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New Munster

Learn about the people, housing, costs and businesses in New Munster, Wisconsin

Median Home$384,600
Median Rent$1,399/month
Population281
Leading IndustriesFinance & Insurance · Information & Media · Education7% finance & insurance
Home Value Growth⬆⬆+17.8% over 2 years
Young Adults35% of residentswell above average
Homeowners80% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$91k/year · top 24% nationally
New Munster
WI

Frequently Asked Questions

What are today's mortgage rates in New Munster?

As of today, the 30-year fixed mortgage rate for New Munster is approximately 6.921% (6.958% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in New Munster?

The median home value in New Munster is $385k. The median monthly rent is $1,399. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Munster?

Home values in New Munster have increased 17.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in New Munster?

Based on a typical all-in ownership cost of $1,421/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Munster is $91k/year.

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What industries drive the economy in New Munster?

The largest employment sectors in New Munster are public administration (23%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.