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New Ulm city, MN

ZIP 56073 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 56073

Median Home Value
$207,600
Median Rent
$834
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,334/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 56073 in New Ulm city, MN, a household would need roughly $57,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,334. That sits below the local median household income ($69,698), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
77.8%+19% vs US avg
x
Vacancy Rate
5.3%-49% vs US avg
x
Broadband Access
87.5%+1% vs US avg
x
4+ Bedrooms
8.3%-44% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
17.5%-65% vs US avg
x
Mortgage-Free
46.2%+21% vs US avg
x
$207,600
Home Value
$834
Rent
1967
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached77.6%
  • 1-unit attached2.9%
  • 2-9 units6.6%
  • 10+ units8.4%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$207,600
Median rent$834
Owner-occupied77.8%
Vacant5.3%
Price-to-income3.0x
Est. income to buy$57,000