Red Wing Metro Area, MN Housing

Red Wing, MN Metro Area is a great place to live with its median house value at $290,400. This is slightly lower than the US median house value of $338,100. The US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate for houses in Red Wing, MN Metro Area stands at 8.87%. This indicates that the housing market in Red Wingis performing better than the national average over the past year. With higher appreciation rates and affordable housing prices, Red Wingis an attractive area to live and invest in real estate.

The median home cost in Red Wing Metro Area is $290,400. Home appreciation the last 10 years has been 89.1%. Home Appreciation in Red Wing Metro Area is up 11.9%.

Average Age of Homes

- The median age of Red Wing Metro Area real estate is 44 years old

The Rental Market in Red Wing Metro Area

- Renters make up 22.0% of the Red Wing Metro Area population
- 0.5% of houses and apartments in Red Wing Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Red Wing, Minnesota	United States
	20,796.0	139,647,020.0
	48	42
	$290,400	$338,100
	11.9%	16.6%
	47.3%	57.0%
	89.1%	101.1%
	$11.03	$10.98
	$2,471	$2,690
	71.8%	57.4%
	5.8%	11.2%
	22.4%	31.4%
Vacant Housing
	0.5%	1.9%
	0.5%	0.4%
	0.3%	0.7%
	0.4%	0.4%
	2.5%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	4.4%	2.6%
	1.4%	2.4%
	0.7%	2.8%
	1.8%	3.9%
	2.3%	4.5%
	11.9%	11.3%
	20.0%	13.0%
	29.3%	20.1%
	14.7%	13.6%
	5.9%	8.3%
	5.0%	9.7%
	1.5%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	13.1%	13.6%
	13.1%	13.6%
	12.4%	13.6%
	9.9%	13.2%
	15.5%	14.8%
	12.4%	13.6%
	7.6%	10.0%
	3.3%	4.7%
	24.9%	12.2%

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