Red Wing, Minnesota.
Typical home $281,503 (-0.0% in a year), asking rent $1,443 . Red Wing, MN metro.
to buy the typical home at today's mortgage rate — +$729 (+97%) since Jan 2020.
- 1 year
- Down $25 -0%
- $281,528$281,503 since Sep 2025
- 5 years
- Up $42,188 +18%
- $239,315$281,503 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Red Wing$1,478
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 21 years.
Typical home values in Red Wing, MN fell 0.0% over the past year — slower than the nation's +1.2%.
Living in Red Wing, Goodhue County, Minnesota
Red Wing is a city of 16,547 people in Goodhue County. Half its households earn more than $67,192 a year and half less, against $84,171 across Goodhue County; 14% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Goodhue County was 4.9% in August 2026, and the county had 2.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Red Wing is a small city on the Mississippi River in Goodhue County, and most homes in town are lived in by their owners. Incomes run below the county's as a whole, and the typical age is on the older side of middle age. Winters are cold, with January the coldest month, while July brings warm summer days, and rain and melted snow add up to a moderate amount over the year.
Work. Residents work mainly in schools, hospitals and social care, in manufacturing, in shops, and in restaurants, hotels and entertainment. Among the largest workplaces in Red Wing are Xcel Energy, the Red Wing Public School District and Walmart. Commutes are fairly short, and only a small share of people work from home.
Things to do. The Cannon River and the Trimbelle River both run in or beside town, and Sheldon Theatre is a short drive away. Sturgeon Lake is also a short drive away, while Lake Pepin is a longer drive for a day by the water.
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- 7,384households
- 25%of adults have a degree
- 14%below the poverty line
- 20 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Goodhue County had 21,796 jobs in 2025, 2.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 23° and lows near 6°; warmest in July, with highs near 82° and lows near 62°. About 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Red Wing Dam weather station, 2 miles away (NOAA).
Largest workplaces in Red Wing
- 3M Company540
- Xcel EnergyNuclear electric power generation535
- Red Wing Shoe Co. - Plant 2Footwear manufacturing399
- Red Wing Public School DistrictSchool district343FTE
- WalmartWarehouse clubs and supercenters309
- Minnesota Correctional Facility - Red WingCorrectional institutions179
- Benedictine Living Community - Red WingSkilled nursing facilities168
- TargetDiscount department stores148
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 41 workplaces with 20 or more staff, 4,426 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- HailRelatively high
- TornadoesRelatively high
- Winter weatherRelatively high
- Inland floodingrelatively high in parts of Red WingRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Red Wing’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Goodhue County and the Red Wing, MN metro.
Red Wing home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Red Wing$281,503
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Red Wing listings, and the typical home goes pending in 27 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Red Wing25.36%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Red Wing27
- United States24
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Red Wing87
New listings per month
Sellers arriving at the market.
- Red Wing25
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Red Wing$279,954
- United States$371,407
Zip codes with a Red Wing address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Red Wing — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.