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According to statistics, the population in Red Wing, MN amounts to 16,334, which shows decline -1% compared to the previous year. The median age of the city’s residents is 42. The average household income is $50,746, shifting growth 3% from the past year, and the average property value in Red Wing, MN growth 3% to $163,200 throughout the year.
|Number Of Employees||7,595|
|Median Property Value||$163,200|
The average household income in Red Wing, MN grew from $49,236 to $50,746 in the past year. This data is an estimate based upon 6,975 households in Red Wing, MN . The chart below presents how household income is distributed in Red Wing, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Red Wing, MN shifted from $158,000 to $163,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Red Wing, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Red Wing, MN properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Red Wing, MN compared to median property taxes around the country. The prevalent amount of property taxes in Red Wing, MN equals $1150, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed apartments||$234,500||N/A|
|3 bed apartments||$281,600||-22%|
|4+ bed apartments||$339,750||-10%|
During Aug 2021, the average price for an apartment in/near Red Wing, MN decreased by 20.2% to $293,133.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $234,500. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $281,600. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $339,750 for a big-family home.
|Listing Type||Aug||vs Last Month|
|Townhouses for sale||$394,850||N/A|
|Houses for sale||$304,860||-12.7%|
|Duplexes for sale||$234,500||N/A|
According to statistics, average house is still $304,860 with no significant changes this month. An average value of duplex is $234,500, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $394,850.
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