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These days, finding an affordable place to live in the New Richland area can be challenging. Home prices in New Richland are now at a median cost of $190,504, lower than the Minnesota average of $345,793.
The average cost of rent is $704/mo in New Richland, primarily driven by the current value of real estate in the New Richland area. In New Richland, 13.58% of households rent, and 45.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Richland is $6,391 per month. Households that rent pay about 11.01% of their income on rent here. New Richland’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hartland, MN: higher priced homes
- Otisco, MN: higher priced homes
- Vista, MN: higher priced homes
- Freeborn, MN: equally priced homes
- Waldorf, MN: higher priced homes
- Ellendale, MN: equally priced homes
- Manchester, MN: higher priced homes
- Hope, MN: higher priced homes
- Geneva, MN: higher priced homes
- Clarks Grove, MN: higher priced homes
Cities with Similar Populations
- Shanks, WV: equally priced homes
- Huntland, TN: equally priced homes
- Ironton, MO: less expensive homes
- Archie, MO: higher priced homes
- Johannesburg, MI: higher priced homes
- La Plata, MO: less expensive homes
- Level Plains, AL: less expensive homes
- Lisbon, NH: higher priced homes
- Lynn, IN: less expensive homes
- Lyon, MS: less expensive homes
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