Why Live in New Ulm
New Ulm is a city with strong German roots, reflected in its orderly layout and historic architecture. The Glockenspiel clock tower and Turner Hall are notable landmarks, with Turner Hall being one of the few remaining in the country. The local economy is driven by manufacturing, with major employers like 3M, Kraft, and AMPI. German cuisine and beer are central to the community, with establishments like Kaiserhoff and the August Schell Brewing Company, the second-oldest family-owned brewery in the U.S., offering authentic experiences. Downtown Minnesota Street features a half-mile strip of local businesses and restaurants, while big box stores are located along U.S. Route 14. Homes in New Ulm are predominantly single-family, featuring Dutch Colonial and Victorian architecture, with prices below the national median. The city celebrates its heritage with monthly German-themed festivals, including a highly ranked Oktoberfest. The Minnesota Music Hall of Fame honors local and national musicians, highlighting the city's rich musical culture. New Ulm maintains 28 parks, including Hermann Heights Park and Flandrau State Park, offering various recreational facilities. The New Ulm Public School District provides a single pipeline of education, with high schoolers having access to the Career Technical Education Center. Martin Luther College offers undergraduate and graduate programs. The newly upgraded U.S. Route 14 improves access to Mankato, 30 miles away, and Minneapolis is 95 miles away. Crime rates are lower than the national average, contributing to a sense of safety among residents.
Home Trends in New Ulm, MN
On average, homes in New Ulm, MN sell after 41 days on the market compared to the national average of 50 days. The median sale price for homes in New Ulm, MN over the last 12 months is $240,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$240,000
Median Single Family Sale Price
$240,000
Median Townhouse Sale Price
$335,000
Average Price Per Sq Ft
$111
Number of Homes for Sale
21
Last 12 months Home Sales
177
Median List Price
$239,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%