Home prices
New Germany's median home value is $150,000. It is roughly $37,520 (20%) lower in comparison to its nearby areas.It is roughly $67,500 (31%) lower compared to the US as a whole, and is roughly $101,600 (40%) lower in comparison to the city of Minneapolis.
Rents
New Germany's median rent is $783 a month. It is approximately $13 (1%) higher compared to other places in this area.It is roughly $279 (26%) lower compared to the nation as a whole, and compared to the city of Minneapolis it is about $244 (23%) lower.
Nearby places
Lester Prairie
Lester Prairie is about 2 miles west of New Germany. The real estate prices there are similar. The cost of the median home in Lester Prairie is $149,800, which is very similar to New Germany. Rents there are a lot less expensive. Lester Prairie's median monthly rent is $543, which works out to $240 (44%) lower than New Germany.
Mayer
Mayer is about 3 miles east from New Germany. Its real estate prices are significantly more expensive. The price of the median home in Mayer is $232,400, which works out to $82,400 (35%) higher than New Germany. Rent there is a little more expensive. Mayer's median monthly rent is $986, which comes out to $203 (20%) higher than New Germany.
Winsted
Winsted is approximately 5 miles northwest from New Germany. Its real estate prices are a bit more expensive. The value of the median home in Winsted is $159,300, which is $9,300 (5%) higher than New Germany. The rent there is a bit less expensive. In Winsted the median monthly rent is $706, which comes out to $77 (10%) lower than New Germany.
Watertown
Watertown is approximately 7 miles northeast from New Germany. Real estate prices there are somewhat more expensive. The value of the median home in Watertown is $208,300, which works out to $58,300 (27%) higher than New Germany. Rent there is somewhat less expensive. The median monthly rent in Watertown is $694, which comes out to $89 (12%) lower than New Germany.
Norwood Young America
Norwood Young America is approximately 7 miles south from New Germany. Its housing prices are somewhat more expensive. The cost of the median home in Norwood Young America is $187,800, which works out to $37,800 (20%) higher than New Germany. The rent there is a little more expensive. The median rent in Norwood Young America is $922 per month, which works out to $139 (15%) higher than New Germany.
