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Red Wing, MN

Full City Profile · Minnesota · Pierce County County

3.2 /5.0
B Good
16,660 Population 478/sq mi density
$65,259 Median Income $40,467 per capita
$224,800 Home Value $280,070 Zillow
$954 Median Rent 31.5% income on rent
46°F Avg Temperature 270 sunny days/yr
232 Violent Crime/100K 2,596 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$65,259 median income, 2.8% unemployment
A+
Affordability
4.7 / 5.0
$224,800 home value, $954/mo rent
F
Safety
1.0 / 5.0
232 violent crimes/100K
B
Education
3.1 / 5.0
26.2% bachelor's degree or higher

Housing Overview

Median Home Value
$224,800
20% below
US avg: $281,900
Median Rent
$954/mo
18% below
US avg: $1,163/mo
Homeownership Rate
70.8%
8% above US avg (65.4%)
Total Housing Units
7,632
Median year built: 1971

Home Value by Source

Census Median
$224,800
Zillow (ZHVI)
$280,070
Median Sale Price
$264,500
Median List Price
$284,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

70.8%
Owner-Occupied
29.2%
Renter-Occupied
71%
29%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $954/mo · Zillow rent: $1,295/mo

Market Indicators (Redfin)

Median Days on Market
82 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
18
Price Drops
18.4%
of listings with price reduction
Price Per Sq Ft
$154
Active Inventory
38
homes for sale

Affordability & Housing Stock

Rent Burden
31.5%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
70.8%

Complete Housing Data

Home Values

Census Median Value$224,800
Zillow Home Value (ZHVI)$280,070
Median Sale Price$264,500
Median List Price$284,900
Price Per Sq Ft$154

Rent

Census Median Rent$954
Zillow Rent (ZORI)$1,295
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market82
Sale-to-List Ratio1.0%
Price Drops18.4%
Homes Sold18
Active Inventory38
Price Per Sq Ft$154

Ownership & Stock

Owner-Occupied70.8%
Renter-Occupied29.2%
Homeownership Rate70.8%
Total Housing Units7,632
Median Year Built1971
Rent Burden31.5%