Zip 56071 (New Prague, MN) Housing

New Prague, MN (56071) has a higher median housing value than the national average, with houses valued at $374,500. This is significantly higher than the US median of $338,100. The 1-year house appreciation rate in New Prague is also greater than the national average, at 11.33% compared to 8.27%. This indicates that New Prague's housing market is growing faster and more steadily than the rest of the nation. In this thriving market, homeowners are sure to benefit from this steady growth in home values.

The median home cost in New Prague (zip 56071) is $374,500. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Prague (zip 56071) is up 11.6%.

Average Age of Homes

- The median age of New Prague (zip 56071) real estate is 29 years old

The Rental Market in New Prague (zip 56071)

- Renters make up 16.0% of the New Prague (zip 56071) population
- 0.0% of houses and apartments in New Prague (zip 56071), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Prague, Minnesota	United States
	4,614.0	139,647,020.0
	31	42
	$374,500	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$11.36	$10.98
	$3,520	$2,690
	82.1%	57.4%
	4.2%	11.2%
	13.7%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	3.2%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	0.5%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.4%	2.4%
	0.0%	2.8%
	0.1%	3.9%
	0.1%	4.5%
	2.0%	11.3%
	9.5%	13.0%
	34.9%	20.1%
	25.2%	13.6%
	14.4%	8.3%
	10.3%	9.7%
	1.5%	3.9%
	1.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	25.2%	13.6%
	25.2%	13.6%
	14.8%	13.6%
	9.9%	13.2%
	8.7%	14.8%
	14.8%	13.6%
	8.5%	10.0%
	1.9%	4.7%
	15.6%	12.2%

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