New Richland, MN Real Estate

According to census data in the year 2000 there were 499 housing units in New Richland. This represents a 5.1% growth from 475 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 499 were located in what is classified as a rural area.

Homeownership rate in New Richland is about 78.8%. New Richland's vacancy rate, including seasonal lodging, is about 3.8%. Average household size is 2.33 people.

The majority of houses, apartments or condos in New Richland were built after 1955.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom12.80%
Two Bedrooms26.30%
Three Bedrooms42.70%
Four Bedrooms15.60%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1952
Median Value of occupied units$66,500

Rented Homes, Apartments and Condos

Average Household Size1.37
Median year structure was built1968
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.40%
Home Equity Loan2.50%
Simple Mortgage40.50%
Debt Free49.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13.7%