Expensive
Affordable
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These days, finding an affordable place to live in the Red Rock area can be challenging. Home prices in Red Rock are now at a median cost of $255,700, lower than the Minnesota average of $345,793.
The average cost of rent is $521/mo in Red Rock, primarily driven by the current value of real estate in the Red Rock area. In Red Rock, 15.97% of households rent, and 57.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Rock is $5,355 per month. Households that rent pay about 9.73% of their income on rent here. Red Rock’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Grand Portage, MN: equally priced homes
- Pigeon River, MN: equally priced homes
- Hovland, MN: equally priced homes
- Maple Hill, MN: higher priced homes
- Grand Marais, MN: higher priced homes
- Lutsen, MN: higher priced homes
- Tofte, MN: higher priced homes
- Taconite Harbor, MN: higher priced homes
- Schroeder, MN: higher priced homes
- Oskar, MI: equally priced homes
Cities with Similar Populations
- Andover Junction, NJ: higher priced homes
- Ashly, LA: less expensive homes
- Ashland, WV: less expensive homes
- Balltown, IA: equally priced homes
- Armstrong, OK: equally priced homes
- Armour, NC: less expensive homes
- Arickaree, CO: less expensive homes
- Ardoch, ND: less expensive homes
- Arcadia, PA: less expensive homes
- Angela, MT: less expensive homes
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