Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Ulm area can be challenging. Home prices in New Ulm are now at a median cost of $178,791, lower than the Minnesota average of $269,934.
The average cost of rent is $886/mo in New Ulm, primarily driven by the current value of real estate in the New Ulm area. While nearly 45.71% of residents own their homes outright in New Ulm, 22.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Ulm is $5,602 per month. Households that rent pay about 15.81% of their income on rent here. New Ulm's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Klossner, MN: higher priced homes
- Courtland, MN: higher priced homes
- St. George, MN: higher priced homes
- Essig, MN: higher priced homes
- Searles, MN: less expensive homes
- Lafayette, MN: equally priced homes
- Hanska, MN: less expensive homes
- Sleepy Eye, MN: less expensive homes
- Nicollet, MN: higher priced homes
- Godahl, MN: equally priced homes
Cities with Similar Populations
- Senoia, GA: higher priced homes
- Druid Hills, GA: higher priced homes
- Fairview, CA: higher priced homes
- Fairview Heights, IL: less expensive homes
- Hutchinson, MN: equally priced homes
- Rutherfordton, NC: equally priced homes
- Rye, NY: higher priced homes
- Sayville, NY: higher priced homes
- Scott, LA: less expensive homes
- Scotts Valley, CA: 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