HomeMinnesotaWaseca CountyNew Richland city
New Richland city, Minnesota: commercial real estate data.
New Richland city is a Census city of 1,184 people across 0.59 square miles of land, in Waseca County. Median household income is $67,000, 86.1 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $2.9 m.
76 sourced place values · tier FULL · 8 sections
New Richland
What New Richland is
- Census place typecity
- Land area0.59 sq mi
- Water area0 sq mi
- Population per square mile of land2,003
- County holding the largest share of its areaWaseca 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 Richland
How many people live in New Richland
- Population1,184
- Median age38.9
- Population under 18254 plus or minus 53
- Share under 1821.5 percent
- Population 65 and over319 plus or minus 73
- Share 65 and over26.9 percent
- Households460
- Family households309
- Share of households that are families67.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richland
Income and work in New Richland
- Median household income$67,000
- Per capita income$33,028
- Civilian labor force598
- Employed593
- Unemployed5 plus or minus 7
- Unemployment rate0.8 percent plus or minus 1.2
- Adults 25 and over752
- Adults 25 and over with a high school diploma or higher96.5 percent
- Adults 25 and over with a bachelor degree or higher17.6 percent plus or minus 5.1
- Adults 25 and over with a graduate degree3.3 percent plus or minus 2.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richland
Housing in New Richland
- Housing units494
- Occupied units460
- Vacant units34 plus or minus 29
- Vacancy rate6.9 percent plus or minus 5.8
- Owner occupied396
- Renter occupied64 plus or minus 26
- Ownership rate86.1 percent
- Median owner-occupied home value$137,000
- Median gross rent, monthly$585 plus or minus $150
- Annual rent as a share of median income10.5 percent plus or minus 3.3
- Single family units428
- Share single family86.6 percent
- Units in buildings of two or more66 plus or minus 31
- Share in buildings of two or more13.4 percent plus or minus 6.0
- Mobile homes0
- Median year structure built1950
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richland
How New Richland gets to work
- Workers 16 and over who commute551
- Commuting under 15 minutes144 plus or minus 41
- Share commuting under 15 minutes26.1 percent plus or minus 6.4
- Commuting 30 minutes or more253 plus or minus 69
- Share commuting 30 minutes or more45.9 percent plus or minus 10.5
- Drove alone82.1 percent
- Carpooled7.2 percent plus or minus 3.4
- Public transport0.5 percent plus or minus 0.7
- Walked4.1 percent plus or minus 2.0
- Worked from home6.1 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Richland
SBA 7(a) lending to New Richland borrowers
- Approvals3
- Gross approval$2,945,000
- Average approval$981,667
- Median approval$500,000
- Ninetieth percentile approval$2,345,000
- Largest approval$2,345,000
- Jobs supported15
- Jobs per approval5.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 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 Richland
SBA 504 lending to New Richland borrowers
- Approvals1
- Gross approval$160,000
- Average approval$160,000
- Median approval$160,000
- Largest approval$160,000
- Jobs supported0
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Waseca County, not New Richland
Waseca County context, not New Richland figures
These are Waseca 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 Richland measurements.
- Establishments in Waseca County426
- Employment at those establishments, Waseca County4,108
- Covered employment, Waseca County5,530
- Average annual pay, Waseca County$54,072
- Average weekly wage, Waseca County$1,040
- Housing units permitted, Waseca County25
- Of those, single family, Waseca County25
- County product, 2024, Waseca County$1,256,325,000
- County product change over the prior year, Waseca County11.0 percent
- Average income of an arriving household, Waseca County$54,386
Every figure in this section is published for Waseca County as a whole and is not a measurement of New Richland. 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 Richland questions, answered from the record.
How many people live in New Richland, Minnesota?
1,184, in 460 households. New Richland city covers 0.59 square miles of land, which is 2,003 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Richland in?
Waseca 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 Richland?
$67,000. The median owner-occupied home is valued at $137,000. Median gross rent is $585 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 Richland businesses?
3 7(a) approvals totalling $2.9 m, across 2 lenders, median approval $500,000, plus 1 504 approvals worth $160,000. These count approvals to borrowers whose address is in New Richland, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Richland borrowers get paid back?
No rate is published for New Richland. only 0 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 Richland figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Waseca 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 Richland.
Is zoning published for New Richland?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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