New Ulm, MN home prices
Typical home $247,203 · +7.2% in a year · income needed $71,400
The New Ulm, MN metro area ranks 461 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +7.2% in a year and +35.4% over five years. With 20% down at 7.11%, the typical home costs about $1,667 a month including 1.03% property tax (Brown County rate).
Mortgage on the typical New Ulm home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,441 | $197,762 | $1,330 | $0 | $336 | $1,667 | $71,400 |
| 10% down | $24,720 | $222,483 | $1,497 | $93 | $336 | $1,926 | $82,500 |
| 5% down | $12,360 | $234,843 | $1,580 | $98 | $336 | $2,014 | $86,300 |
| 3.5% down (FHA) | $8,652 | $242,726 | $1,633 | $109 | $336 | $2,079 | $89,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.03% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the New Ulm area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Brown County, MN | $247,202 | +7.2% | 1.03% |
What can you afford in Minnesota on your salary? · Minnesota home prices · Salaries in Minnesota
Frequently asked questions
How much is a house in New Ulm?
The typical home in the New Ulm, MN metro area is worth $247,203 (Zillow, September 2026).
What salary do you need to buy a house in New Ulm?
About $71,400 a year for the typical home with 20% down at 7.11%.