Crystal, New Hope, MN—55428
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crystal, New Hope, MN
As of Oct '25, the median home price in Crystal, New Hope, MN is $311,000, with a year-over-year change of 2.6%. This indicates that home prices in Crystal, New Hope, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 2.6% |
| Single Family | $315,000 | 2.6% |
| Condos | $130,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $100,000 | -2.9% |
2 Bed | $264,000 | 2.7% |
3 Bed | $309,000 | 2.7% |
4 Bed | $351,000 | 2.0% |
| 5 Bed | $382,000 | 1.1% |
% of Housing Stock
Rental Trends — Crystal, New Hope, MN
As of July '25, Rentcast reports the average rent in Crystal, New Hope, MN is $1,720, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Crystal, New Hope, MN is studios: $1,040, 1-bedrooms: $1,180, 2-bedrooms: $1,500, 3-bedrooms: $2,180, 4-bedrooms: $2,560. The most common rental property sizes in Crystal, New Hope, MN are 2-bedroom and 1-bedroom, accounting for 40.1% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,720 |
| Studio Rent | $950 | $1,040 |
| 1 Bed Rent | $1,150 | $1,180 |
| 2 Bed Rent | $1,440 | $1,500 |
| 3 Bed Rent | $2,200 | $2,180 |
| 4 Bed Rent | $2,500 | $2,560 |
% of Rental Stock
Property Listings — Crystal, New Hope, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Crystal, New Hope, MN is 30. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 7.0% |
Listing Count | 82 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 30 | -14.0% |
Demographics — Crystal, New Hope, MN
As of the latest ACS Survey released in 2023, Crystal, New Hope, MN has a population of 32,700, which has increased by 4.7% over the past 5 years. Crystal, New Hope, MN is a moderately popular place for families, as children make up 23.3% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,700 | 4.7% |
% Under 18 | 23.3% | -9.3% |
% Seniors | 15.5% | 0.0% |
% WFH | 10.6% | 231.2% |
% w/ College Degree | 28.6% | 11.7% |
As of the latest ACS Survey released in 2023, Crystal, New Hope, MN is a predominantly white area, with 49.4% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Crystal, New Hope, MN is black, making up 30.6% of the population. Foreign-born residents account for 20.2% of the population in Crystal, New Hope, MN, and this percentage has increased by 7.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.4% | -8.0% |
% Black | 30.6% | 26.4% |
% Hispanic | 7.6% | -26.2% |
% Asian | 7.0% | -11.4% |
% Foreign Born | 20.2% | 7.4% |
Mortgage and Risk — Crystal, New Hope, MN
According to HUD data as of 2023, there were 520 mortgage originations in Crystal, New Hope, MN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Crystal, New Hope, MN. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 520 |
% Conventional Loans | 82.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Crystal, New Hope, MN
As of 2024, the percent of homes in Crystal, New Hope, MN under the Section 8 program is 12.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Crystal, New Hope, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 698 |
Total Units Section 8 | 664 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,150 | $1,250 |
| 2 Bedroom | $80 | $1,440 | $1,520 |
| 3 Bedroom | -$180 | $2,200 | $2,020 |
| 4 Bedroom | -$230 | $2,500 | $2,270 |
Affordability — Crystal, New Hope, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $311,000 |
| Median Household Income | $69,000 |