 $1,516 36.0x
Eden Prairie
$472,913 $2,178 18.0x
Osseo
$288,052 $2,084 11.0x
Saint Louis Park
$363,706 $1,520 20.0x
Richfield
$326,343 $1,537 18.0x
Brooklyn Center
$286,608 $1,523 16.0x
Robbinsdale
$297,534 $1,522 16.0x
Corcoran
$587,231 $1,525 32.0x
Champlin
$353,494 $1,960 15.0x
Saint Bonifacius
$354,823 $1,415 21.0x
Minneapolis
$313,340 $1,890 14.0x
Hopkins
$314,196 $1,965 13.0x

Home prices

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Monthly rent

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GRM

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Similar markets within MN outside of Hennepin County

Region Price Rent GRM Display
West Saint Paul, Dakota County, MN
$300,220 $1,546 16.0x
Gem Lake, Ramsey County, MN
$580,043 $1,536 31.0x
Hastings, Dakota County, MN
$320,145 $1,380 19.0x
Falcon Heights, Ramsey County, MN
$390,845 $1,526 21.0x
South Saint Paul, Dakota County, MN
$281,668 $1,405 17.0x
White Bear Lake, Ramsey County, MN
$335,531 $1,531 18.0x
Inver Grove Heights, Dakota County, MN
$357,608 $1,667 18.0x
Burnsville, Dakota County, MN
$351,158 $1,802 16.0x
Lake Saint Croix Beach, Washington County, MN
$319,167 $1,536 17.0x
Coon Rapids, Anoka County, MN
$311,850 $1,538 17.0x
Cottage Grove, Washington County, MN
$379,706 $2,059 15.0x
Ramsey, Anoka County, MN
$368,733 $1,523 20.0x
Pine Springs, Washington County, MN
$569,341 $1,533 31.0x
Hugo, Washington County, MN
$415,959 $2,039 17.0x
Blaine, Anoka County, MN
$366,390 $1,517 20.0x
Oakdale, Washington County, MN
$332,201 $1,540 18.0x
Newport, Washington County, MN
$321,063 $1,314 20.0x
Hampton, Dakota County, MN
$336,563 $1,307 22.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of MN

Region Price Rent GRM Display
Addis, West Baton Rouge Parish, LA
$235,449 $1,476 13.0x
Hyrum, Cache County, UT
$419,961 $1,455 24.0x
Kiefer, Creek County, OK
$235,232 $1,359 14.0x
Tremonton, Box Elder County, UT
$411,317 $1,440 24.0x
Destrehan, Saint Charles Parish, LA
$288,085 $1,431 17.0x
Alexandria, Campbell County, KY
$317,357 $1,492 18.0x
Lyons, Marion County, OR
$462,912 $1,520 25.0x
Newburg, Charles County, MD
$417,888 $1,418 25.0x

Home prices

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Monthly rent

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GRM

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New Hope

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Trend Insights

Median Rent in New Hope, MN is $1,525, with MoM change +$14 and YoY change +$82 pointing to positive momentum while volatility is low (std $19).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against New Hope, MN.

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Metric
Base market New Hope, MN
Compare market Select a market
Delta vs base
Median rent
$1,525
N/A
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Median price
$329,955
N/A
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YoY change
+$82
N/A
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Price-to-rent
18.0x
Data unavailable
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