Land and home values in New Ulm, MN
New Ulm is a city in Brown County, Minnesota, home to about 14,056 people. Residential land runs about $4.44 per sq ft, the typical home is worth about $233,000, and a 2-bedroom rents for about $1,120 a month, as of October 12, 2026.
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| Land: residential | $4.44 | per sq ft |
| Land: residential | $193,232 | per acre |
| Land: quarter-acre lot | $48,308 | 10,890 sq ft |
| Home: typical (median) | $233,000 | value |
| Home: entry-level | $160,000 | lower quartile |
| Home: upper-end | $280,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $925 | per month |
| Rent: 2-bedroom | $1,120 | per month |
| Rent: 3-bedroom | $1,570 | per month |
| Rent: 4-bedroom | $1,880 | per month |
| Gross yield, 2-bed | 5.8% | a year |
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Questions people ask
How much is land worth in New Ulm, MN?
Residential land in New Ulm, MN is about $4.44 per square foot, or $193,232 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $48,308. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in New Ulm, MN?
The typical (median) home in New Ulm, MN is worth about $233,000, with entry-level homes around $160,000 and upper-end homes around $280,000, as of October 2026.
How much is rent in New Ulm, MN?
A 2-bedroom rents for about $1,120 a month in New Ulm, MN, a 1-bedroom about $925 and a 3-bedroom about $1,570 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.