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New Hope, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
21,181
Population
$77,662
Median Income
$337,000
Home Value
40.5
Median Age

Demographics

New Hope has a population of 21,181 with a median age of 40.5. Here is the racial and ethnic breakdown of the population:

White
57.7%
Black
25.1%
Hispanic
10.3%
Other
3.8%
Asian
3.1%
Demographic Value
Total Population21,181
Median Age40.5
White57.7%
Black or African American25.1%
Asian3.1%
Hispanic or Latino10.3%
Other / Two or More Races3.8%
New Hope, Minnesota — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 57.7%Black: 25.1%Hispanic/Latino: 10.3%Other: 3.8%Asian: 3.1%21,181PopulationWhiteWhite57.7%BlackBlack25.1%Hispanic/LatinoHispanic/Latino10.3%OtherOther3.8%AsianAsian3.1%

Income & Economy

The median household income in New Hope is $77,662, which is 3.7% below the national median of $80,610. The per capita income is $40,928. The poverty rate is 10.7%.

$77,662
Median Household Income
$40,928
Per Capita Income
10.7%
Poverty Rate

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Education

In New Hope, 94.7% of residents age 25+ have a high school diploma or higher, and 36.1% hold a bachelor's degree or higher (10.8% with a graduate or professional degree).

HS Diploma+
94.7%
Bachelor's+
36.1%
Graduate+
10.8%
Education Level % of Adults (25+)
High School Diploma or Higher94.7%
Bachelor's Degree or Higher36.1%
Graduate or Professional Degree10.8%

Housing

The median home value in New Hope is $337,000, above the national median of $303,400. The median monthly rent is $1,335. The homeownership rate is 52.6%.

$337,000
Median Home Value
$1,335/mo
Median Rent
52.6%
Homeownership Rate
Housing Metric Value
Median Home Value$337,000
Median Monthly Rent$1,335
Homeownership Rate52.6%
Vacancy Rate3.8%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of New Hope, Minnesota?
The population of New Hope, Minnesota is 21,181 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in New Hope, Minnesota?
The median household income in New Hope, Minnesota is $77,662. This is 3.7% below the national median of $80,610.
What is the median home value in New Hope, Minnesota?
The median home value in New Hope, Minnesota is $337,000. The median monthly rent is $1,335.
What percentage of people in New Hope have a college degree?
In New Hope, Minnesota, 36.1% of adults age 25 and older hold a bachelor's degree or higher, and 94.7% have a high school diploma or higher.
Is New Hope, Minnesota an affordable place to live?
The home price-to-income ratio in New Hope, Minnesota is 4.3x (median home value $337,000 vs. median income $77,662), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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