HomeMinnesotaBrown CountyNew Ulm city
New Ulm city, Minnesota: commercial real estate data.
New Ulm city is a Census city of 14,056 people across 10.17 square miles of land, in Brown County. Median household income is $64,449, 75.1 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $5.6 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
New Ulm
What New Ulm is
- Census place typecity
- Land area10.17 sq mi
- Water area0.14 sq mi
- Population per square mile of land1,383
- County holding the largest share of its areaBrown County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Ulm
How many people live in New Ulm
- Population14,056
- Median age39.3
- Population under 183,015
- Share under 1821.4 percent
- Population 65 and over2,869
- Share 65 and over20.4 percent
- Households6,081
- Family households3,482
- Share of households that are families57.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Ulm
Income and work in New Ulm
- Median household income$64,449
- Per capita income$35,978
- Civilian labor force7,262
- Employed7,047
- Unemployed215 plus or minus 136
- Unemployment rate3.0 percent plus or minus 1.9
- Adults 25 and over9,477
- Adults 25 and over with a high school diploma or higher91.9 percent
- Adults 25 and over with a bachelor degree or higher27.9 percent
- Adults 25 and over with a graduate degree10.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Ulm
Housing in New Ulm
- Housing units6,377
- Occupied units6,081
- Vacant units296 plus or minus 118
- Vacancy rate4.6 percent plus or minus 1.8
- Owner occupied4,565
- Renter occupied1,516
- Ownership rate75.1 percent
- Median owner-occupied home value$204,200
- Median gross rent, monthly$962
- Annual rent as a share of median income17.9 percent
- Single family units4,897
- Share single family76.8 percent
- Units in buildings of two or more1,176
- Share in buildings of two or more18.4 percent
- Mobile homes304 plus or minus 109
- Median year structure built1966
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Ulm
How New Ulm gets to work
- Workers 16 and over who commute6,551
- Commuting under 15 minutes5,103
- Share commuting under 15 minutes77.9 percent
- Commuting 30 minutes or more842
- Share commuting 30 minutes or more12.9 percent
- Drove alone79.6 percent
- Carpooled7.7 percent plus or minus 2.2
- Public transport0.7 percent plus or minus 0.5
- Walked5.6 percent plus or minus 1.4
- Worked from home5.6 percent plus or minus 1.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Ulm
SBA loans in New Ulm (7(a))
- Approvals18
- Gross approval$5,649,800
- Average approval$313,878
- Median approval$182,000
- Ninetieth percentile approval$1,600,000
- Largest approval$1,625,000
- Jobs supported119
- Jobs per approval6.6
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises5.6 percent
- Distinct lenders6
- Distinct industries by NAICS17
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Ulm
SBA loans in New Ulm (504)
- Approvals16
- Gross approval$6,528,000
- Average approval$408,000
- Median approval$301,000
- Largest approval$1,437,000
- Jobs supported58
- Loans with a final outcome6
- Charged off0
- Median term240 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Brown County, not New Ulm
Brown County context, not New Ulm figures
These are Brown County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Ulm measurements.
- Establishments in Brown County786
- Employment at those establishments, Brown County12,995
- Covered employment, Brown County13,221
- Average annual pay, Brown County$55,442
- Average weekly wage, Brown County$1,066
- Housing units permitted, Brown County35
- Of those, single family, Brown County27
- County product, 2024, Brown County$2,006,082,000
- County product change over the prior year, Brown County7.0 percent
- Average income of an arriving household, Brown County$52,384
Every figure in this section is published for Brown County as a whole and is not a measurement of New Ulm. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Ulm questions, answered from the record.
How many people live in New Ulm, Minnesota?
14,056, in 6,081 households. New Ulm city covers 10.17 square miles of land, which is 1,383 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Ulm in?
Brown County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Ulm?
$64,449. The median owner-occupied home is valued at $204,200. Median gross rent is $962 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Ulm businesses?
18 7(a) approvals totalling $5.6 m, across 6 lenders, median approval $182,000, plus 16 504 approvals worth $6.5 m. These count approvals to borrowers whose address is in New Ulm, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Ulm borrowers get paid back?
No rate is published for New Ulm. only 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page New Ulm figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Brown County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Ulm.
Is zoning published for New Ulm?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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