There are currently 4,784 real estate properties in New Hope, MN, with a median automated valuation model (AVM) price of $309,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Hope, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Hope, MN, is $306,599.00, with the most expensive house in New Hope, MN, topping out at $7,738,100.00 and the cheapest home in New Hope, MN, clocking in at $85,700.00. In other words, there’s something for every potential homebuyer or savvy investor in New Hope, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Hope, MN, is on a rollercoaster ride. The average rent price in New Hope, MN, is $1,671.00. Indeed, when looking to rent in New Hope, MN, you can expect to pay as little as $790.00 or as much as $3,120.00, with the average rent median estimated to be $1,720.00. The good news is that finding an affordable and desirable property to rent in New Hope, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the New Hope, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in New Hope, MN and much more. Save thousands at closing with home foreclosure listings in New Hope, MN — up to 75% off market value!
New Hope is located in Hennepin, Minnesota, with an estimated municipal population of 20,907 residents. All of the best foreclosed homes for sale in New Hope are located in the following zip code areas on Foreclosure.com: 55427 55428. The estimated population per square kilometer (.62 miles) in New Hope is 1,596.
So, about how much do homes cost in New Hope? The most recent median value of resident-owned homes in New Hope is 225,190. An estimated 55.9 percent of households in New Hope own their homes, with an average family size of 3.06. The median household income in New Hope is 60,675, with28.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in New Hope, the median commute time of resident workers (in minutes) is 22.7. And last, but certainly not least, are you looking for homes to rent in New Hope? If so, the average rent price paid by renters in New Hope is 1,034, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to New Hope, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in New Hope is 39.4, split between 47.3 percent male versus 52.7 female. The percentage of residents who report being married in New Hope is 48.7, with an average family size of 3.06.
The percentage of residents who report their race in New Hope is as follows:
|Black / African American||22.4%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near New Hope? Or maybe you are searching for 55+ active adult communities in and/or near New Hope?
The percentage of residents who report their age in New Hope is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in New Hope with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in New Hope.
How do you know that living in -- or moving to -- New Hope is right where you need to be? Perhaps you grew up in New Hope or already live nearby; therefore, the decision to buy a home in New Hope is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to New Hope for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in New Hope:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like New Hope.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in New Hope can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in New Hope, meanwhile, can field multiple offers from more qualified buyers.