Real Estate Investing in New Hope, Minnesota (55428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55428 (New Hope, MN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in New Hope, MN (55428)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 55428 New Hope
Investors eyeing 55428 need to respect the fundamentals at play. Home values of $324K come alongside slower price movement and elevated management overhead.
The 55428 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader MN picture, 55428 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 55428 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 55428 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in New Hope:
Property Strategy for 55428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $100,477 | $1,280 | 9.2% | +1.9% | $100,477 |
| 2BR | $264,442 | $1,560 | 4.2% | +4.6% | $132,221 |
| 3BR | $308,897 | $2,060 | 4.8% | +4.4% | $102,966 |
| 4BR | $350,507 | $2,310 | 4.7% | +3.9% | $87,627 |
| 5BR | $382,452 | — | — | +3.8% | $76,490 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55428 Compare?
| Metric | 55428 | New Hope | Minnesota |
|---|---|---|---|
| Home Value | $324,078 | $324,078 | $340,597 |
| 5-Year CAGR | 2.6% | 2.6% | 4.9% |
| Avg Rent | $1,585 | $1,585 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55428 (New Hope, MN). Anonymous, moderated, never written by AI.
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Property managers serving Hennepin County
Manage rentals here? List your business →JJS Property Management of Central Minnesota offers a wide choice of apartments in various areas including Avon, Buffalo, Milaca, Monticello, Royalton, Sartell, Sauk Rapids, St. Cloud, and St. Joseph. summary from their website
MGM Property Management, LLC provides property management services for rental properties, homeowner associations, and commercial tenants in the Twin Cities, Rochester, and St. Cloud areas. summary from their website
Simply Residential Property Management offers expert management of single-family, condominiums, and multi-family dwellings throughout the Twin Cities. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $324,078 |
| Monthly Rent | $1,585 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +15.2% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55428
Population: 32,679
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55428
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,797 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach New Hope, MN?
Investors usually favor careful cash-flow rentals with hands-on management in New Hope, MN. With home values at $324K and rents near $1,585/mo, other strategies can work but produce steady rather than outsized returns.
Does New Hope, MN favor landlords or tenants?
New Hope, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
How strong is the working-renter base in New Hope, MN?
Tenant quality in New Hope, MN ranks as solid. Landlords generally report stable occupancy at market rents of $1,585/mo.
Is New Hope, MN good for house hacking?
New Hope, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,585/mo rent level.
How much does a house cost in New Hope, MN?
The median home value in New Hope, MN is roughly $324K. That puts it reasonable relative to the MN statewide average.
You know 55428 now. You don’t know where it ranks.
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How 55428 ranks in Minneapolis-St. Paul-Bloomington, MN-WI
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