New Germany, Minnesota.
Typical home $399,104 (+5.1% in a year). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,058 (+102%) since Jan 2020.
- 1 year
- Up $19,222 +5%
- $379,882$399,104 since Sep 2025
- 5 years
- Up $52,468 +15%
- $346,636$399,104 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.
- New Germany$2,095
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 25 years.
Typical home values in New Germany, MN rose 5.1% over the past year — faster than the nation's +1.2%.
Living in New Germany, Carver County, Minnesota
New Germany is a city of 464 people in Carver County. Half its households earn more than $93,864 a year and half less, against $125,946 across Carver County; 5% of its people live below the poverty line. 88% of its homes are lived in by their owners and 12% are rented. Unemployment in Carver County was 4.2% in August 2026, and the county had 0.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. New Germany is a very small city in Carver County, with a young population compared with most towns and almost all of its homes lived in by their owners. Household incomes run below the county's, and typical home values are well above what many people expect for a town this size. Winters are cold, with January the coldest month, and summers are warm, with July the warmest.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops, and banking, insurance and property also employing many. Not many adults hold a four-year degree compared with the county as a whole, and a fair number work from home. Commutes are fairly long, and across Carver County the largest workplaces include Eastern Carver County Public School, Ridgeview Medical Center and Integer.
Things to do. Buffalo Creek runs in or beside town, and several lakes are a short drive away, including Eagle Lake, Lake Patterson and Hydes Lake. For a longer outing, the University of Minnesota Landscape Arboretum is a botanical garden a longer drive away, and Lake Minnetonka is a well-known lake a longer drive away too.
Report a mistake
- 226households
- 20%of adults have a degree
- 5%below the poverty line
- 29 mintypical commute
- 14%work from home
What residents work in
Employed residents by industry, from the Census survey. Carver County had 40,641 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 23° and lows near 4°; warmest in July, with highs near 83° and lows near 62°.
Average daily high and low, 1991–2020, at the Delano weather station, 15 miles away (NOAA).
Largest workplaces in Carver County
- Eastern Carver County Public SchoolSchool district1,331FTE
- Ridgeview Medical CenterGeneral hospital1,114FTE
- Diagnostics : Beckman Coulter - ChaskaIn-vitro diagnostic substances manufacturing1,051
- IntegerMedical device manufacturing702
- IWCO ChanhassenCommercial printing669
- Entegris - ChaskaDrums, plastics, manufacturing650
- Emerson Automation Solutions - ChanhassenControllers for process variables manufacturing583
- Carver CountyGeneral public administration563
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 150 workplaces with 20 or more staff, 20,051 people in all across the county; New Germany has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- HailRelatively moderate
- Cold wavesRelatively moderate
- TornadoesRelatively moderate
- Heat wavesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in New Germany’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Carver County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
New Germany home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- New Germany$399,104
- Minnesota$348,778
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- New Germany6
Zip codes with a New Germany address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls New Germany — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.