Newfolden, MN
Population 468 · Minnesota
About Newfolden, MN
Newfolden is a small community located in Minnesota with a population of 468 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,000 per year, which is 8% below the national median of $75,149. The median age of 34.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Newfolden features a median home value of $143,800, which is 41% below the national median of $244,900. This makes Newfolden one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $883, 24% below the national average of $1,163/month. Of the 178 total housing units, 70% are owner-occupied (114 units) and 30% are renter-occupied (48 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newfolden shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newfolden have an average one-way commute time of 21.8 minutes.
Education & Demographics
24.6% of Newfolden residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.3% White, 0.2% Hispanic or Latino, 1.5% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Newfolden, MN
Compared to national averages, Newfolden has a median household income of $69,000 (8% below the national median of $75,149). Home values average $143,800, which is 41% below the national median. Monthly rent at $883 is 24% below the US average of $1,163. Within Minnesota, Newfolden's income is 7% below the state average of $74,221, and home values are 30% below the state median of $204,472.
Why Live in Newfolden, MN?
Newfolden offers affordable housing with a median home value of $143,800, below the US average of $244,900, and rent that’s lower than the national average at $883/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a low poverty rate of 11.4%, better than the national average, and short commute times averaging just 21.8 minutes.
Potential considerations include median household income ($69,000) that falls below the national average. However, Newfolden’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newfolden has a population of 468 with a median age of 34.5 years. Compare Newfolden with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Newfolden
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Willernie | 466 | $82,321 | $307,000 | Compare |
| Carlos | 465 | $65,625 | $174,600 | Compare |
| Ellsworth | 471 | $58,438 | $85,700 | Compare |
| Randolph | 465 | $101,786 | $268,800 | Compare |
| Jenkins | 472 | $70,500 | $265,900 | Compare |
| Fifty Lakes | 463 | $79,773 | $401,000 | Compare |
| Brandon | 462 | $64,625 | $174,000 | Compare |
| Racine | 476 | $95,125 | $239,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Newfolden With Other Cities
Frequently Asked Questions about Newfolden
What is the population of Newfolden, MN?
The population of Newfolden, MN is 468 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Newfolden?
The median household income in Newfolden, MN is $69,000 per year, which is 8% below the national median of $75,149.
What is the median home value in Newfolden?
The median home value in Newfolden, MN is $143,800, which is 41% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newfolden?
The median monthly rent in Newfolden, MN is $883, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Newfolden?
The unemployment rate in Newfolden, MN is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Newfolden, MN a good place to live?
Newfolden offers a moderate cost of living, affordable housing, and a strong job market. With a population of 468 and a median age of 34.5, the city appeals to young professionals and families.
How educated is Newfolden, MN?
24.6% of residents in Newfolden aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Newfolden?
Key cost-of-living indicators for Newfolden, MN: median home value is $143,800 (41% below national), median rent is $883/month, and median household income is $69,000. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newfolden?
The poverty rate in Newfolden, MN is 11.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Newfolden, MN?
Newfolden's population is 1.3% White, 0.2% Hispanic or Latino, 1.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.