56042
New Richland, Minnesota.
New Richland, Freeborn County, MN · Albert Lea, MN metro · population 751
to buy the typical home at today's mortgage rate — +$775 (+137%) since Jan 2020.
- 1 year
- Up $24,576 +11%
- $230,531$255,107 since Sep 2025
- 5 years
- Up $64,594 +34%
- $190,513$255,107 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.
- 56042$1,339
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in zip 56042 rose 10.7% over the past year — faster than the nation's +1.2%.
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 — 56042
Mid-tier homes, smoothed and seasonally adjusted.
- 56042$255,107
- Albert Lea$197,426
- 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 |
|---|---|---|---|---|---|
| 4.3 | 56032 | Freeborn | 407 | — | $140,979 |
| 6.6 | 56072 | New Richland | 2,228 | — | $273,303 |
| 7.3 | 56016 | Clarks Grove | 989 | — | $223,789 |
| 10.6 | 56009 | Alden | 1,527 | — | $238,117 |
| 10.8 | 56026 | Ellendale | 2,124 | — | $301,670 |
| 10.8 | 56035 | Geneva | 387 | — | $225,616 |
| 12.7 | 56007 | Albert Lea | 21,377 | $1,043 | $182,428 |
| 12.9 | 56097 | Wells | 3,487 | — | $185,145 |
| 12.9 | 56091 | Waldorf | 256 | — | $208,068 |
| 14.0 | 56045 | Hollandale | 922 | — | $196,172 |
| 16.5 | 56043 | Hayward | 423 | — | $218,164 |
| 16.6 | 56068 | Minnesota Lake | 1,041 | — | $215,236 |
| 18.0 | 56093 | Waseca | 12,672 | — | $250,149 |
| 19.4 | 56029 | Emmons | 642 | — | $187,302 |
| 19.8 | 56078 | Pemberton | 451 | — | $249,690 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.