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MN area data

New Richland, MN

New Richland, MN.

Population: 2,228 (Census ACS)

Home values & appreciation

Median home value
$280,954
1-year appreciation
+5.6%
3-year appreciation
+18.1%
5-year appreciation
+32.7%
10-year appreciation
+87.0%
All-time peak (2026-07)
$280,954
House Price Index
429.3 (+3.3% YoY)

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
1
Elementary schools
0
Middle schools
0
High schools
1

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
drought, strongWind

Climate (30-year normals)

Average annual temperature
46.0°F
Average high
55.0°F
Average low
36.0°F
Annual precipitation
35.7 in

Amenities

Nearest airport
Waseca Municipal Airport (6 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Migration

Net migration
-52 tax filers

Housing stock

Median year housing built
1,957
Median annual property tax
$1,863
Mean commute to work
26 min
Households with broadband internet
56.1%

Employment & development

Total county employment
4,216
Average weekly wage
$950
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
25

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents