Home Price Key
Affordable
Average
Expensive
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 $194,943, lower than the Minnesota average of $269,934.
The average cost of rent is $878/mo in Red Wing, primarily driven by the current value of real estate in the Red Wing area. While nearly 41.37% of residents own their homes outright in Red Wing, 20.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Wing is $5,648 per month. Households that rent pay about 15.55% of their income on rent here. Red Wing's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Wacouta, MN: higher priced homes
- Esdaile, WI: equally priced homes
- Hager City, WI: higher priced homes
- Bay City, WI: equally priced homes
- Welch, MN: higher priced homes
- Vasa, MN: higher priced homes
- Warrentown, WI: higher priced homes
- Moeville, WI: higher priced homes
- Frontenac, MN: higher priced homes
- Goodhue, MN: higher priced homes
Cities with Similar Populations
- Clayton, MO: higher priced homes
- Tillmans Corner, AL: less expensive homes
- Three Lakes, FL: higher priced homes
- Thompsons Station, TN: higher priced homes
- Theodore, AL: equally priced homes
- Taylor, TX: equally priced homes
- Tanque Verde, AZ: higher priced homes
- Taft, CA: less expensive homes
- Swansea, MA: higher priced homes
- Sunny Vista, CA: higher priced homes
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