New Ulm, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Ulm Neighborhoods Since 2000




New Ulm, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

New Ulm Housing Market Information

With a population of 13,327, 5,698 total housing units (homes and apartments), and a median house value of $158,858, New Ulm real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in New Ulm, accounting for 74.34% of the city's housing units. Other types of housing that are prevalent in New Ulm include large apartment complexes or high rise apartments ( 14.12%), duplexes, homes converted to apartments or other small apartment buildings ( 5.32%), and a few mobile homes or trailers ( 4.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Ulm. Owner-occupied housing accounts for 68.29% of New Ulm's homes, and 57.20% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. New Ulm's housing was primarily built during this period, from the '40s through the '60s. A full 33.72% of the city's housing hails from this era. Other housing ages represented in New Ulm include homes built between 1970-1999 ( 31.87%) and housing constructed before 1939 ( 28.15%). There's also some housing in New Ulm built between 2000 and later ( 6.26%).

New Ulm Home Appreciation Rates

Real estate appreciation rates in New Ulm's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.07% during the period.

Over the last year, New Ulm appreciation rates have trailed the rest of the nation. In the last twelve months, New Ulm's appreciation rate has been 2.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Ulm were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that New Ulm's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within New Ulm differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Ulm - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best New Ulm real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$158,858

New Ulm, MN HOME PRICES

Value Range
> $1,078,000 0.6
$809,001 - $1,078,000 0.1
$539,001 - $809,000 0.4
$431,001 - $539,000 0.8
$323,001 - $431,000 2.9
$216,001 - $323,000 11.7
$108,001 - $216,000 52.4
$54,001 - $108,000 22.3
$0 - $54,000 8.9

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
46.1736786593226 61.3963039014374

Number Of Homes And Apartments:
5,698

New Ulm Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
27.23% 1.41% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 68.29
Renters 31.71
Vacant 6.10

Housing Market Details

 

Age of Homes

AGE OF New Ulm HOMES
2000 or Newer 6.3
1970 - 1999 31.9
1940 - 1969 33.7
1939 or Older 28.1

Types of Homes

TYPE OF New Ulm HOMES
Single-Family 74.3
Townhomes 2.1
Small Apt. Buildings 5.3
Apt. Complexes 14.1
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF New Ulm HOMES
No Bedroom 0.89
1 Bedroom 9.71
2 Bedrooms 27.88
3 Bedrooms 37.11
4 Bedrooms 20.09
5 or more bedrooms 4.32