All Countries
New Richland, MN
Full City Profile · Minnesota · Freeborn County County
3.5
/5.0
B+
Good
1,068
Population
1,810/sq mi density
$62,841
Median Income
$30,029 per capita
$133,000
Home Value
$252,177 Zillow
$544
Median Rent
30.9% income on rent
45°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$62,841 median income, 1.2% unemployment
A+
Affordability
5.0 / 5.0
$133,000 home value, $544/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.2 / 5.0
15.1% bachelor's degree or higher
Housing Overview
Median Home Value
$133,000
53% below
US avg: $281,900
Median Rent
$544/mo
53% below
US avg: $1,163/mo
Homeownership Rate
86.4%
32% above US avg (65.4%)
Total Housing Units
430
Median year built: 1955
Home Value by Source
Census Median
$133,000
Zillow (ZHVI)
$252,177
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.4%
Owner-Occupied
13.6%
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:
$544/mo
Affordability & Housing Stock
Rent Burden
30.9%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
86.4%
Complete Housing Data
Home Values
| Census Median Value | $133,000 |
| Zillow Home Value (ZHVI) | $252,177 |
Rent
| Census Median Rent | $544 |
| 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 | 86.4% |
| Renter-Occupied | 13.6% |
| Homeownership Rate | 86.4% |
| Total Housing Units | 430 |
| Median Year Built | 1955 |
| Rent Burden | 30.9% |