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New Prague, MN

Full City Profile · Minnesota · Scott County County

3.6 /5.0
B+ Good
8,195 Population 2,080/sq mi density
$98,424 Median Income $45,054 per capita
$323,500 Home Value $345,407 Zillow
$1,198 Median Rent 24.8% income on rent
44°F Avg Temperature 270 sunny days/yr
96 Violent Crime/100K 829 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$98,424 median income, 2.2% unemployment
A+
Affordability
4.8 / 5.0
$323,500 home value, $1,198/mo rent
F
Safety
1.0 / 5.0
96 violent crimes/100K
B+
Education
3.5 / 5.0
31.5% bachelor's degree or higher

Housing Overview

Median Home Value
$323,500
15% above
US avg: $281,900
Median Rent
$1,198/mo
3% above
US avg: $1,163/mo
Homeownership Rate
77.4%
18% above US avg (65.4%)
Total Housing Units
2,949
Median year built: 1995

Home Value by Source

Census Median
$323,500
Zillow (ZHVI)
$345,407
Median Sale Price
$258,900
Median List Price
$384,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

77.4%
Owner-Occupied
22.6%
Renter-Occupied
77%
23%
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: $1,198/mo

Market Indicators (Redfin)

Median Days on Market
49 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
16.0%
of listings with price reduction
Price Per Sq Ft
$165
Active Inventory
25
homes for sale

Affordability & Housing Stock

Rent Burden
24.8%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1995
Average age of housing stock: 31 years
Homeownership Rate
77.4%

Complete Housing Data

Home Values

Census Median Value$323,500
Zillow Home Value (ZHVI)$345,407
Median Sale Price$258,900
Median List Price$384,450
Price Per Sq Ft$165

Rent

Census Median Rent$1,198
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market49
Sale-to-List Ratio1.0%
Price Drops16.0%
Homes Sold6
Active Inventory25
Price Per Sq Ft$165

Ownership & Stock

Owner-Occupied77.4%
Renter-Occupied22.6%
Homeownership Rate77.4%
Total Housing Units2,949
Median Year Built1995
Rent Burden24.8%