Home prices
Red Wing's median home price is $174,000. In comparison to its nearby areas it is about $12,680 (7%) higher.Compared to the country as a whole it is approximately $43,500 (19%) lower, and in comparison to the city of Minneapolis is approximately $77,600 (30%) lower.
Rents
In Red Wing the median rent is $899 a month. In comparison to nearby areas this is approximately $60 (7%) higher.It is approximately $163 (15%) lower compared to the nation as a whole, and it is about $128 (12%) lower in comparison to the city of Minneapolis.
Nearby places
Hager City
Hager City is approximately 3 miles northeast from Red Wing. Real estate prices there are somewhat less expensive. The median home in Hager City is valued at $161,300, which works out to $12,700 (7%) lower than Red Wing. Rent there is somewhat less expensive. In Hager City the median rent is $738 per month, which comes out to $161 (21%) lower than Red Wing.
Bay City
Bay City is about 6 miles east from Red Wing. Its housing prices are substantially less expensive. The median home in Bay City costs $125,400, which works out to $48,600 (38%) lower than Red Wing. The rent there is a little less expensive. Bay City's median monthly rent is $729, which comes out to $170 (23%) lower than Red Wing.
Ellsworth
Ellsworth is about 11 miles northeast from Red Wing. Its real estate prices are a little less expensive. The median home price in Ellsworth is $157,400, which works out to $16,600 (10%) lower than Red Wing. Rent there is a little less expensive. Ellsworth's median monthly rent is $748, which works out to $151 (20%) lower than Red Wing.
Goodhue
Goodhue is about 11 miles south from Red Wing. Its housing prices are similar. The median home in Goodhue costs $176,000, which works out to $2,000 (1%) higher than Red Wing. Rent there is a little more expensive. Goodhue's median rent is $1,021 per month, which works out to $122 (11%) higher than Red Wing.
Prescott
Prescott is approximately 13 miles northwest from Red Wing. The real estate prices there are a bit more expensive. The price of the median home in Prescott is $186,500, which works out to $12,500 (6%) higher than Red Wing. Its rents are a bit more expensive. Prescott's median monthly rent is $958, which comes out to $59 (6%) higher than Red Wing.
