The story of this market
The typical home in ZIP 56073 sells for about $259,000, or $142 per square foot.
Prices are roughly flat from a year ago (+0.5%), a market in balance. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $959 a month.
ZIP 56073 — New Ulm
The housing market in 56073 is a competitive seller's market with limited inventory and strong buyer demand. Prices remain stable with high owner-occupancy rates, reflecting a consistent local economy.
This ZIP is well-suited for families and long-term residents seeking an established, quiet community with high owner-occupancy and relatively affordable housing.
Median prices moved up 0.5% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 8.2% — a stable, low-distress profile.
ZCTA 56073, Brown County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the area, such as New Ulm High School and Middle School, generally hold B+ ratings, reflecting a standard quality characterization for the district.
The area faces relatively low natural hazard risk overall according to FEMA NRI, with primary concerns being cold waves, drought, and strong winds.
The city maintains a stable economic base centered on local industry and services, with historical attractions like the Hermann Heights Monument supporting tourism.
Property tax is administered at the county level by Brown County; specific rates and formulas are determined by state, county, and local school district levies.
The vast majority of residents commute via personal vehicle, with short average travel times indicating most employment is local or within the immediate region.
Local amenities include Flandrau State Park, which provides significant hiking and outdoor recreation opportunities.
The rental market is characterized by low vacancy rates and stable demand, typical of a smaller, established regional hub.
The local economy is supported by a mix of manufacturing, healthcare, and service industries typical of the New Ulm regional hub.
Transportation is primarily reliant on personal vehicle use via regional highway corridors.
Parcels are subject to levies from Brown County, the City of New Ulm, and the local school district.
Property insurance posture is influenced by regional climate risks including wind and severe winter weather.
Data retrieved from data.census.gov ZCTA 56073 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides significant hiking and outdoor recreation opportunities.
Historical attraction supporting local tourism.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.