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These days, finding an affordable place to live in the North Redwood area can be challenging. Home prices in North Redwood are now at a median cost of $179,947, lower than the Minnesota average of $345,793.
The average cost of rent is $882/mo in North Redwood, primarily driven by the current value of real estate in the North Redwood area. In North Redwood, 19.53% of households rent, and 54.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Redwood is $6,881 per month. Households that rent pay about 12.82% of their income on rent here. North Redwood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Redwood Falls, MN: equally priced homes
- Gilfillan, MN: equally priced homes
- Morton, MN: less expensive homes
- Bechyn, MN: higher priced homes
- Delhi, MN: equally priced homes
- Franklin, MN: less expensive homes
- Morgan, MN: less expensive homes
- Clements, MN: equally priced homes
- Belview, MN: equally priced homes
- Wabasso, MN: less expensive homes
Cities with Similar Populations
- Bluffton, GA: less expensive homes
- Willow Spring, VA: equally priced homes
- Brinklow, MD: higher priced homes
- Brightshade, KY: less expensive homes
- Brasher Iron Works, NY: less expensive homes
- Bowring, OK: higher priced homes
- Bowers, DE: higher priced homes
- Bowen, KY: equally priced homes
- Bovill, ID: higher priced homes
- Borden, NY: less expensive homes
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