New Hope 55428

Hennepin County, MN · 8,693 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

53affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
28.5%
stretched
Days on market
17
daily
Price cuts
23.1%
of active
Valuation
-13.4%
vs assessor
Look up an address
70
/100
Stable
warming · seller slight · prices rising year-over-year.
Price trend
82
Affordability
65
Valuation
70
Economic health
53

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

35/ 100SellerBalancedBuyer
Seller's Market
DOM: 36d (stable) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)25
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)50
Cancellation Rate (10%)0
Days on Market (5%)40

Seller-favored market in 55428. Expect to pay at or near list price. Payment burden: 28.6% of median income. Median days on market: 36. Renting is approximately 50% cheaper than buying (price-to-rent ratio: 18.0).

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
WARMINGSELLER SLIGHT

Market is warming with rising prices. Sellers hold a slight edge. Prices up 3.1% YoY.

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Market snapshoteach number, once

Median price
$324,702
▴ 3.1% YoY
Days on market
17
daily · zip_data
Median rent
$1,503
ZORI
Investor score
64/100
cash-flow lens
Active listings
40
90-day

Valuation3 lenses, different anchors

vs assessor
-13.4%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$281,100
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+47.4%
County-wide market — the widest, slowest signal.
Hennepin+47.4%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$184
Price-to-income4.7×

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How 55428 ranks in MN
percentile vs all Minnesota ZIPs · n=772
Market velocity88%
Supply tightness71%
Affordability12%
Investment yield82%
Appreciation33%

Affordability, supply & momentum

51SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply8.9 mo
Days on Market17d
Inv vs History-8.6%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$1,640
Payment burden28.5%
Median income · ZIP$69,004
Mortgage rate6.49% · 30yr
Total monthly own$1,965
Monthly rent$1,503
Market dynamics
Price cut %23.1%
Momentumwarming
LeverageSELLER SLIGHT
Months of supply8.9
Sales (90d)0
Investment analysis
Median rent$1,503
Price-to-rent18.0
Est. cap rate3.6%
Buy vs rentneutral

Livability

Walk score6
Transit score8
Bike score—

Historical trends

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Hennepin County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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