New Hope, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, New Hope, Minnesota had a total population of 21,181, the 57th largest city in Minnesota, with a median household income of $77,662, which is 13% lower than the state average. The poverty rate is 10.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
New Hope Quick Facts
How New Hope Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 21,402 | 21,181 | -1.0% |
| Median household income | $73,698 | $77,662 | +5.4% |
| Median home value | $314,600 | $337,000 | +7.1% |
How New Hope Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
New Hope Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis | 427,246 | $80,846 | 16.0% | $362,200 |
| Bloomington | 88,665 | $93,211 | 9.2% | $361,700 |
| Brooklyn Park | 83,876 | $89,891 | 9.5% | $336,200 |
| Plymouth | 79,220 | $136,534 | 4.3% | $491,200 |
| Maple Grove | 71,173 | $132,731 | 4.0% | $418,300 |
| Eden Prairie | 63,051 | $130,489 | 4.6% | $473,900 |
| Edina | 53,262 | $128,767 | 4.7% | $646,300 |
| Minnetonka | 53,064 | $119,517 | 5.9% | $475,800 |
| St. Louis Park | 49,594 | $101,648 | 6.9% | $386,800 |
| Richfield | 36,642 | $85,132 | 8.2% | $344,000 |
Cities Similar to New Hope
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Northfield | 20,742 | $84,895 | $329,400 | 53.3% | 8.8% |
| Columbia Heights | 22,155 | $73,691 | $277,600 | 32.5% | 16.3% |
| West St. Paul | 21,382 | $68,464 | $301,300 | 35.5% | 8.8% |
| South St. Paul | 20,611 | $87,994 | $281,600 | 32.5% | 8.3% |
| Sartell | 19,758 | $84,131 | $297,300 | 40.9% | 7.4% |
Population Overview
New Hope is a small city located in Minnesota, within Hennepin County. The total population is 21,181. It ranks as the 57th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in New Hope is 40.5 years. This is 4% higher than the state median of 38.8 years.
Economy, Income & Housing
The median household income in New Hope is $77,662. This is 13% lower than the state median of $89,062. It is also 4% lower than the national median of $80,734. The poverty rate stands at 10.8%. This is 16% higher than the state poverty rate of 9.3%. The unemployment rate is 5.0%. This is 24% higher than the state rate of 4.1%. The median home value is $337,000. Housing costs are 2% higher than the state median of $329,300. The home-value-to-income ratio is 4.3x. 52.6% of occupied housing units are owner-occupied. This homeownership rate is 27% lower than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in New Hope is White (non-Hispanic), making up 55.6% of the population. Black or African American residents account for 25.1%. The Black or African American population is significantly higher than the state average (25.1% vs 7.0%). The Hispanic or Latino population is significantly higher than the state average (10.3% vs 6.4%).
Education
36.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 8% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.7%.
Data Sources & Methodology
All demographic data for New Hope, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of New Hope, Minnesota?
New Hope, Minnesota has a population of 21,181 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Hope, MN?
The median household income in New Hope is $77,662, which is 4% lower than the national median of $80,734.
What is the poverty rate in New Hope, MN?
The poverty rate in New Hope is 10.8%. This means approximately 2,194 residents live below the federal poverty line.
What is the racial makeup of New Hope, Minnesota?
New Hope's population is 55.6% White, 25.1% Black, 10.3% Hispanic/Latino, and 3.1% Asian.
What is the median home value in New Hope, MN?
The median home value in New Hope is $337,000. The home-value-to-income ratio is 4.3x.
How educated is New Hope, Minnesota?
36.1% of adults (25+) in New Hope hold a bachelor's degree or higher, and 10.8% hold a graduate or professional degree.