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ZipNumbers

Minnesota · Census place 45520

Newfolden city, MN

Quick answer

Newfolden city has 468 residents, ranking #517 of 914 places in Minnesota. Median household income is $69,000, the median home is worth $143,800 and median gross rent runs $883 a month.

Population
468Newfolden city residents
Median household income
$69,000Past 12 months, inflation adjusted
Median home value
$143,800Owner-occupied units
Median gross rent
$883Rent plus utilities, monthly
Median age
34.5 yrsAll residents
Homeownership rate
70.4%Owner-occupied households

What the numbers mean in Newfolden city

Housing cost measured against local earnings.

A household earning the Newfolden city median would spend about 15.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.4% of residents and 70.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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