Why Live in New Ulm
New Ulm, MN, a city of 14,000 residents, is deeply rooted in German heritage, evident in its orderly layout, downtown storefronts, and the iconic Glockenspiel clock tower. The city’s economy is bolstered by manufacturing plants like 3M, Kraft, and AMPI. New Ulm is renowned for its German cuisine and beer, with establishments like Kaiserhoff and the historic August Schell Brewing Company, the second-oldest family-owned brewery in the U.S. Downtown Minnesota Street features a variety of local businesses and restaurants, while big box stores are located along U.S. Route 14. Housing in New Ulm includes Dutch Colonial and Victorian architecture, with home prices significantly below the national median. The city celebrates its German culture with monthly festivals, including a highly ranked Oktoberfest. New Ulm’s Parks & Recreation Department maintains 28 facilities, including Hermann Heights Park and Flandrau State Park. The New Ulm Public School District offers a single pipeline of public schools, and Martin Luther College provides higher education opportunities. The city is safer than the national average, contributing to a strong sense of community. Highway 14’s recent upgrade to a four-lane highway improves access to Mankato, 30 miles away, while Minneapolis and its international airport are 95 miles from New Ulm.
Home Trends in New Ulm, MN
On average, homes in New Ulm, MN sell after 97 days on the market compared to the national average of 70 days. The median sale price for homes in New Ulm, MN over the last 12 months is $210,000, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$210,000
Median Single Family Sale Price
$225,000
Median Townhouse Sale Price
$289,900
Average Price Per Sq Ft
$124
Number of Homes for Sale
5
Last 12 months Home Sales
165
Median List Price
$239,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-2%