Housing in New Ulm, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$216,550
Median List Price
$229,900
Price Per Sq Ft
$131
Days on Market
18
Active Inventory
24
Months of Supply
6.0
Balanced market
Zillow Home Value
$235,363
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
25.0%
Off Market in 2 Weeks
30.0%
Sale-to-List Ratio
101.1%
Seller's market
Market Activity
Source: RedfinHomes Sold
4
New Listings
11
Pending Sales
10
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$131
Median List $/SF
$143
New Ulm vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. New Ulm is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$192,700
Median Rent
$974
Total Housing Units
6,306
Vacancy Rate
5.0%
Owner Occupied
74.6%
Renter Occupied
25.4%
Median Property Tax
$2,270
per year
Monthly Cost (w/ Mortgage)
$930
Housing Types
The current median sale price in New Ulm, MN is $216,550 according to Redfin data. Homes spend a median of 18 days on the market. 25.0% of homes sold above asking price. The market has 6.0 months of supply. The median price per square foot is $131. The median rent is $974 per month (Census ACS). About 74.6% of housing units are owner-occupied. The median year homes were built is 1965. There are 6,306 total housing units.