Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$187,335+6.2% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$40,610About 0.6× the local median income ($66,279): affordable for a typical household
Days on market88 daysSlower than a year ago: buyers have time to negotiate
The typical home in Redwood County, MN is worth $187,335, up 6.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $149,377, so the area is 25.4% overvalued. It is a buyer's market: homes take about 88 days to sell, listings are up 15% from a year ago, 21% of listings have had a price cut. A household needs about $40,610 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,279. In the latest IRS figures, 57 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$187,335
Change in 1 year
+6.2%
Overvalued %
+25.4%
Show 6 more
Fair home value
$149,377
Change in 5 years
+26.0%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$1,015
Income needed to afford it
$40,610
Property tax rate
1.00%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+14.6%
Days on market
88
Listings with a price cut
20.7%
Show 3 more
Homes for sale
47
Pending sales per 100 listings
17
Asking price per sq ft
$127
People and jobs
Median household income
$66,279
Population change (1 year)
+0.2%
Unemployment rate
2.6%
Show 4 more
Population
15,265
Income adjusted for cost of living
$77,158
Net moves in (IRS)
−57
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
35.1
Flood risk score
39.3
Show 3 more
Wildfire risk score
18.6
Walkability (1 to 20)
6.5
Road, rail and air noise
53 dB
Questions people ask
Is Redwood County, MN overvalued?
Home prices in Redwood County, MN are well above what local incomes have historically supported: fair value is about $149,377, so the area is 25.4% overvalued.
Is Redwood County, MN a buyer's or seller's market?
Redwood County, MN is a buyer's market: homes take about 88 days to sell, listings are up 15% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Redwood County, MN?
Home values in Redwood County, MN are up 6.2% over the last year.
How much do you need to earn to buy a home in Redwood County, MN?
A household needs about $40,610 a year to afford the typical home in Redwood County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,279.