New Hope Homes under $400,000

Welcome to New Hope, Minnesota – a charming city nestled in Hennepin County, where suburban tranquility meets vibrant community life. Just a short drive from the bustling heart of Minneapolis, New Hope offers residents the perfect blend of convenience and comfort. With its picturesque parks, top-rated schools, and an array of local amenities, it’s no wonder that families and young professionals alike are drawn to this inviting community.

One of the standout features of New Hope is its diverse selection of homes, particularly those under $400,000. Whether you’re a first-time homebuyer, looking to downsize, or seeking a cozy place to raise a family, New Hope has something for everyone. From charming single-family homes with spacious backyards to modern townhouses with contemporary finishes, the options are as varied as the residents themselves.

Imagine enjoying sunny afternoons at one of New Hope's beautiful parks, like the expansive New Hope Village Park, which boasts walking trails, playgrounds, and sports facilities. The city also offers a rich cultural scene, with local events and festivals that foster a strong sense of community. With easy access to public transportation and major highways, commuting to Minneapolis or exploring the surrounding areas is a breeze.

In New Hope, you’ll find not just a house, but a place to call home. With properties available under $400,000, now is the perfect time to discover all that this lovely city has to offer. Embrace the New Hope lifestyle and make your dream of homeownership a reality!

Newest New Hope Homes under $400,000

$375,000

3 Beds ⋅ 2 Baths ⋅ 7155306 MLS

Welcome home to this charming 3 bed/2 bath New Hope rambler offering 2,004 finished sq ft! The main level features beautifully refinished hardwood floors, 3 bedrooms on one level, a spacious eat-in kitchen with custom-built oak cabinetry, tons of storage, stainless steel appliances, breakfast bar and reverse-osmosis water filtration. A cozy dining/den with brick gas fireplace walks out to the covered patio and fully fenced backyard - plus a bonus fenced area ideal for pets. The finished lower level offers a large family/rec room, non-conforming 4th bedroom/flex room, 2nd bathroom, workshop and laundry/utility room. Large attached 2-car garage with storage/workshop space off the back. Recent updates include refinished hardwood floors, new furnace, A/C and water heater in 2025, plus fresh paint in 2026 and updated vinyl windows throughout. Conveniently located near parks, schools, shopping and dining. This move-in-ready home is a must-see!

5429 Sumter Avenue N, New Hope

Listing courtesy of ERA Prospera Real Estate.

$274,900

2 Beds ⋅ 2 Baths ⋅ 7146177 MLS

Welcome to this inviting 2-bedroom, 2-bathroom home in New Hope! The main level features a comfortable layout with plenty of natural light, while the living room offers a cozy fireplace and the loft provides flexible additional space for a home office, reading area, or whatever suits your needs. The kitchen has been updated with a new range, microwave, and dishwasher. Enjoy outdoor living on the patio, complete with a privacy fence for added seclusion. A 2-car garage provides convenient parking and additional storage. With a functional layout, cozy living spaces, and versatile loft, this home is ready for you to make it your own!

7623 Elm Grove Avenue, New Hope

Listing courtesy of Pemberton RE.

2800 Hillsboro Avenue N Unit 307, New Hope

$138,500

2 Beds ⋅ 2 Baths ⋅ 7153312 MLS

Beautifully renovated top-floor, end-unit condo featuring the largest floor plan in the building! This bright and spacious home has been extensively updated throughout, including a new kitchen with new cabinetry, countertops, appliances, and fixtures, along with beautifully updated bathrooms. New flooring and carpet, fresh professional paint, and updated finishes throughout give the entire home a clean, move-in-ready feel. Enjoy the privacy and quiet of a third-floor end unit along with great views from your private walk-out balcony. The generous floor plan provides comfortable living and dining spaces, while the extensive renovations mean the next owner can simply move in and enjoy. A rare opportunity to own one of the building's most desirable units—top floor, end unit, largest floor plan, and beautifully updated throughout.

2800 Hillsboro Avenue N Unit 307, New Hope

Listing courtesy of Fish MLS Realty.

