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New York Mills, MN

Full City Profile · Minnesota · Otter Tail County County

3.5 /5.0
B+ Good
1,319 Population 891/sq mi density
$51,696 Median Income $36,397 per capita
$144,900 Home Value $260,285 Zillow
$712 Median Rent 25.3% income on rent
40°F Avg Temperature 276 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$51,696 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$144,900 home value, $712/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.4 / 5.0
17.6% bachelor's degree or higher

Housing Overview

Median Home Value
$144,900
49% below
US avg: $281,900
Median Rent
$712/mo
39% below
US avg: $1,163/mo
Homeownership Rate
57.7%
12% below US avg (65.4%)
Total Housing Units
586
Median year built: 1977

Home Value by Source

Census Median
$144,900
Zillow (ZHVI)
$260,285
Median Sale Price
$194,000
Median List Price
$145,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.7%
Owner-Occupied
42.3%
Renter-Occupied
58%
42%
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: $712/mo

Market Indicators (Redfin)

Median Days on Market
203 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$125
Active Inventory
4
homes for sale

Affordability & Housing Stock

Rent Burden
25.3%
of renters spending 30%+ of income on housing
18% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
57.7%

Complete Housing Data

Home Values

Census Median Value$144,900
Zillow Home Value (ZHVI)$260,285
Median Sale Price$194,000
Median List Price$145,000
Price Per Sq Ft$125

Rent

Census Median Rent$712
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 Market203
Sale-to-List Ratio1.0%
Price Drops25.0%
Homes Sold3
Active Inventory4
Price Per Sq Ft$125

Ownership & Stock

Owner-Occupied57.7%
Renter-Occupied42.3%
Homeownership Rate57.7%
Total Housing Units586
Median Year Built1977
Rent Burden25.3%