New Germany, MN—55367
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Germany, MN
As of Oct '25, the median home price in New Germany, MN is $380,000, with a year-over-year change of 1.4%. This indicates that home prices in New Germany, MN are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $380,000 | 1.4% |
| Single Family | $380,000 | 1.6% |
| 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 | $343,000 | 0.3% |
4 Bed | $443,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Germany, MN
As of July '25, Rentcast reports the average rent in New Germany, MN is $1,500, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in New Germany, MN is 3-bedrooms: $1,500. The most common rental property sizes in New Germany, MN are 2-bedroom and 3-bedroom, accounting for 64.4% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — New Germany, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in New Germany, MN is 85. This is a increase of 39.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $990,000 | 20.0% |
Listing Count | 3 | -54.0% |
| Listings as % of Homes | 0.7% | -54.0% |
Days on Market | 85 | 39.0% |
Demographics — New Germany, MN
As of the latest ACS Survey released in 2023, New Germany, MN has a population of 1,090, which has increased by 8.2% over the past 5 years. New Germany, MN is a popular place for families, as children make up 29.7% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,090 | 8.2% |
% Under 18 | 29.7% | 15.1% |
% Seniors | 11.9% | -3.3% |
% WFH | 10.7% | 174.4% |
% w/ College Degree | 18.2% | 1.1% |
As of the latest ACS Survey released in 2023, New Germany, MN is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in New Germany, MN is hispanic, making up 8.0% of the population. Foreign-born residents account for 0.5% of the population in New Germany, MN, and this percentage has decreased by 73.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.5% | -6.5% |
% Black | 1.6% | ∞% |
% Hispanic | 8.0% | 185.7% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 0.5% | -73.7% |
Mortgage and Risk — New Germany, MN
New Germany, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — New Germany, MN
New Germany, MN 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 | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | $470 | $1,500 | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — New Germany, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $380,000 |
| Median Household Income | $89,900 |