New Hope 85 Exceptional
New Hope Livability #11 ranked city in Minnesota#404 ranked city in the USARanks better than 98% of areas

Pros and Cons of Living in New Hope

PROS
  • Amenities

    A wealth of amenities, such as restaurants, coffee shops, grocery stores, parks and fitness facilities, are all conveniently located within walking distance.

  • Commute

    An elevated score in the commute category points to excellent public transit accessibility and shorter-than-average work commute times in this area.

  • Housing

    High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.

  • Health & Safety

    Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.

CONS
  • Nothing Found

    There are no cons to mention for this area, as all of the categories were rated above average.

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What's it like Living in New Hope?

New Hope, Minnesota is a mid-sized city with a population of 20,913 people. New Hope has a population density of 4,135 people per square mile. This would be considered well above the national population density level. If we look at the most recent Census, New Hope is known to have a predominantly White population. The next two most common races are Black and Asian.

If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the town before actually living in New Hope, Minnesota. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in New Hope and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, cost of living, health & safety, education, employment and other important metrics.

New Hope has a livability score of 83 out of 100 and is ranked #16 in Minnesota and #665 in the USA. Compared to the national average, New Hope ranks among some of the best places to live in the country! New Hope has also earned the rare honor of ranking in the top 10 percentile among all cities. For each of the livability categories, we see that New Hope ranks very well for amenities (A+), education (B), employment (B-) and housing (A).

Living in New Hope offers many benefits and offers an extensive array of local amenities. These amenities play a crucial role in enhancing the quality of life in this vibrant community. From readily accessible grocery stores to charming coffee shops, diverse dining options and generously spaced parks, New Hope provides a wide spectrum of resources for its residents. This ensures that your daily requirements are effortlessly met and creates abundant opportunities for leisure and recreation. The abundant local offerings contribute to the area's overall appeal, making it an attractive destination for those seeking convenience, variety and a fulfilling lifestyle. If you're considering a move, the wealth of local amenities continues could be a defining feature of this remarkable locale.

The New Hope unemployment rate of 2.68% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.

A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. New Hope excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.

Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to New Hope is real estate affordability. Median real estate prices in New Hope come in at $235,600, which is 23% higher than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In New Hope, the home price to income ratio is 3.9, which is 30% higher than the Minnesota average.

Best Places to Live in and Around New Hope

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How Do You Rate The Livability In New Hope?

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Compare New Hope, MN Livability

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      New Hope transportation information

      Statistic New Hope Minnesota National
      Average one way commute22min23min26min
      Workers who drive to work80.0%78.0%76.4%
      Workers who carpool8.1%8.7%9.3%
      Workers who take public transit2.4%3.5%5.1%
      Workers who bicycle0.0%0.8%0.6%
      Workers who walk2.4%2.8%2.8%
      Working from home6.2%5.3%4.6%
      Source: The New Hope, MN data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).