The housing market in Redwood, MN County is thriving. The median value of a house in the county is $140,500, which is significantly lower than the US median of $338,100. Despite this difference, both markets have seen similar annual appreciation rates over the past year - 8.27% for the US and 8.20% for Redwood County. This shows that the housing market in Redwood is keeping pace with that in other parts of the country. With such high levels of appreciation, it's a great time to buy or sell a home in Redwood County.
The median home cost in Redwood County is $140,500. Home appreciation the last 10 years has been 63.4%. Home Appreciation in Redwood County is up 12.9%.
Average Age of Homes
- The median age of Redwood County real estate is 59 years old
The Rental Market in Redwood County
- Renters make up 19.0% of the Redwood County population
- 1.4% of houses and apartments in Redwood County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.