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Affordable
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These days, finding an affordable place to live in the Red Wing area can be challenging. Home prices in Red Wing are now at a median cost of $115,500, lower than the Arkansas average of $207,061.
The average cost of rent is $723/mo in Red Wing, primarily driven by the current value of real estate in the Red Wing area. In Red Wing, 17.09% of households rent, and 44.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Wing is $3,937 per month. Households that rent pay about 18.37% of their income on rent here. Red Wing’s most expensive areas are in the eastern 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
- Geneva, AR: equally priced homes
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Cities with Similar Populations
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- Pine Grove, AR: higher priced homes
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