Home Price Key
Affordable
Average
Expensive
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 $288,000, higher than the Minnesota average of $269,934.
The average cost of rent is $703/mo in Red Rock, primarily driven by the current value of real estate in the Red Rock area. While nearly 48.91% of residents own their homes outright in Red Rock, 18.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Rock is $5,367 per month. Households that rent pay about 13.10% 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.
Nearby Cities
- Grand Portage, MN: equally priced homes
- Pigeon River, MN: equally priced homes
- Hovland, MN: equally priced homes
- Maple Hill, MN: equally priced homes
- Grand Marais, MN: less expensive homes
- Lutsen, MN: equally priced homes
- Tofte, MN: equally priced homes
- Taconite Harbor, MN: less expensive homes
- Schroeder, MN: less expensive homes
- Oskar, MI: less expensive homes
Cities with Similar Populations
- Andover Junction, NJ: higher priced homes
- Ashly, LA: less expensive homes
- Ashland, WV: less expensive homes
- Balltown, IA: less expensive homes
- Armstrong, OK: less expensive 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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