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 Units by Size|
|Five Bedrooms or more||2.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.52|
|Median year structure was built||1957|
|Median Value of occupied units||$89,600|
|Median Price asked for vacant units||$72,700|
Rented Homes, Apartments and Condos
|Average Household Size||1.58|
|Median year structure was built||1969|
|Median Monthly Rent asked for vacant units||$321|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||6.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.1%|