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City · 8,237 residents · Scott County, Minnesota

New Prague , Minnesota

In New Prague, a typical home is worth $350,500 and typical rent is $1,389 a month. Compared with all of Scott County, typical household income is 21% lower, the typical home value is 16% lower, and the share of households that own their home is 7 points lower.

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  • Typical home value

    $350,500

    16% below the county

    6% above Minnesota

    • New Prague
    • Scott
    • Minnesota

  • Typical rent

    $1,389a month

    11% below the county

    9% above Minnesota

    • New Prague
    • Scott
    • Minnesota

  • Typical household income

    $94,539a year

    21% below the county

    6% above Minnesota

    • New Prague
    • Scott
    • Minnesota

  • Households that own their home

    77%

    7 points below the county

    4 points above Minnesota

    • New Prague
    • Scott
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$352,600
1.6% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

New Prague is in Scott County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Scott County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets New Prague apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in New Prague is $94,539, 21% less than in Scott County as a whole ($119,314).

  2. The typical home in New Prague is worth $350,500, 16% less than in Scott County as a whole ($419,400).

  3. 77% of households in New Prague own their home, against 84% in Scott County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in New Prague

What homes there are in New Prague, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in New Prague, but it weighs less than in Scott County: 65% against 71%.

Year built

In New Prague, half of the homes were built before 1994; in Scott County, before 1997.

There are fewer big homes in New Prague than in Scott County: 64% have 3 bedrooms or more, against 77%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,118 a month

Scott County: $2,329 a month

Without a mortgage

$780 a month

Scott County: $773 a month

Owners with a mortgage

70%

Scott County: 72%

Owning costs less in New Prague: with a mortgage, the typical cost is $2,118 a month; in Scott County, $2,329. Without one, $780.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Scott County, the typical home value in New Prague rose 42% since 2015–2019.

The typical rent in New Prague rose 58% over the same time; in Scott County, it rose 34%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureNew PragueScott CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimate1.7%2.3%3.4%
People per household 2.692.782.432.53
Drive alone 81%71%69%69%
Carpool 4%7%8%9%
Public transit Unreliable estimate0%2%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 11%20%18%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Scott County, a household in New Prague has 2.69 people on average.

In New Prague, 81% of workers drive alone to work; in Scott County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in New Prague?

A typical home costs more than the typical income allows

We start with a typical home in New Prague, worth $350,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in New Prague, which is $94,539 a year. For that payment to be 28% of income, a household would need to earn about $125,588 a year.

The calculator's FHA and conventional loan limits are those of all of Scott County.

Your numbers

Local data
$

Starts at the typical home value in New Prague. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,268 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,930

at 7.18% · 30 years

Loan amount
$344,151
Total interest
$495,153
Paid off in
November 2056

Includes $5,919 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,206 a month

  • Tight

    $2,206 to $2,836 a month

  • Hard

    more than $2,836 a month

    Your payment · 37%

Compared with the typical household income in New Prague ($94,539 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,930
Principal & interest$2,331
Property tax$298
Home insurance$146
FHA mortgage insurance (MIP)$155

You need at least $12,268 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

New Prague and Scott County

New Prague is in Scott County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

New Prague's own numbers

Typical home value
$350,500
Typical monthly rent
$1,389
Typical yearly household income
$94,539
Households that own their home
77%
Effective property tax rate
1.02%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Scott County

FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
0.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Scott County.

Everything about Scott County

Buying

Buying a home in New Prague

A typical home in New Prague is worth $350,500: 16% below the county and 6% above Minnesota. With the typical household income in New Prague ($94,539 a year), a typical home costs 3.7 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • New Prague 3.7 years
  • Scott 3.5 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Scott County

According to FHFA’s house price index, home prices in Scott County rose 66% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Scott County.