$389,900

4 Beds ⋅ 2 Baths ⋅ 7141044 MLS

Welcome to 8413 Meadow Lake Rd E! Situated on a corner lot, this Mid-Century rambler has been updated throughout and is truly move-in ready. Main floor features include a large living room with a bay window, natural hardwood floors, separate dining area, bright kitchen with newer appliances, 3 bedrooms, full bath and a den. The lower level has a huge family room, a 4th bedroom, 3/4 bath, laundry room and tons of storage. Outside you’ll find a large flat and fully fenced-in yard. New furnace & central air, attached 2-car oversized garage all make this home ready to go. Steps to Meadow Lake, parks, shopping and More!

8413 Meadow Lake Road E, New Hope

Listing courtesy of Coldwell Banker Realty - Lakes.

$349,900

4 Beds ⋅ 2 Baths ⋅ 7152309 MLS

Nicely updated four bedroom home on an oversized lot with a private yard. Inside, you'll find a spacious family room addition that gives you a flexible space for gatherings, a home theater, or a playroom. The newer kitchen opens up to the back family room and is ready for everyday cooking and entertaining. The updated main floor bathroom, new flooring, and fresh paint mean you can move right in. Car lovers and hobbyists will appreciate the oversized garage, which has plenty of room for vehicles, storage, and a workshop. Convenient to parks, shopping, and major commuter routes. Don't miss this one!

5201 Pennsylvania Avenue N, New Hope

Listing courtesy of Coldwell Banker Realty.

6007 W Broadway Avenue Unit 303, New Hope

$112,000

2 Beds ⋅ 1 Baths ⋅ 7114397 MLS

Welcome to this inviting 2-bedroom, 1-bathroom condo in New Hope, offering the ease and convenience of true one-level living. With 814 square feet and a functional floor plan, this home provides comfortable living spaces in a low-maintenance setting. The thoughtfully arranged interior features a welcoming living area, two bedrooms, and an efficient layout that makes the most of every square foot. With everything located on one level, the home offers everyday convenience whether you're purchasing your first home, downsizing, or simply looking for a more manageable lifestyle. A detached heated garage provides secure parking, additional storage, and added comfort during the colder Minnesota months. When summer arrives, enjoy access to the shared outdoor pool, perfect for relaxing, cooling off, and making the most of warm weather. Conveniently located in New Hope with easy access to everyday amenities, this condo combines comfortable one-level living, valuable community amenities, and the convenience of a heated garage in an easy-to-maintain package.

6007 W Broadway Avenue Unit 303, New Hope

Listing courtesy of Pemberton RE.

$395,000

4 Beds ⋅ 2 Baths ⋅ 7150342 MLS

Tucked away on a quiet cul-de-sac and shaded by mature trees, this is the kind of street where you can still ride bikes until the streetlights come on. Step inside to a designer kitchen made for real life, morning coffee, weeknight dinners, holiday chaos, all of it. The updates feel like a little daily luxury, and the cozy porch is basically calling your name for slow Sunday mornings. Four bedrooms give everyone their own corner, while the private backyard is your blank canvas for summer cookouts or a quiet reading nook. Add in walking distance to school and parks, and you've got the rare combination of space, style, and location that doesn't come around often. This one isn't just a house; it's the setting for what comes next.

7740 47 1/2 Place N, New Hope

Listing courtesy of Bridge Realty, LLC.

2800 Hillsboro Avenue N Unit 315, New Hope

$85,000

1 Beds ⋅ 1 Baths ⋅ 7148248 MLS

Welcome home to this third floor 1-bedroom, 1-bathroom condo in New Hope! This unit offers a comfortable layout with a spacious living room featuring access to an 11' X '10 private deck-perfect for enjoying your morning coffee or relaxing outdoors! The condo includes underground parking space #56 and a storage unit within the building. The HOA offers a great selection of amenities, including an exercise room, sauna and outdoor pool, along with handling maintenance of the common amenities and building grounds. The flooring has been removed in portions of the unit, providing an opportunity for the next owner to complete the space to their own preferences! Rentals are permitted with restrictions. No pets allowed, except service animals. Conveniently located with easy access to shopping, dining, parks and Highway 169.

2800 Hillsboro Avenue N Unit 315, New Hope

Listing courtesy of Northwoods Real Estate Group LLC.

