New Hope

Population: 21,402
Median household income: $73,698
Median home value: $314,600

Located in Hennepin County, Minnesota, New Hope is a community with a population of 21,402. Its median household income of $73,698 runs below the Hennepin County figure of $96,339.

Between 2019 and 2023, New Hope's population grew 2.3% from 20,925 to 21,402, while its median home value rose 39.8% from $225,100 to $314,600.

11.7% of residents live below the poverty line. Households average 2.25 people.

Demographics

ACS 2019–2023

Population: 21,402
Median age: 41.0 yrs
Median household income: $73,698
Median home value: $314,600
Median gross rent: $1,306
Housing units: 9,417
Homeownership rate: 52.5%
Bachelor's degree or higher: 36.7%
Unemployment rate: 5.3%

Trends

ACS 5-year · 2019–2023

Population

20,92521,402

Median household income

$60,675$73,698

Median home value

$225,100$314,600

Median gross rent

$1,034$1,306

Year	Population	Median household income	Median home value	Median gross rent
2019	20,925	$60,675	$225,100	$1,034
2020	20,913	$60,762	$235,600	$1,084
2021	21,683	$64,929	$249,600	$1,132
2022	21,620	$69,244	$294,600	$1,230
2023	21,402	$73,698	$314,600	$1,306

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.7%

5 to 1715.0%

18 to 245.5%

25 to 3415.5%

35 to 4413.8%

45 to 5412.2%

55 to 6413.1%

65 to 748.6%

75 and over9.5%

	Count	Share
Under 5	1,439	6.7%
5 to 17	3,212	15.0%
18 to 24	1,180	5.5%
25 to 34	3,328	15.5%
35 to 44	2,959	13.8%
45 to 54	2,609	12.2%
55 to 64	2,812	13.1%
65 to 74	1,834	8.6%
75 and over	2,029	9.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	12,705	59.4%
Black or African American	5,690	26.6%
American Indian & Alaska Native	65	0.3%
Asian	622	2.9%
Native Hawaiian & Pacific Islander	31	0.1%
Some other race	128	0.6%
Two or more races	894	4.2%
Hispanic or Latino (any race)	1,267	5.9%

Educational attainment (age 25+)

No high school diploma6.0%

High school graduate24.8%

Some college or associate's32.6%

Bachelor's degree26.2%

Graduate or professional degree10.5%

	Count	Share
No high school diploma	934	6.0%
High school graduate	3,857	24.8%
Some college or associate's	5,072	32.6%
Bachelor's degree	4,072	26.2%
Graduate or professional degree	1,636	10.5%

Commute to work

Mean travel time to work: 21 min

Drove alone73.4%

Carpooled7.7%

Public transit1.0%

Walked1.4%

Bicycle0.1%

Worked from home14.3%

Other means2.1%

How workers get to work

	Count	Share
Drove alone	8,079	73.4%
Carpooled	849	7.7%
Public transit	114	1.0%
Walked	154	1.4%
Bicycle	8	0.1%
Worked from home	1,569	14.3%
Other means	231	2.1%

Travel time

	Count	Share
Under 15 min	2,471	26.2%
15 to 29 min	4,833	51.2%
30 to 44 min	1,531	16.2%
45 to 59 min	439	4.7%
60+ min	161	1.7%

Households

Average household size: 2.25
Poverty rate: 11.7% (2,409 of 20,652)

	Count	Share
Family households	5,402	59.3%
Nonfamily households	3,712	40.7%

Housing

Median year structure built: 1969

Occupancy

	Count	Share
Occupied	9,114	96.8%
Vacant	303	3.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	4,782	52.5%
Renter-occupied	4,332	47.5%

1-unit, detached44.3%

1-unit, attached6.5%

2 to 4 units1.9%

5 to 19 units15.3%

20 or more units31.9%

Mobile home & other0.2%

Units in structure

	Count	Share
1-unit, detached	4,169	44.3%
1-unit, attached	611	6.5%
2 to 4 units	175	1.9%
5 to 19 units	1,440	15.3%
20 or more units	3,006	31.9%
Mobile home & other	16	0.2%

Geography

Place GEOID: 2745628
Type (LSAD): 25
Land area: 5.06 sq mi
Water area: 0.06 sq mi
Center point: 45.0359, -93.3869