Median home value is about $237,800 — about 32% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $845 (about 27% below the U.S. median rent ($1,163)), and owner-occupancy near 73.0% (about 7.6 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 55066 in Red Wing, MN, a household would need roughly $65,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,528. That is roughly in line with the local median household income ($70,529). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.