New Hope Homes & Real Estate

NEW HOPE REAL ESTATE

New Hope 

New Hope 

This Minneapolis suburb used to be a farming community in the Township of Crystal Lake. With the incorporation of Crystal Lake as a city in 1936 came the formation of the New Hope Township. 

New Hope in Hennepin County is just ten miles to downtown Minneapolis which is roughly 15 to 20 minutes away. The existence of three industrial parks in the city is evident of its strong industrial base but this has not been a hindrance to the maintenance of well-kept residential areas and acres of park land. 

One of the advantages of relocating to New Hope is its strategic location and its easy accessibility thanks to the four major intestate highways. New Hope is only minutes away from the Minneapolis-St. Paul International Airport as well as to the Twin Cities. The city also has a well developed transportation system making its easier to travel not only within the city but also from New Hope to other Minnesota suburbs. 

New Hope is one of the Minnesota cities that figured at the top of a recent survey with 89% of its residents rating the quality of life in the city as either good or excellent. However, this has not stopped the local government from implementing new programs and projects to improve the vital infrastructures in the city including its streets and parks. There are ongoing infrastructure development projects financed out of the property taxes collected by the city. However, owners of the different properties in New Hope are not levied tax assessments to pay for the various street improvements in the city which can reach up to $8,000 in other neighborhoods. 

The city may be a fully developed community but there is still a lot of room for growth in terms of the city’s population and economy. 


History 

It may be hard to imagine but this booming suburb used to be a farming community of the Crystal Lake Township in the 1900s. However, with Crystal Lake Township’s bid for cityhood came the additional obligations in the form of taxes. The rural community members who were not happy about this decided to form the New Hope Township and ultimately the City of New Hope in 1953. 

This was ironic since it brought the same tax payment the farmers sought to avoid when they distanced themselves from Crystal Lake City. However, the farmers became a minority between 1936 and 1953 due to the growth of housing in the area. The city’s population grew from 600 when it was incorporated to 24,000 by 1971. 

Despite its quest to compete with the growth of nearby cities, New Hope was developed as an urban village thus maintaining the city’s spacious residential areas despite industrialization. The city has more than 8,500 housing units from single units, twin homes, family units and multiple family units. The city has also become a haven for senior citizens as they have a lot of choices when it comes to subsidized senior housing. 

It boasts of 200 acres of park land as well as recreational facilities like an outdoor theater, an ice arena, a nine-hole golf course and an outdoor swimming pool. 







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New Listings

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Listing courtesy of Minnesota
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Minnesota
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Today's Market Trends for New Hope Homes & Real Estate *

$253,060

0.02%

$142

0%

90

0.38%

May

April

 

65

39

 

 

0.67%

0.11%

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* All data pertains to single-family homes