Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Munich area can be challenging. Home prices in New Munich are now at a median cost of $178,663, lower than the Minnesota average of $269,934.
The average cost of rent is $720/mo in New Munich, primarily driven by the current value of real estate in the New Munich area. While nearly 41.21% of residents own their homes outright in New Munich, 9.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Munich is $6,421 per month. Households that rent pay about 11.21% of their income on rent here. New Munich's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Melrose, MN: equally priced homes
- Freeport, MN: higher priced homes
- Meire Grove, MN: equally priced homes
- Greenwald, MN: higher priced homes
- St. Rosa, MN: higher priced homes
- Spring Hill, MN: higher priced homes
- St. Martin, MN: higher priced homes
- Albany, MN: higher priced homes
- Elrosa, MN: higher priced homes
- Ward Springs, MN: higher priced homes
Cities with Similar Populations
- Thompson, IA: less expensive homes
- Swanquarter, NC: less expensive homes
- Cisco, GA: less expensive homes
- Trickum, GA: equally priced homes
- Talache, ID: higher priced homes
- Tatum, MS: less expensive homes
- Cochran, TX: higher priced homes
- Cologne, VA: higher priced homes
- Bear River, WY: higher priced homes
- Bayview, ID: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood