The median home in New Richland, Minnesota is valued at $247,307, up 6.3% year over year. New Richland is part of the Albert Lea, MN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$247,307

+6.3%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$49,461 on $247,307

Example: $75,000 household income. Change it above to see your own.

Affordable26.1% of income

Under the 28% guideline.

PITI$1,631

P/I26.1%

Afford$265K

Room+$18K

P&I $1,251Tax $231Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Minnesota

Compare New Richland with other housing markets across Minnesota.

Minnetonka Beach$2.22M Woodland$1.62M Greenwood$1.6M Sunfish Lake$1.16M Orono$1.08M Medicine Lake$1.08M Tonka Bay$1.06M Deephaven$1.02M

Full Albert Lea, MN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Albert Lea, MN metro.

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New Richland, MN