$379,000

4 Beds ⋅ 3 Baths ⋅ 7109963 MLS

FUN, FABULOUS LOT, & 10+ LOCATION! Discover this warm and welcoming one-of-a-kind home offering an expansive open floor plan with versatile living and entertaining spaces inside and out! You will love the abundance of windows throughout that capture the scenic outdoors and allow for amazing sun filled spaces. The bright and airy living room showcases a cedar tongue & groove beamed and vaulted ceiling, wood accent wall and walkout to rear deck, the main floor family room features a brick wood burning fireplace, second walkout to the backyard, and convenient half bath. You will love the granite and stainless steel kitchen with breakfast bar and adjacent dining space. The upper level offers 3 bedrooms on one level with a walk-thru primary bath including a jacuzzi tub and separate tiled walk-in shower. The lower level provides the 4th bedroom, full bath and versatile den/office space - easily add an egress window for a 5th bedroom. Extend your living space outdoors - beautiful .44 acre lot with huge fenced backyard - entertain on the large upper deck or main deck. Home sits on a low traffic, no outlet street. Finished 3 car garage with 768sqft plus a storage shed. BRAND NEW roof in July, exterior and interior painted 2025, interior doors replaced. Ultra convenient access to freeways and within walking distance to popular Liberty Park!

5952 Independence Avenue N, New Hope

Listing courtesy of RE/MAX Results.

$349,900

3 Beds ⋅ 2 Baths ⋅ 7145841 MLS

Super clean 3-bedroom, 2-bathroom one story in prime location! Beautiful corner lot with south and west exposure in the fenced back yard with deck. Three bedrooms on main level. Gorgeous hardwood floors on main level and new carpet in lower level. Lower level features large family room with fireplace, wet bar area, Murphy bed, office, storage room, laundry room, and 3/4 bath. Bathrooms totally remodeled in 2022 and 2018. New A/C in 2018. New roof in 2022. 2-car garage and storage shed. Lot of space for gardening with many native plants and perennials around the yard. Updated windows. Concrete driveway. Close to schools, parks, shopping, and restaurants. A must see!

4549 Nevada Avenue N, New Hope

Listing courtesy of RE/MAX Advantage Plus.

$374,000

5 Beds ⋅ 2 Baths ⋅ 7143627 MLS

Charming and versatile, this updated walkout rambler offers the unique opportunity of two separate living units—ideal for multi-generational living, extended family, guests, or generating rental income. The main level features three bedrooms on one level, hardwood floors, abundant natural light, an updated kitchen, fresh paint, and the convenience of main floor laundry. Two inviting living areas provide plenty of room to relax and entertain. The updated walkout lower level includes two bedrooms, a kitchenette, living area, and separate exterior access, offering a comfortable and private setup for a variety of needs. Many of the important and costly updates have already been completed, including plumbing, electrical, and a 200-amp service upgrade in 2022, water heater (2022), and updated flooring in the lower level. The basement also features Rockwool insulation in the ceiling to help reduce sound transfer between units, along with R-15 insulation in the exterior walls for improved energy efficiency and year-round comfort. Outside, enjoy new concrete stairs and sidewalk access to the lower level, a fully fenced in backyard, and a resealed driveway. If you’ve been looking for a home in New Hope that offers flexibility with all the important updates taken care of for you - this one is worth a closer look!

4725 Winnetka Avenue N, New Hope

Listing courtesy of Edina Realty, Inc..

$350,000

4 Beds ⋅ 2 Baths ⋅ 7144038 MLS

Welcome to a pristine, lush retreat tucked gracefully at the end of a quiet cul-de-sac. Surrounded by gorgeous mature greenery and peaceful views in every direction, this home offers exceptional privacy, abundant outdoor space, and a setting that feels both serene and inviting. Inside, the layout is spacious, bright, and highly functional, with thoughtfully designed rooms that accommodate everyday living, entertaining, work, relaxation, and gatherings with ease. The beautiful kitchen serves as the heart of the home, featuring stainless-steel appliances, newer countertops, generous workspace, and an inviting flow into the main living areas. Large windows fill the home with natural light and bring the verdant surroundings indoors. The walkout basement creates a seamless connection to the backyard, offering flexible additional living space and easy access to the outdoor retreat. Step outside to the tremendous approximately 500-square-foot deck—an exceptional setting for entertaining guests, outdoor dining, quiet morning coffee, meditation, or simply relaxing amid the beautiful green landscape. This is a rare combination of peaceful cul-de-sac living, practical space, natural beauty, and indoor-outdoor comfort.

4738 Decatur Place N, New Hope

Listing courtesy of Sabra Realty LLC.

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