New Hope, MN Real Estate
According to census data in the year 2000 there were 8,744 housing units in New Hope.
This represents a 0.6% decline from 8,795 in 1990.
Of those housing units, 8,744 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New Hope is about 56.1%.
New Hope's vacancy rate, including seasonal lodging, is about 0.9%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in New Hope were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.80% |
| One Bedroom | 23.90% |
| Two Bedrooms | 21.50% |
| Three Bedrooms | 35% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $136,600 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $708 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 10.80% |
| Home Equity Loan | 12.50% |
| Simple Mortgage | 51.30% |
| Debt Free | 25% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
