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
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 Market | 82 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.4% |
| Homes Sold | 18 |
| Active Inventory | 38 |
| Price Per Sq Ft | $154 |
Ownership & Stock
| Owner-Occupied | 70.8% |
| Renter-Occupied | 29.2% |
| Homeownership Rate | 70.8% |
| Total Housing Units | 7,632 |
| Median Year Built | 1971 |
| Rent Burden | 31.5% |
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