New Ulm, MN Real Estate

According to census data in the year 2000 there were 5,729 housing units in New Ulm. This represents a 6.5% growth from 5,379 in 1990.

Of those housing units, 5,644 were located in either urbanized areas or urban clusters, and 85 were located in what is classified as a rural area.

Homeownership rate in New Ulm is about 77.1%. New Ulm's vacancy rate, including seasonal lodging, is about 4.2%. Average household size is 2.31 people.

The majority of houses, apartments or condos in New Ulm were built after 1959.


Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom10%
Two Bedrooms25.10%
Three Bedrooms41.30%
Four Bedrooms19.80%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1957
Median Value of occupied units$89,600
Median Price asked for vacant units$72,700

Rented Homes, Apartments and Condos

Average Household Size1.58
Median year structure was built1969
Median Monthly Rent asked for vacant units$321

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7%
Home Equity Loan6.80%
Simple Mortgage47.20%
Debt Free39%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%