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 Units by Size|
|Five Bedrooms or more||2.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.59|
|Median year structure was built||1952|
|Median Value of occupied units||$66,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.37|
|Median year structure was built||1968|
|Median Monthly Rent asked for vacant units||$275|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||2.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||13.7%|