Period County Minnesota U.S.
Last year (2025) +2.4% +2.8% +2.9%
5 years (2020–2025) +35% +37% +47%
10 years (2015–2025) +66% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

New Prague next to Scott County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • New Prague $350,500
  • Scott $419,400
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • New Prague $1,389
  • Scott $1,568
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • New Prague $94,539
  • Scott $119,314
  • Minnesota $89,062
  • United States $80,734
See the full table
New Prague next to Scott County and Minnesota
Measure New Prague Scott County Minnesota U.S.
Typical home value $350,500 $419,400 $329,300 $332,700
Typical monthly rent $1,389 $1,568 $1,280 $1,413
Typical yearly household income $94,539 $119,314 $89,062 $80,734
Households that own their home 77% 84% 72% 65%
Typical yearly property tax $3,591 $4,230 $3,357 $3,119
Effective property tax rate 1.02% 1.01% 1.02% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Scott County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in New Prague

For a typical $350,500 home in New Prague, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, New Prague's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,930a month

    Least cash to close
    Down payment
    $12,268
    Cash to close
    $22,783
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $155

  • Conventional, 5% down $2,866a month

    Down payment
    $17,525
    Cash to close
    $28,040
    Rate
    7.18%
    Mortgage insurance
    PMI · $166

  • Conventional, 20% down, no PMI $2,343a month

    Down payment
    $70,100
    Cash to close
    $80,615
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,668a month

    Down payment
    $52,575
    Cash to close
    $63,090
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for New Prague and for Scott County.

Property tax

Effective rate in New Prague

1.02%of the home’s value each year

$3,591 a year for the typical owner in New Prague.

  • New Prague 1.02%
  • Scott 1.01%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Scott County

FEMA does not publish these numbers by city: they are for all of Scott County.

Homes in the high-risk zone
0.7%
343
Of those, with NFIP insurance
19%
County Minnesota U.S.
Homes in the high-risk zone 0.7% 0.7% 3.5%
Of those, with NFIP insurance 19% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in New Prague

Typical rent in New Prague is $1,389 a month: 11% below the county.

HUD publishes a fair market rent for all of Scott County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.

HUD fair market rent for all of Scott County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,265 $24.33 $50,600
1 bedroom $1,427 $27.44 $57,080
2 bedrooms $1,734 $33.35 $69,360
3 bedrooms $2,264 $43.54 $90,560
4 bedrooms $2,538 $48.81 $101,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in New Prague

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). New Prague is in ZIP code 56071.

For 2 bedrooms it is $1,550: $184 less than the fair market rent for Scott County ($1,734).

  • 56071 $1,550$2,070

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for New Prague when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in New Prague

HUD lists 2 buildings with rents for lower incomes in New Prague. These are the largest.

  • Millpond Apartments 210 1st Ave NW, New Prague 56071 44 low-income homes · For older adults (952) 758-4333
  • Westgate 600 1st St NW, New Prague 56071 37 low-income homes · For families (952) 758-2299

See all 29 buildings in Scott County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in New Prague

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Scott County; 1 says it serves in Spanish.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in New Prague

No down payment, repair or rent-help program on our list is for New Prague or Scott County. The ones below are statewide in Minnesota: they work in New Prague the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near New Prague

The HUD-approved agencies closest to the center of New Prague, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Scott County Community Development Agency

    100 5th Ave E, Shakopee · 17 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (952) 402-9022

  • Dakota County Community Development Agency

    1228 Town Centre Dr, Eagan · 29 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (651) 675-4400

  • Prg, Inc.

    2017 E 38th St, Minneapolis · 31 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (612) 721-7556

Every agency in Scott County All counseling agencies in Minnesota

Help in Spanish near New Prague

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of New Prague

HUD’s record names them for New Prague or Scott County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Scott County Community Development Agency Public housing and Section 8 vouchers (952) 402-9022

All housing agencies in Minnesota Source: HUD

Cities

Other cities in Scott County

These cities are also in Scott County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Scott County Housing in Minnesota

Nearby cities

The cities closest to New Prague, with the typical home value.

Neighboring counties

If Scott County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in New Prague.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about New Prague

Short answers with the numbers for New Prague and all of Scott County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in New Prague?

The typical home value in New Prague is $350,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Scott County it is $419,400.

How much does it cost to rent in New Prague?

Typical rent in New Prague is $1,389 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Scott County is $1,734.

What is the FHA loan limit in New Prague?

New Prague uses the FHA limit for all of Scott County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.

How much property tax do owners pay in New Prague?

The typical homeowner in New Prague pays $3,591 a year, according to the U.S. Census Bureau. That is 1.02% of the home’s value; in Scott County, the rate is 1.01%.

Where can I find free help to buy or rent in New Prague?

There is 1 HUD-approved counseling agency with an office in Scott County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).