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City · 16,758 residents · Goodhue County, Minnesota

Red Wing , Minnesota

In Red Wing, a typical home is worth $237,300 and typical rent is $969 a month. Compared with all of Goodhue County, typical household income is 20% lower, the typical home value is 17% lower, and the share of households that own their home is 7 points lower.

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  • Typical home value

    $237,300

    17% below the county

    28% below Minnesota

    • Red Wing
    • Goodhue
    • Minnesota

  • Typical rent

    $969a month

    About the same as the county

    24% below Minnesota

    • Red Wing
    • Goodhue
    • Minnesota

  • Typical household income

    $67,192a year

    20% below the county

    25% below Minnesota

    • Red Wing
    • Goodhue
    • Minnesota

  • Households that own their home

    72%

    7 points below the county

    About the same as Minnesota

    • Red Wing
    • Goodhue
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$281,503
about the same as 12 months ago
Typical rent
$1,443 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Red Wing is in Goodhue County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Goodhue County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Red Wing apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Red Wing is $67,192, 20% less than in Goodhue County as a whole ($84,171).

  2. The typical home in Red Wing is worth $237,300, 17% less than in Goodhue County as a whole ($285,100).

  3. 72% of households in Red Wing own their home, against 79% in Goodhue County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Red Wing

What homes there are in Red Wing, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Red Wing, 6 in 10 homes are single-family detached houses; in Goodhue County, 7.

Year built

By age, homes in Red Wing look like those in Goodhue County: the typical year built is 1971.

There are fewer big homes in Red Wing than in Goodhue County: 57% have 3 bedrooms or more, against 66%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 95% of owner-occupied homes in Red Wing are worth less than the FHA loan limit for Goodhue County ($541,287).

Monthly rent with utilities

About 66% of rented homes in Red Wing cost less than HUD's 2-bedroom fair market rent for Goodhue County ($1,172); the rest cost more.

With a mortgage

$1,715 a month

Goodhue County: $1,845 a month

Without a mortgage

$640 a month

Goodhue County: $672 a month

Owners with a mortgage

61%

Goodhue County: 62%

Owning costs less in Red Wing: with a mortgage, the typical cost is $1,715 a month; in Goodhue County, $1,845. Without one, $640.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Red Wing gained value more slowly than in Goodhue County: 36% since 2015–2019, against 40%.

Rent in Red Wing moved so little since 2015–2019 that the Census cannot say whether it rose or fell.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureRed WingGoodhue CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimate1.1%2.3%3.4%
People per household 2.192.382.432.53
Drive alone 77%78%69%69%
Carpool 10%7%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike 4%3%3%3%
Work from home 7%11%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.19 on average, against 2.38 in Goodhue County.

More people carpool to work in Red Wing than in Goodhue County: 10% against 7%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Red Wing?

A typical home is tight for the typical income

We start with a typical home in Red Wing, worth $237,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Red Wing, which is $67,192 a year. For that payment to be 28% of income, a household would need to earn about $86,299 a year.

The calculator's FHA and conventional loan limits are those of all of Goodhue County.

Your numbers

Local data
$

Starts at the typical home value in Red Wing. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $8,306 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,014

at 7.18% · 30 years

Loan amount
$233,001
Total interest
$335,234
Paid off in
November 2056

Includes $4,007 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,568 a month

  • Tight

    $1,568 to $2,016 a month

    Your payment · 36%

  • Hard

    more than $2,016 a month

Compared with the typical household income in Red Wing ($67,192 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,014
Principal & interest$1,578
Property tax$231
Home insurance$99
FHA mortgage insurance (MIP)$105

You need at least $8,306 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Red Wing and Goodhue County

Red Wing is in Goodhue County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Red Wing's own numbers

Typical home value
$237,300
Typical monthly rent
$969
Typical yearly household income
$67,192
Households that own their home
72%
Effective property tax rate
1.17%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Goodhue County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,172
Price change over 5 years (FHFA)
+41%
Homes in a high flood-risk zone
1.7%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Goodhue County.

Everything about Goodhue County

Buying

Buying a home in Red Wing

A typical home in Red Wing is worth $237,300: 17% below the county and 28% below Minnesota. With the typical household income in Red Wing ($67,192 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Red Wing 3.5 years
  • Goodhue 3.4 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Goodhue County

According to FHFA’s house price index, home prices in Goodhue County rose 78% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Goodhue County.

