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Housing Affordability in Red Wing, MN
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 31.1%
- Minnesota 27.1%
- Renters paying 30%+
- 54.3%
- Minnesota 48.1%
- Homeowners paying 30%+
- 22.5%
- Minnesota 19.4%
- Owner costs with a mortgage
- $1,715/mo
- Minnesota $1,947/mo
Housing costs compared with income
- Renters paying 30% or more1,05354.3%
- Homeowners paying 30% or more1,18622.5%
- Renters paying 50% or more50125.8%
- Median rent as a share of income: 31.7%
- Median owner costs as a share of income, with a mortgage: 21.9%
- Median owner costs without a mortgage: $640/mo
- Median home value divided by median household income: 3.5
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Red Wing, MN | 31.1% | 54.3% | 22.5% | 31.7% |
| Goodhue County | 27.2% | 49.8% | 21.6% | 29.9% |
| Minnesota | 27.1% | 48.1% | 19.4% | 29.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Red Wing, MN?
- In Red Wing, MN, 31.1% of households spend 30% or more of their income on housing costs.
- How does Red Wing compare with Minnesota?
- The households paying 30%+ for housing in Red Wing is 31.1%, compared with 27.1% for Minnesota as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates