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Newfolden

Learn about the people, housing, costs and businesses in Newfolden, Minnesota

Median Home$196,800
Median Rent$698/month
Population354
Leading IndustriesTransportation · Construction · Agriculture & Mining14% transportation
Home Value Growth⬆⬆⬆+25.2% over 2 years
Retirees27% of residentsabove average nationally
Homeowners90% of occupied units
Newfolden
MN

Frequently Asked Questions

What are today's mortgage rates in Newfolden?

As of today, the 30-year fixed mortgage rate for Newfolden is approximately 6.957% (6.998% 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 Newfolden?

The median home value in Newfolden is $197k. The median monthly rent is $698. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Newfolden?

Home values in Newfolden 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 Newfolden?

Based on a typical all-in ownership cost of $838/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Newfolden is $73k/year.

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What industries drive the economy in Newfolden?

The largest employment sectors in Newfolden are public administration (21%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.