Zip 56072 (New Richland, MN) Housing

The housing market in 56072 New Richland, MN is thriving. The median value for a house in this area is $221,400 which is significantly lower than the US median value of $338,100. In addition to the lower cost of entry, the 1 year house appreciation rate in this area is 11.33% which is higher than the US average of 8.27%. These conditions make it an ideal time to purchase and invest in real estate in this area.

The median home cost in New Richland (zip 56072) is $221,400. Home appreciation the last 10 years has been 70.2%. Home Appreciation in New Richland (zip 56072) is up 11.6%.

Average Age of Homes

- The median age of New Richland (zip 56072) real estate is 60 years old

The Rental Market in New Richland (zip 56072)

- Renters make up 15.9% of the New Richland (zip 56072) population
- 0.1% of houses and apartments in New Richland (zip 56072), 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 Richland, Minnesota	United States
	1,045.0	139,647,020.0
	65	42
	$221,400	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$9.85	$10.98
	$1,589	$2,690
	66.0%	57.4%
	16.7%	11.2%
	17.3%	31.4%
Vacant Housing
	0.1%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	0.5%	0.4%
	10.0%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	0.3%	2.4%
	3.0%	2.8%
	7.8%	3.9%
	7.7%	4.5%
	23.0%	11.3%
	18.0%	13.0%
	23.8%	20.1%
	6.5%	13.6%
	3.5%	8.3%
	1.6%	9.7%
	1.4%	3.9%
	1.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.2%	13.6%
	5.2%	13.6%
	6.8%	13.6%
	4.4%	13.2%
	18.9%	14.8%
	6.8%	13.6%
	11.2%	10.0%
	8.5%	4.7%
	34.3%	12.2%

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