Zip 56738 (Newfolden, MN) Housing

The housing market in 56738 Newfolden, MN is strong and on the rise. The median value of homes in Newfolden is $173,000 - significantly lower than the US median value of $338,100. However, Newfolden has seen a higher one-year house appreciation rate of 9.54%, compared to the US average of 8.27%. This indicates that home values are increasing at a faster rate in Newfolden than elsewhere in the nation, and that now may be an advantageous time to invest in housing here.

The median home cost in Newfolden (zip 56738) is $173,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Newfolden (zip 56738) is up 14.7%.

Average Age of Homes

- The median age of Newfolden (zip 56738) real estate is 45 years old

The Rental Market in Newfolden (zip 56738)

- Renters make up 10.9% of the Newfolden (zip 56738) population
- 0.0% of houses and apartments in Newfolden (zip 56738), 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	Newfolden, Minnesota	United States
	598.0	139,647,020.0
	48	42
	$173,000	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$9.00	$10.98
	$1,062	$2,690
	76.9%	57.4%
	11.7%	11.2%
	11.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.3%	0.4%
	4.8%	3.6%
	5.5%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	2.2%	2.4%
	5.9%	2.8%
	7.0%	3.9%
	5.2%	4.5%
	18.3%	11.3%
	16.7%	13.0%
	26.1%	20.1%
	5.7%	13.6%
	8.3%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	13.9%	13.6%
	6.5%	13.2%
	20.2%	14.8%
	13.9%	13.6%
	6.0%	10.0%
	10.5%	4.7%
	18.4%	12.2%

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