Explore New Ulm
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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 Prices in New Ulm, MN
The median home sale price in New Ulm, MN is $240,000, up 2% year-over-year. Homes in New Ulm sell in 39 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$240,000
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Median Single Family Sale Price
$250,000
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Median Townhouse Sale Price
$345,000
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Median 2 Bedroom Sale Price
$189,900
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Median 1 Bedroom Sale Price
$243,000
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Average Price Per Sq Ft
$117
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Number of Homes for Sale
19
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Last 12 months Home Sales
161
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Months of Supply
1.40
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Median List Price
$255,000
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
2%
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