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||Mar||vs Last Month|
|4+ bed apartments||$412,450||-23.7%|
During March 2023, the average price for an apartment in/near Red Wing, MN increased by 2.6% to $279,078.
The average price of the land for sale in Red Wing, MN has not changed significantly since last month, being $271,860. After collecting all data points, we now see that the average price for 1-bed apartment stands at $264,900 with no changes this month. Asking price for 2-bed apartment also decreased by 43.7% and a place of this size will now cost you $150,725. A 3-bed apartment goes for $309,912, it increased by 61.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 23.7% and made it down to $412,450.
|Listing Type||Mar||vs Last Month|
|Houses for sale||$285,845||+8.2%|
|Condos for sale||$254,267||+27.2%|
Price reports demonstrate that house price increased by 8.2% this month making it up to $285,845. Condos are really in demand in this season. The median price for a condo increased by 27.2%, it’s now available for $254,267. Value of the townhouses didn’t change, the price still starts at $348,671. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $271,860.