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Advertise here →Red Wing, MN · Market Data
Red Wing, Minnesota real estate market data.
Real estate market data for Red Wing, MN (Goodhue County) — Census median home value $224,800, county listing prices roughly flat over the past year.
Red Wing, MN is in Goodhue County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 16,660, with a median household income of $65,259. Census data puts Red Wing's median home value at $224,800 (all owner-occupied homes); Goodhue County's current median listing price runs $357,450, roughly flat over the past year.
At a glance
Red Wing market snapshot
Population
16,660
Median Household Income
$65,259
Median Home Value (city)
$224,800
Median Listing Price (Goodhue County)
$357,450
Median Gross Rent
$954/mo
Price Trend (YoY)
+0.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Red Wing different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Red Wing's median home value — across all owner-occupied homes, not just recent sales — at $224,800. Separately, Goodhue County's current median listing price (via Realtor.com data, 2026-06-01) runs $357,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Goodhue County's FHFA house price index shows a 3.18% annual change in 2025.
Population & Income
Red Wing has an estimated population of 16,660 and a median household income of $65,259, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Red Wing's Census-reported median home value works out to about 3.4x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Red Wing FAQ
What are home values like in Red Wing, MN?
The Census Bureau's American Community Survey puts Red Wing's median home value at $224,800. Goodhue County's current median listing price runs $357,450, roughly flat over the past year.
What is the population of Red Wing, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Red Wing's population at approximately 16,660.
What's the median rent in Red Wing, MN?
The Census ACS estimates median gross rent in Red Wing at approximately $954 per month.
What is the median household income in Red Wing, MN?
Census ACS data puts the median household income in Red Wing at approximately $65,259.
Is the Red Wing housing market growing?
Goodhue County's FHFA house price index shows a 3.18% annual change in 2025.
Is Red Wing, MN affordable relative to income?
Census ACS data puts Red Wing's median home value at about 3.4 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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