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Rent To Own Homes in Red Wing, MN

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Red Wing, MN Foreclosures

How much do homes sell for in Red Wing, MN?
The average home price is currently $318,000.
In Red Wing, MN, how many homes are available?
There are currently 14 active home listings available in Red Wing.
What’s the average rental cost in Red Wing, MN?
The average rental price in Red Wing is $1,498.
What is the most expensive home in Red Wing?
The most expensive home sold in Red Wing had a price of $8,361,980.
What is currently the cheapest priced home in Red Wing, MN?
The cheapest home for sale in Red Wing is priced at $11,853.

Living in Red Wing, MN

Red Wing, MN, is a picturesque city along the Mississippi River, known for its historic architecture and rich manufacturing heritage. The area offers a mix of traditional small-town living with vibrant outdoor activities and a welcoming community feel. Local amenities include shops, restaurants, and a variety of recreational opportunities for its residents.

Current Market Conditions in Red Wing, MN

The Red Wing real estate market has experienced steady demand due to its appealing lifestyle and scenic setting. There is a growing interest in homes both for buyers looking for primary residences and investors eyeing rental opportunities, especially with the influx of tourism.

As more families and retirees seek homes in Red Wing, the market is seeing a slight increase in home prices, although it remains relatively affordable compared to larger metropolitan areas.

Home Value Estimator For Red Wing, MN

There are currently 6,878 real estate properties in Red Wing, MN, with a median automated valuation model (AVM) price of $282,427.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Red Wing, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Red Wing, MN, is $318,000.00, with the most expensive house in Red Wing, MN, topping out at $8,361,980.00 and the cheapest home in Red Wing, MN, clocking in at $11,853.00. In other words, there’s something for every potential homebuyer or savvy investor in Red Wing, MN!

Rent Prices In Red Wing, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Red Wing, MN, is on a rollercoaster ride. The average rent price in Red Wing, MN, is $1,498.00. Indeed, when looking to rent in Red Wing, MN, you can expect to pay as little as $680.00 or as much as $3,400.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Red Wing, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Red Wing, MN Rent To Own Homes

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