The housing market in New Ulm, MN (56073) is doing quite well. The median value of a house in this area is $196,400; this is significantly lower than the median value of a house nationwide which stands at $338,100. This affordability allows potential homeowners to have more options when looking for a suitable home. On top of that, the US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate for houses in New Ulm is 11.33%. This shows that homeowners can look forward to an increase in their property values over the next year. All these factors make buying a house in New Ulm an attractive and viable option for those looking to invest in property.
The median home cost in New Ulm (zip 56073) is $196,400. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Ulm (zip 56073) is up 11.6%.
Average Age of Homes
- The median age of New Ulm (zip 56073) real estate is 51 years old
The Rental Market in New Ulm (zip 56073)
- Renters make up 21.8% of the New Ulm (zip 56073) population
- 0.3% of houses and apartments in New Ulm (zip 56073), 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.