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Advertise here →New Ulm, MN · Market Data
New Ulm, Minnesota real estate market data.
Real estate market data for New Ulm, MN (Brown County) — Census median home value $192,700, county listing prices up about 5.8% over the past year.
New Ulm, MN is in Brown County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 14,066, with a median household income of $63,984. Census data puts New Ulm's median home value at $192,700.
At a glance
New Ulm market snapshot
Population
14,066
Median Household Income
$63,984
Median Home Value (city)
$192,700
Median Gross Rent
$974/mo
Price Trend (YoY)
+5.8%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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Advertise here →Why New Ulm
What makes New Ulm different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts New Ulm's median home value — across all owner-occupied homes, not just recent sales — at $192,700.
County Price Trend
Brown County's FHFA house price index shows a 5.83% annual change in 2025.
Population & Income
New Ulm has an estimated population of 14,066 and a median household income of $63,984, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
New Ulm's Census-reported median home value works out to about 3.0x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
New Ulm FAQ
What are home values like in New Ulm, MN?
The Census Bureau's American Community Survey puts New Ulm's median home value at $192,700.
What is the population of New Ulm, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts New Ulm's population at approximately 14,066.
What's the median rent in New Ulm, MN?
The Census ACS estimates median gross rent in New Ulm at approximately $974 per month.
What is the median household income in New Ulm, MN?
Census ACS data puts the median household income in New Ulm at approximately $63,984.
Is the New Ulm housing market growing?
Brown County's FHFA house price index shows a 5.83% annual change in 2025.
Is New Ulm, MN affordable relative to income?
Census ACS data puts New Ulm's median home value at about 3.0 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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