New Ulm, TX—78950
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Ulm, TX
As of Oct '25, the median home price in New Ulm, TX is $610,000, with a year-over-year change of 0.0%. This indicates that home prices in New Ulm, TX are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $610,000 | 0.0% |
| Single Family | $608,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Ulm, TX
As of July '25, Rentcast reports the average rent in New Ulm, TX is $3,750, with a year-over-year rent change of 158.6%. Per bedroom, the median rent as of July '25 in New Ulm, TX is 3-bedrooms: $3,750. The most common rental property sizes in New Ulm, TX are 2-bedroom and 3-bedroom, accounting for 54.4% and 40.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $3,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,750 | $3,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Ulm, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in New Ulm, TX is 125. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $695,000 | 36.0% |
Listing Count | 14 | 111.0% |
| Listings as % of Homes | 0.8% | 111.0% |
Days on Market | 125 | 43.0% |
Demographics — New Ulm, TX
As of the latest ACS Survey released in 2023, New Ulm, TX has a population of 2,240, which has increased by 25.7% over the past 5 years. New Ulm, TX is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,240 | 25.7% |
% Under 18 | 23.2% | 52.6% |
% Seniors | 27.0% | 28.6% |
% WFH | 16.0% | 300.0% |
% w/ College Degree | 28.6% | 81.0% |
As of the latest ACS Survey released in 2023, New Ulm, TX is a predominantly white area, with 75.8% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in New Ulm, TX is hispanic, making up 12.7% of the population. Foreign-born residents account for 4.1% of the population in New Ulm, TX, and this percentage has increased by 173.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.8% | -1.3% |
% Black | 8.6% | -38.6% |
% Hispanic | 12.7% | 38.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.1% | 173.3% |
Mortgage and Risk — New Ulm, TX
According to HUD data as of 2023, there were 45 mortgage originations in New Ulm, TX, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in New Ulm, TX. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 4.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — New Ulm, TX
New Ulm, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | -$2,440 | $3,750 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — New Ulm, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $610,000 |
| Median Household Income | $105,000 |