Home prices
The cost of the median home in New Ulm is $141,300. Compared to its nearby areas it is about $12,200 (9%) higher.In comparison to the US as a whole it is approximately $76,200 (35%) lower, and in comparison to the city of Minneapolis it is about $110,300 (43%) lower.
Rents
In New Ulm the median rent is $643 per month. This is about $79 (10%) lower in comparison to its nearby areas.Compared to the nation as a whole it is approximately $419 (39%) lower, and in comparison to the city of Minneapolis is approximately $384 (37%) lower.
Nearby places
Courtland
Courtland is about 5 miles southeast from New Ulm. Its real estate prices are a bit more expensive. The median home value in Courtland is $194,800, which works out to $53,500 (27%) higher than New Ulm. The rent there is a bit more expensive. In Courtland the median rent is $915 a month, which works out to $272 (29%) higher than New Ulm.
Lafayette
Lafayette is approximately 9 miles north from New Ulm. The real estate prices there are a lot less expensive. The price of the median home in Lafayette is $93,900, which comes out to $47,400 (50%) lower than New Ulm. The rent there is somewhat more expensive. In Lafayette the median rent is $763 per month, which works out to $120 (15%) higher than New Ulm.
Hanska
Hanska is approximately 10 miles south from New Ulm. Real estate prices there are a lot less expensive. The median home in Hanska costs $75,600, which is $65,700 (86%) lower than New Ulm. The rent there is a little less expensive. The median monthly rent in Hanska is $608, which works out to $35 (5%) lower than New Ulm.
Sleepy Eye
Sleepy Eye is about 10 miles west from New Ulm. Its real estate prices are a bit less expensive. Sleepy Eye's median home cost is $119,000, which comes out to $22,300 (18%) lower than New Ulm. The rent there is somewhat less expensive. In Sleepy Eye the median monthly rent is $580, which works out to $63 (10%) lower than New Ulm.
Nicollet
Nicollet is about 11 miles east of New Ulm. The housing prices there are a little more expensive. Nicollet's median home price is $162,200, which is $20,900 (12%) higher than New Ulm. Rents there are a bit more expensive. In Nicollet the median monthly rent is $742, which is $99 (13%) higher than New Ulm.
