56072
New Richland, Minnesota.
New Richland, Waseca County, MN · Owatonna, MN metro · population 2,228
to buy the typical home at today's mortgage rate — +$814 (+131%) since Jan 2020.
- 1 year
- Up $11,779 +5%
- $261,524$273,303 since Sep 2025
- 5 years
- Up $62,966 +30%
- $210,337$273,303 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 56072$1,434
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in zip 56072 rose 4.5% over the past year — faster than the nation's +1.2%.
This zip spans 4 counties: Waseca County, MN 78% · Steele County, MN 14% · Freeborn County, MN 8% · Faribault County, MN 0%
Zillow also publishes an index for the city itself: New Richland, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 56072
Mid-tier homes, smoothed and seasonally adjusted.
- 56072$273,303
- Owatonna$293,320
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 6.6 | 56042 | Hartland | 751 | — | $255,107 |
| 8.7 | 56032 | Freeborn | 407 | — | $140,979 |
| 8.9 | 56091 | Waldorf | 256 | — | $208,068 |
| 11.1 | 56026 | Ellendale | 2,124 | — | $301,670 |
| 11.5 | 56093 | Waseca | 12,672 | — | $250,149 |
| 12.3 | 56016 | Clarks Grove | 989 | — | $223,789 |
| 13.2 | 56035 | Geneva | 387 | — | $225,616 |
| 14.7 | 56078 | Pemberton | 451 | — | $249,690 |
| 14.8 | 56068 | Minnesota Lake | 1,041 | — | $215,236 |
| 15.7 | 56097 | Wells | 3,487 | — | $185,145 |
| 16.4 | 56009 | Alden | 1,527 | — | $238,117 |
| 17.0 | 56048 | Janesville | 4,025 | — | $293,333 |
| 17.8 | 56045 | Hollandale | 922 | — | $196,172 |
| 18.1 | 55060 | Owatonna | 29,599 | $1,081 | $295,054 |
| 18.8 | 56007 | Albert Lea | 21,377 | $1,043 | $182,428 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.