HomeMinnesotaWaseca CountyNew Richland
New Richland, Minnesota: commercial real estate data.
New Richland 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in New Richland (7(a))
- Approvals3
- Gross approval$2,945,000
- Average approval$981,667
- Median approval$500,000
- 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
Counted by borrower city: approvals to borrowers whose address is in New Richland, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Richland
SBA loans in New Richland (504)
- 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
Counted by borrower city: approvals to borrowers whose address is in New Richland, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New Richland
Flood risk in New Richland
- NFIP communityCity of New Richland
- NFIP community number270497
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date(NSFHA)
The City of New Richland participates in the National Flood Insurance Program as community 270497 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Waseca County, not New Richland
Waseca County context, not New Richland figures
- Establishments in Waseca County426
- Covered employment, Waseca County5,530
- Average annual pay, Waseca County$54,072
- Housing units permitted, Waseca County25
Every figure in this section is published for Waseca County as a whole and is not a measurement of New Richland.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $2.9 m since FY2020, across 2 lenders, median approval $500,000, plus 1 504 approvals worth $160,000 since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Richland in the National Flood Insurance Program?
Yes. New Richland appears in the FEMA Community Status Book as New Richland, city of, community 270497, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Richland figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
Nearby