New Hope community spotlight

Welcome to New Hope!

New Hope is a city in Hennepin County about 15 to 20 minutes northwest of Downtown Minneapolis. It is a smaller community with a population around 21,000 residents. It was once all farmland and a part of the farming community in Crystal Lake Township until the mid 50’s. Most of the homes in this community were built in the late 60’s and are your basic starter home size 3-4 bedrooms, 1-2 bathrooms, 1,500 to 2250 square feet. The neighborhoods in New Hope are mature, well developed, and have a variety of demographics — ranging from original owners from the late sixties to new families moving in!

Schools

New Hope is within the Robbinsdale Area School District (ISD 281). There are four schools physically located within New Hope city limits:

  • Robbinsdale Cooper High School
  • Meadow Lake Elementary School
  • Robbinsdale Spanish Immersion School
  • Sonnesyn Elementary School

All schools within the district are within close proximity to homes around the city and can accommodate all type of transportation — walkers, parent drop off, and bus.

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Restaurants

There are some great restaurants in New Hope for families to enjoy. A couple of the community favorites are:

New Hope residents know this as the old Sunshine Factory building. Pub 42 is the largest restaurant in New Hope and one with the most variety. Excellent food, huge bar, tons of TV’s, and entertainment.

Fat Nat’s Eggs specializes in breakfast food, and they do a great job at it! Be sure to get there early as they are only open until 1 or 2pm and are typically very busy on weekends.

Hy-Vee is a newer addition to New Hope, but residents come enjoy the Market Grille attached to the grocery store. Market Grille has daily specials (including half price bottles of wine on Wednesdays).

Gion is an authentic Vietnamese restaurant. Residents and visitors rave about their pho dishes.

Frankie’s is known for their Chicago style pizza. They also have a full bar and live entertainment

Entertainment

New Hope is the home of Cinema Grill which is a premier cinema restaurant. Cinema Grill offers entertainment for the whole family. They have movie showings that are kid friendly and they have a full bar that is adult friendly! Cinema Grill also regularly puts on comedy shows which feature anywhere from local to global talent.

New Hope Bowl is another great attraction offered within the confines of the city limits. New Hope Bowl offers league bowling, open bowling, and moonlight bowling (for the 21+ crowd).

Parks & Recreation

New Hope is home to 20 city parks that have a combined total of more than 200 acres of green space. The largest park is Northwood Park which is located on 38th and Boone and has an astonishing 48 acres! Northwood Park is also the site of the annual community summer festival in New Hope called Duk Duk Daze.

The New Hope City Center has a handful of recreational opportunities of all types. Civic Center Park is home to soccer playfields and an outdoor skate park. The center is also home to an outdoor theater and an outdoor community swimming pool with slides!

New Hope is a great spot for hockey fans! New Hope Ice Arena has two standard dimension rinks with a combined capacity of 3,200 fans. The Ice Arena offers an indoor walking track, open skating hours, and skating rentals.

Real Estate Available in the Community

The vast majority of homes available in New Hope are existing homes within neighborhoods established in the late 60’s to 70’s. Depending on price range and what you are looking for you can find a well updated, maintained, and move-in-ready home to an older, outdated, in-need-of-TLC home ready for your remodel ideas!

New Hope also has some townhome community and condo complex options if a buyer doesn’t want to purchase a single family home.

There are few new construction options in New Hope, but there is one new development currently open for development, Parkview. Homes in this neighborhood are priced in the $250-400k range.

Real Estate Market Data & Update

Most recent market data from Minneapolis Area Association of Realtors shows the following key indicators for the New Hope real estate market:

  • -47.8% change in new listings year-over-year
  • +25.0% change in closed sales year-over-year
  • +28.6% change in median sales price year-over-year
  • $209,000 median sales prices

In summary, like the overall real estate market — sellers are favored with increasing median sale prices, low inventory, and increased closed sales.