The Most Affordable Neighborhoods in Redwood County, MN by Home Value

Home Price Key

These days, finding an affordable place to live in the Redwood County area can be challenging. Home prices in Redwood County are now at a median cost of $123,137, lower than the Minnesota average of $269,934.

The average cost of rent is $729/mo in Redwood County, primarily driven by the current value of real estate in the Redwood County area. While nearly 53.77% of residents own their homes outright in Redwood County, 21.94% rent.

Housing affordability isn’t just about home prices, though. The average household income in Redwood County is $4,945 per month. Households that rent pay about 14.74% of their income on rent here. Redwood County's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the county.

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