City

NEW RICHLAND, MN

Albert Lea, MN

Median home value: $247K (+6.3% YoY). Part of Albert Lea, MN.

Limited Data

Basic Zillow data only. For stress scores, AI analysis, and trends, Albert Lea, MN metro page.

Home Value$247,307
+6.3%
AFFORDABILITY

Enter your income for New Richland.

$49,461 on $247,307
Affordable — 25.1% of income

Under the 28% guideline.

PITI$1,567
P/I25.1%
Afford$276K
Room+$29K
P&I $1,186Tax $231Ins $150
6.00% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
New Richland Housing Market | CrashWatch