Commercial Real Estate Market in New Richland, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 99 off-market properties in New Richland, MN.
Market Trends
New Richland, MN spans 121.0 square miles in Waseca County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Richland, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in New Richland, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in New Richland, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in New Richland, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
New Richland, MN has 2,401 residents in 1,034 households. Density runs 20 people per square mile. Median household income here is $77,917 and median gross rent $775 a month.
2,401
Population
1,034
Households
2.3
Avg Household Size
45
Median Age
19%
College-Educated
95%
High-School Grad
121 sq mi
ZIP Area
20
Density / Sq Mi
$77,917
Median Household Income
$42,679
Median Earnings
$775
Median Rent
$200,000
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's New Richland market data come from?
Realmo compiles New Richland, MN figures from 8 recent recorded sales, 2 active sale listings, 99 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in New Richland, MN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
