Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.8 yrs |
|---|---|
| Avg HH Size | 2.63 |
| Below Poverty | 7.1% ▼ 29% below avg |
| College Grads | 34.8% ▼ 10% below avg |
| Unemployment | 4.5% ▼ 8% below avg |
| No HS Diploma | 3 (0.3%) |
| HS Graduate | 329 (38.1%) |
| Some College | 79 (9.1%) |
| Associates | 152 (17.6%) |
| Bachelors | 140 (16.2%) |
| Graduate Degree | 161 (18.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,962 ≈ Avg |
|---|---|
| Median Home Value | $180,300 ▼ 35% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $700/mo |
| Total Housing Units | 616 |
| Vacant Units | 82 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Newfolden is a city in Minnesota, located in Marshall County. The city spans 1 ZIP code and is home to approximately 1,407 residents. It is a middle-aged city, with a median age of 39.8 years.
Economically, Newfolden is a solidly middle-class community. The median household income of $70,962 is near the national average. Approximately 7.1% of residents live below the poverty line. The unemployment rate is 4.5%, near the national average.
The real estate market in Newfolden is an affordable housing market. Median home values stand at $180,300, which is below the national average. Renters typically pay around $700 per month. Homeownership is high at 85.0%, typical of suburban and family-oriented communities.
The population of Newfolden is moderately educated. 34.8% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (94.67%).
Newfolden, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56738 | 1,407 | $70,962 | $180,300 | $700 | 4.5% | 34.8% | 85.0% |