Lakeville receives the higher standardized Area Score. That reflects AreaProfile's weighting, not a judgment about which place is better to live in.
Signals
New Hope
Lakeville
Opportunity
46 · Bottom 29%
vs59 · Top 45%
Growth
42 · Bottom 35%
vs75 · Top 10%
Climate
54 · Bottom 3%
vs55 · Bottom 5%
Physical resilience
93 · Top 7%
vs82 · Top 20%
Housing affordability
79 · Bottom 47%
vs97 · Top 14%
Access
95 · Top 37%
vs94 · Top 42%
Economic stability
69 · Top 31%
vs87 · Top 1%
Measured values
| Metric | New Hope | Lakeville | Source period |
|---|---|---|---|
| Population | 21,181 | 74,354 | 2024 ACS 5-Year |
| Median household income | $77,662 | $139,041 | 2024 ACS 5-Year |
| Per capita income | $40,928 | $57,291 | 2024 ACS 5-Year |
| Population density | 4,188/sq mi | 2,014/sq mi | 2024 ACS 5-Year |
| Median home value | $337,000 | $452,500 | 2024 ACS 5-Year |
| Median gross rent | $1,335 | $1,806 | 2024 ACS 5-Year |
| Homeownership rate | 52.6% | 87.8% | 2024 ACS 5-Year |
| Unemployment rate | 4.3% | 4.2% | June 2026 |
| Employment change (year over year) | -2.1% | -1.9% | June 2026 |
| Bachelor's degree or higher | 36.1% | 50.6% | 2024 ACS 5-Year |
| Poverty rate | 10.7% | 2.9% | 2024 ACS 5-Year |
| Housing units permitted (12 months) | 10 | 795 | 12 months ending July 2026 |
| Permits per 1,000 residents | 0.5 | 10.7 | 12 months ending July 2026 |
| Permit change (year over year) | 233.3% | 47.2% | 12 months ending July 2026 |
| Average July high | 83°F | 83°F | 1991-2020 Normals |
| Average January low | 7°F | 9°F | 1991-2020 Normals |
| Annual precipitation | 30.7" | 31.6" | 1991-2020 Normals |
| Distance to major airport | 13 mi | 14 mi | NASR current cycle |
| Average commute | 21.0 min | 25.3 min | 2024 ACS 5-Year |
| Median age | 40.5 | 36.8 | 2024 ACS 5-Year |
A bolded value is the more favorable of the two where the metric has a clear direction. Metrics like population and density have no inherent better or worse and are shown unweighted.
Physical risk tradeoff
New Hope
Elevated or high exposure: hail.
Lakeville
Elevated or high exposure: strong wind, hail, heat wave.
Full profiles: New Hope, MN · Lakeville, MN · How this is calculated: methodology