ZIP 56273 · New London, Minnesota

Population

4,956 people call ZIP 56273 home.

4,956

people.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Rent

Median rent is up 14% since the 2010–2014 survey, before inflation.

$956

a month. Minnesota's median is $1,280.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Room to build

The median rent sits inside what local wages can carry.

$905–$1,358

is the monthly rent range local workforce wages support.

• $956 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

72% of the housing here was built before 2000.

• 72% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.1–0.6% to the 2,344 homes here.

2–14

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 3% less than Minnesota's.

$320,100

median home value in ZIP 56273.

• $320,100 ZIP 56273
• $329,300 Minnesota
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year