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New Ulm

Learn about the people, housing, costs and businesses in New Ulm, Texas

Median Home$430,600
Median Rent$1,281/month
Population288
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Professional Services31% public administration
Home Value Growth⬆⬆⬆+25.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners85% of occupied units
NotableHighly Educated28% bachelor's · 13% graduate · top 12% nationally
NotableHigh Incomes$106k/year · top 14% nationally
New Ulm
TX

Frequently Asked Questions

What are today's mortgage rates in New Ulm?

As of today, the 30-year fixed mortgage rate for New Ulm is approximately 6.928% (6.965% 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 Ulm?

The median home value in New Ulm is $431k. The median monthly rent is $1,281. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Ulm?

Home values in New Ulm have increased 25.2% 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 Ulm?

Based on a typical all-in ownership cost of $1,096/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Ulm is $106k/year.

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What industries drive the economy in New Ulm?

The largest employment sectors in New Ulm are public administration (31%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.