Housing & Real Estate — Red Wing, Minnesota
Overview
| Total Housing Units | 7,730 |
|---|
| Occupied | 7,376 |
|---|
| Vacant | 354 |
|---|
| Owner-Occupied | 5,219 |
|---|
| Renter-Occupied | 2,157 |
|---|
| Median Home Value (Census) | $237,300 |
|---|
| Estimated 2026 | ~$270,000 |
|---|
| Median Rent | $954/mo |
|---|
| Median Property Tax | $2,776/yr |
|---|
Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
|---|
| Rent as % of Income | 17.0% |
|---|
| Severely Rent-Burdened | 41.9% |
|---|
Housing Age
| Built 2010 or later | 365 |
|---|
| Built 2000-2009 | 639 |
|---|
| Built 1990-1999 | 862 |
|---|
| Built before 1960 | 3,022 |
|---|
| Median Year Built | 1971 |
|---|
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
