New Hope, Minnesota Short Term Rental Regulations
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Reviewed by Derick Hargrave
Last updated September 03, 2023
New Hope Short-Term Rental Regulations
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Short Term City Rating6.0
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Competition
9.1 -
Real Estate Cost
4.9 -
STR Regulations
N/A -
Seasonality
4.3 -
Rental Rates
5.6
New Hope, Minnesota Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 21,986
- STR License Required
- No
- Tourist Season
- May to September
- County
- Hennepin
- Airports
- Minneapolis-St. Paul International Airport (MSP)
- St. Cloud Regional Airport (STC)
Want to learn more about New Hope?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our New Hope rental analytics guide if you're interested in data on the New Hope rental market.
Review the popular activities that hosts include in their property positing in New Hope.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits New Hope guests.
Interested in other Minnesota cities?
Check out the Minnesota Airbnb rules directory
What makes New Hope a great place to invest?
- Proximity to Minneapolis: New Hope is located just a short drive away from Minneapolis, one of the largest cities in Minnesota. This proximity makes it an attractive location for visitors who want to explore the big city while staying in a quieter, more relaxed environment.
- Abundance of Recreational Activities: The city is home to numerous parks, golf courses, and other recreational facilities. Visitors can enjoy a variety of outdoor activities, making it an attractive destination for families and individuals seeking an active getaway.
- Excellent Educational Institutions: New Hope is in close proximity to several colleges and universities, making it an ideal location for visiting parents, prospective students, and other academic visitors who prefer short-term rentals over hotel stays.
- Presence of Professional Sports Teams: The proximity to Minneapolis means that visitors can easily attend games of professional sports teams like the Minnesota Vikings (NFL) and the Minnesota Twins (MLB), making New Hope an attractive location for sports enthusiasts.
- Natural Beauty: The city is surrounded by beautiful natural scenery, including lakes, rivers, and forests. This natural beauty attracts visitors who are looking for a peaceful retreat from the hustle and bustle of city life.
New Hope Nearby Cities
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12 miles away
- Rating: 6.3
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14 miles away
- Rating: 5.3
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Local Real Estate
How expensive is the real estate in New Hope?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in New Hope has increased 3% over the past year, and the average price per square foot is $218, which is lower than the national average.
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Median Sale Price
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$575,480
3% YoY
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Median per Square Foot
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$218
-3% YoY
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Average Monthly Rent
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$2,140
2% YoY
The most common terms hosts include in their listings for New Hope, Minnesota
Common terms for New Hope short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in New Hope has a description approximately 1,401 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 192 listings in New Hope, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Lake, Family, Perfect, Quiet, Yard, Lake Minnetonka, Beautiful, Patio, Shopping, and Outdoor.
What are the most popular tourist activities in New Hope?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in New Hope involve Boating, Adventure Activities, Swimming, Hiking, and Cycling. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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Boating
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Adventure Activities
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Swimming
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Hiking
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Cycling
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Kayaking
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Ice Skating
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Jet Skiing
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Water Sports
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Sledding
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Sailing
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Antiquing
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in New Hope, including Target Field, Minneapolis Convention Center, Target Center, Lake Minnetonka, and Orpheum Theatre. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Well Known Attraction
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Lake Minnetonka
Included on 70% of listings
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Regional Landmark
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Venetian Indoor Waterpark
Included on 70% of listings
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Well Known Attraction
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Target Field
Included on 64% of listings
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Well Known Attraction
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Target Center
Included on 64% of listings
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Regional Landmark
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Ridgedale Center
Included on 64% of listings
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Well Known Attraction
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Minneapolis Convention Center
Included on 63% of listings
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Regional Landmark
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Orpheum Theatre
Included on 63% of listings
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Regional Landmark
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Nicollet Mall
Included on 63% of listings
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Regional Landmark
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State Theatre
Included on 63% of listings
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Regional Landmark
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Walker Art Center
Included on 63% of listings
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Regional Landmark
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The Armory
Included on 59% of listings
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Regional Landmark
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Fillmore Theater & Element by Westin
Included on 59% of listings
What’s the weather like in New Hope, Minnesota?
The weather is generally milder than the national average, with an average high temperature of around 55°, while the average low is about 38°. It has normal rainfall, averaging about 25 inches per year, compared to the national average of about 27 inches. Snowfall can be rather heavy, averaging less than 20 inches per year. The humidity levels in New Hope are generally lower than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
12° Low 27° High
Spring
March through May
37° Low 57° High
Summer
June through August
61° Low 80° High
Fall
September through November
40° Low 56° High
Cities Near New Hope
New Hope, Minnesota, is located in Hennepin County. Some cities that are located nearby include:
