Red Wing, MN Real Estate
According to census data in the year 2000 there were 6,860 housing units in Red Wing.
This represents a 11.1% growth from 6,176 in 1990.
Of those housing units, 6,252 were located in either urbanized areas or urban clusters, and 608 were located in what is classified as a rural area.
Homeownership rate in Red Wing is about 71.6%.
Red Wing's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Red Wing were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 13.30% |
| Two Bedrooms | 31.20% |
| Three Bedrooms | 38.10% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $112,800 |
| Median Price asked for vacant units | $108,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 7.70% |
| Home Equity Loan | 13.30% |
| Simple Mortgage | 46.30% |
| Debt Free | 32.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
