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Area data

New ulm, MN — ZIP 56073

Population: 17,339 (Census ACS)

The median home value in ZIP 56073 (New ulm, MN) is $258,295 — up 7.5% over the past year. Homes sell for a median $265,000 after a median 27 days on market. 12 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with coldwave, drought, strongwind the top-rated hazards. Cost of living is 10.0% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$258,295

Median home value

+7.5%

1-year change

27

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Median home value
$258,295
1-year appreciation
+7.5%
3-year appreciation
+19.6%
5-year appreciation
+33.0%
10-year appreciation
+75.7%
All-time peak (2026-07)
$258,295
House Price Index (state)
429.3 (+3.3% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$265,000
Median list price
$272,900
Median price per sqft
$138
1-year sale-price change
+27.4%
Median days on market
27 days
Homes sold (recent period)
45
For-sale inventory
50
Sale-to-list ratio
98.8%
Active listings
24
1-year forecast
+3.1%
Days to pending
59 days
New listings (monthly)
23

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$754/mo
1BR fair-market rent
$943/mo
2BR fair-market rent
$1,176/mo
3BR fair-market rent
$1,529/mo
4BR fair-market rent
$1,764/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
12
Elementary schools
2
Middle schools
1
High schools
5
School districts serving the area
NEW ULM PUBLIC SCHOOL DISTRICT, RIVER BEND EDUCATION DISTRICT
Schools include
JEFFERSON ELEMENTARY, NEW ULM HIGH SCHOOL, Washington Learning Center, NEW ULM MIDDLE SCHOOL, New Ulm CTE Center

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
coldWave, drought, strongWind, winterWeather
Notable hazard ratings (county)
coldWave: Relatively High · drought: Relatively Moderate · hail: Relatively Low · heatWave: Relatively Low · iceStorm: Relatively Low · inlandFlooding: Relatively Low
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 13% of US counties
Buildings in wildfire direct-exposure zone
23.8%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Lehillier/Mankato Site (23.6 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
34.1 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
11.0 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
7,146
Jobs reachable by transit (45 min)
5,982

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
12
Nearest airport
New Ulm Municipal Airport (ULM) (2 mi)
Nearest major airport
Redwood Falls Municipal Airport (RWF) (35 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
NEW ULM MEDICAL CENTER
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-59 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,967
Housing built before 1970
52.3%
Housing built 2000 or later
13.2%
Median annual property tax
$2,364
Mean commute to work
13 min
Households with broadband internet
72.4%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
11,528
Average weekly wage
$1,039
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
27

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 56073State medianUS median
Median home value$258,295$304,931$289,727
Median sale price$265,000$315,500$325,000
Median days on market27 days39 days51 days
Median annual property tax$2,364$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 56073?
$258,295.
What is the median sale price in ZIP 56073?
$265,000.
How long do homes take to sell in ZIP 56073?
Median days on market: 27 days.
What is typical rent in ZIP 56073?
2-bedroom fair-market rent: $1,176/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in ZIP 56073?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: coldWave, drought, strongWind, winterWeather.
Is ZIP 56073 in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in ZIP 56073?
Risk to homes is higher than 13% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 56073?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 56073?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 56073?
12 schools (2 elementary, 1 middle, 5 high) (NCES, 2022-23).
Is ZIP 56073 walkable?
Walkability index: 11.0/20 (EPA Smart Location Database).
What is the cost of living in ZIP 56073?
Regional Price Parity: 90.0 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

Selling a home in New ulm, MN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents