Welch, Minnesota.
Typical home $491,437 (+2.4% in a year). Red Wing, MN metro.
to buy the typical home at today's mortgage rate — +$1,255 (+95%) since Jan 2020.
- 1 year
- Up $11,314 +2%
- $480,123$491,437 since Sep 2025
- 5 years
- Up $68,419 +16%
- $423,018$491,437 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.
- Welch$2,579
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 23 years.
Typical home values in Welch, MN rose 2.4% over the past year — faster than the nation's +1.2%.
Living in Welch, Goodhue County, Minnesota
Welch is a township of 854 people in Goodhue County. 86% of its homes are lived in by their owners and 14% 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 government.
Written by AI Claude Sonnet 5.5 wrote this on 24 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 It can be wrong or out of date.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. Welch is a small township in Goodhue County, Minnesota, where nearly all homes are lived in by their owners. Homes here are valued well above what is typical across the county's price range, and incomes in the area run a little below the county's. Winters are properly cold, with January the coldest month, and summers are warm in July, with a fair amount of rain and melted snow through the year.
Work. Residents work mostly in schools, hospitals and social care, in government, in manufacturing, and in professional and business services. Across Goodhue County, some of the largest workplaces are Mayo Clinic Health System - Red Wing, Red Wing Shoe Co. - Plant 2 and the Red Wing Public School District. Unemployment in the county is higher than it was a year ago, though the county has added jobs, and some residents work from home.
Things to do. Welch Village, a ski area, is a short drive away, as is the Cannon River, a good spot for time on the water. A longer drive brings you to Lake Pepin, a large lake, and to the Minnesota Zoo.
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- 266households
- 36%of adults have a degree
- 12%below the poverty line
- 26 mintypical commute
- 10%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, 6 miles away (NOAA).
Largest workplaces in Goodhue County
- 3M Company540
- Xcel EnergyNuclear electric power generation535
- Mayo Clinic Health System - Red WingGeneral hospital452FTE
- Red Wing Shoe Co. - Plant 2Footwear manufacturing399
- Red Wing Public School DistrictSchool district343FTE
- WalmartWarehouse clubs and supercenters309
- High SchoolElementary and secondary schools212
- Henkel US Operations Corporation - Cannon FallsFilters, electronic component-type, manufacturing202
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 87 workplaces with 20 or more staff, 8,546 people in all across the county; Welch has one of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts 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 windRelatively moderate
- HailRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Goodhue County, against the rest of the country; all of them together, relatively low. 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.
Welch home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Welch$491,437
- Minnesota$348,778
- United States$366,157
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.
Zip codes with a Welch address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Welch — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.