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Condo Foreclosures in New Ulm, MN 56073

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New Ulm, MN Foreclosures

How much do homes sell for in New Ulm, MN?
The average home price is currently $288,409.
What’s the average rental cost in New Ulm, MN?
The average rental price in New Ulm is $1,364.
What is the most expensive home in New Ulm?
The most expensive home sold in New Ulm had a price of $3,739,507.
What is currently the cheapest priced home in New Ulm, MN?
The cheapest home for sale in New Ulm is priced at $18,632.

Living in New Ulm, MN

New Ulm, MN, is a picturesque city celebrated for its strong German heritage, picturesque landscapes, and vibrant community life. With an array of local amenities, beautiful parks, and convenient access to larger urban centers, it stands out as an attractive option for both families and real estate investors.

Current Market Conditions in New Ulm, MN

The real estate market in New Ulm is thriving, with a balanced demand for both single-family homes and rental properties. Home prices have shown steady appreciation, making it a favorable market for investors looking for long-term gains.

Recent development projects and an increase in local employment opportunities have sparked interest in New Ulm, with many new residents drawn to its appeal. This trend suggests a promising outlook for future property values.

Home Value Estimator For New Ulm, MN

There are currently 6,047 real estate properties in New Ulm, MN, with a median automated valuation model (AVM) price of $226,418.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Ulm, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Ulm, MN, is $288,409.00, with the most expensive house in New Ulm, MN, topping out at $3,739,507.00 and the cheapest home in New Ulm, MN, clocking in at $18,632.00. In other words, there’s something for every potential homebuyer or savvy investor in New Ulm, MN!

Rent Prices In New Ulm, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Ulm, MN, is on a rollercoaster ride. The average rent price in New Ulm, MN, is $1,364.00. Indeed, when looking to rent in New Ulm, MN, you can expect to pay as little as $570.00 or as much as $3,200.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in New Ulm, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

New Ulm, MN 56073 Condos

Market Trend for New Ulm, MN

Total Listings Available: 0

Market Values:

Home Prices from $18,632 to $3,739,507

Average Sales Price: $288,409

Rental Values:

Rental from $570 to $3,200

Average Rent Value: $1,364 / month

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