The housing market in New Ulm, MN Metro Area is quite strong. The median value of homes in the area is $190,800, which is significantly lower than the national median value of $338,100. However, this difference can be offset by the fact that home appreciation in New Ulm has been much higher over the past year at 13.08%, compared to 8.27% nationally. This indicates that investing in a home in New Ulm could provide a good return on investment in the near future. Overall, New Ulm's housing market appears to be quite promising for those looking to invest or settle down.
The median home cost in New Ulm Metro Area is $190,800. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Ulm Metro Area is up 11.6%.
Average Age of Homes
- The median age of New Ulm Metro Area real estate is 56 years old
The Rental Market in New Ulm Metro Area
- Renters make up 20.8% of the New Ulm Metro Area population
- 0.5% of houses and apartments in New Ulm Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.