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New Germany, MN
Full City Profile · Minnesota · Carver County County
3.3
/5.0
B
Good
581
Population
581/sq mi density
$88,438
Median Income
$37,634 per capita
$252,600
Home Value
$380,806 Zillow
$860
Median Rent
28.5% income on rent
44°F
Avg Temperature
270 sunny days/yr
119
Violent Crime/100K
1,785 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$88,438 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$252,600 home value, $860/mo rent
F
Safety
1.0 / 5.0
119 violent crimes/100K
C
Education
2.3 / 5.0
16.7% bachelor's degree or higher
Housing Overview
Median Home Value
$252,600
10% below
US avg: $281,900
Median Rent
$860/mo
26% below
US avg: $1,163/mo
Homeownership Rate
85.9%
31% above US avg (65.4%)
Total Housing Units
212
Median year built: 1961
Home Value by Source
Census Median
$252,600
Zillow (ZHVI)
$380,806
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.9%
Owner-Occupied
14.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$860/mo
Affordability & Housing Stock
Rent Burden
28.5%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
85.9%
Complete Housing Data
Home Values
| Census Median Value | $252,600 |
| Zillow Home Value (ZHVI) | $380,806 |
Rent
| Census Median Rent | $860 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 85.9% |
| Renter-Occupied | 14.1% |
| Homeownership Rate | 85.9% |
| Total Housing Units | 212 |
| Median Year Built | 1961 |
| Rent Burden | 28.5% |