Period County Minnesota U.S.
Last year (2025) +3.2% +2.8% +2.9%
5 years (2020–2025) +41% +37% +47%
10 years (2015–2025) +78% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Red Wing next to Goodhue County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Red Wing $237,300
  • Goodhue $285,100
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Red Wing $969
  • Goodhue $966
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Red Wing $67,192
  • Goodhue $84,171
  • Minnesota $89,062
  • United States $80,734
See the full table
Red Wing next to Goodhue County and Minnesota
Measure Red Wing Goodhue County Minnesota U.S.
Typical home value $237,300 $285,100 $329,300 $332,700
Typical monthly rent $969 $966 $1,280 $1,413
Typical yearly household income $67,192 $84,171 $89,062 $80,734
Households that own their home 72% 79% 72% 65%
Typical yearly property tax $2,776 $2,998 $3,357 $3,119
Effective property tax rate 1.17% 1.05% 1.02% 0.94%
Renters with high rent for their income 54% 50% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Goodhue County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Red Wing

For a typical $237,300 home in Red Wing, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Red Wing's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,014a month

    Least cash to close
    Down payment
    $8,306
    Cash to close
    $15,425
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $105

  • Conventional, 5% down $1,970a month

    Down payment
    $11,865
    Cash to close
    $18,984
    Rate
    7.18%
    Mortgage insurance
    PMI · $113

  • Conventional, 20% down, no PMI $1,616a month

    Down payment
    $47,460
    Cash to close
    $54,579
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,836a month

    Down payment
    $35,595
    Cash to close
    $42,714
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Red Wing and for Goodhue County.

Property tax

Effective rate in Red Wing

1.17%of the home’s value each year

$2,776 a year for the typical owner in Red Wing.

  • Red Wing 1.17%
  • Goodhue 1.05%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Goodhue County

FEMA does not publish these numbers by city: they are for all of Goodhue County.

Homes in the high-risk zone
1.7%
307
Of those, with NFIP insurance
17%
County Minnesota U.S.
Homes in the high-risk zone 1.7% 0.7% 3.5%
Of those, with NFIP insurance 17% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Red Wing

Typical rent in Red Wing is $969 a month: about the same as the county. In Red Wing, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Goodhue County, by unit size. To pay the 2-bedroom one ($1,172 a month) without spending more than 30% of your income, you would need to earn $22.54 an hour working full time.

HUD fair market rent for all of Goodhue County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $816 $15.69 $32,640
1 bedroom $966 $18.58 $38,640
2 bedrooms $1,172 $22.54 $46,880
3 bedrooms $1,613 $31.02 $64,520
4 bedrooms $1,959 $37.67 $78,360

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Red Wing

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Red Wing has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,210 in 55066 to $1,730 in 55089.

2 of the 2 are above the fair market rent for Goodhue County ($1,172).

  • 55066 $1,210$1,670
  • 55089 $1,730$2,360

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Red Wing when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Red Wing

HUD lists 9 buildings with rents for lower incomes in Red Wing. These are the largest.

  • Jordan Towers/Scattered 433 W 4th St, Red Wing 55066 119 low-income homes · Run by Hra of Red Wing, Minnesota · Average payment: $535 a month · Average wait: 15 months · Homes at several sites (651) 388-7571
  • Jordan Tower II 440 W 5th St, Red Wing 55066 104 homes, 102 low-income · For older adults (612) 388-7571
  • Maple Hills Apartments 521 Maple St, Red Wing 55066 96 low-income homes · 1 bd: 72 · 2 bd: 16 · 3 bd: 8 · In service since 2009 · For families, people experiencing homelessness
  • Maple Hills Apartments 521A Maple St, Red Wing 55066 96 low-income homes · For families (651) 388-2821
  • Eagle Ridge Apartments 582 Tyler Rd S, Red Wing 55066 48 homes, 47 low-income · 2 bd: 36 · 3 bd: 12 · In service since 2005 · For families

See all 19 buildings in Goodhue County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Red Wing

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Goodhue County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Red Wing

No down payment, repair or rent-help program on our list is for Red Wing or Goodhue County. The ones below are statewide in Minnesota: they work in Red Wing the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Red Wing

The HUD-approved agencies closest to the center of Red Wing, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Three Rivers Community Action, Inc.

    1414 Northstar Dr, Zumbrota · 20 miles away · Spanish

    Also serves in other languages.

    • Pre-purchase counseling
    • Homebuyer education workshops
    (507) 696-4025

  • Washington County Community Development Agency

    7645 Currell Blvd, Woodbury · 29 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (651) 202-2822

  • Dakota County Community Development Agency

    1228 Town Centre Dr, Eagan · 32 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (651) 675-4400

Every agency in Goodhue County All counseling agencies in Minnesota

Help in Spanish near Red Wing

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Red Wing

HUD’s record names them for Red Wing or Goodhue County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Hra of Red Wing, Minnesota Public housing and Section 8 vouchers (651) 388-7571

All housing agencies in Minnesota Source: HUD

Cities

Nearby cities

The cities closest to Red Wing, with the typical home value.

Everything about Goodhue County Housing in Minnesota

Neighboring counties

If Goodhue County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Red Wing.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Red Wing

Short answers with the numbers for Red Wing and all of Goodhue County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Red Wing?

The typical home value in Red Wing is $237,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Goodhue County it is $285,100.

How much does it cost to rent in Red Wing?

Typical rent in Red Wing is $969 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Goodhue County is $1,172.

What is the FHA loan limit in Red Wing?

Red Wing uses the FHA limit for all of Goodhue County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Red Wing?

The typical homeowner in Red Wing pays $2,776 a year, according to the U.S. Census Bureau. That is 1.17% of the home’s value; in Goodhue County, the rate is 1.05%.

Where can I find free help to buy or rent in Red Wing?

There is 1 HUD-approved counseling agency with an office in Goodhue County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).