Redwood County, MN Average Home Price (2026)
The average home price in Redwood County, Minnesota is about $188,000 (the 2026 median across 13 ZIP codes, at ~$100/sq ft) — 37% more affordable than the Minnesota median and 35% more affordable than the typical U.S. home.
How Redwood County compares
Redwood County is relatively affordable for housing nationally: its typical home costs $188,000 against $297,000 for Minnesota and $289,000 for the U.S. Within the county, ZIP-level values run from about $91,000 to $332,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Redwood County | $188,000 | $100 |
| Minnesota | $297,000 | $188 |
| United States | $289,000 | $193 |
Redwood County home prices by ZIP code
The 13 most valuable ZIP codes in Redwood County (of 13 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 56166 Revere | $332,000 | $175 | +77% |
| 56083 Springfield | $210,000 | $65 | +12% |
| 56283 Redwood Falls | $202,000 | $137 | +7% |
| 56293 Wabasso | $194,000 | $102 | +3% |
| 56292 Vesta | $193,000 | $103 | +3% |
| 56214 Belview | $190,000 | $100 | +1% |
| 56266 Franklin | $188,000 | $119 | +0% |
| 56263 Milroy | $182,000 | $96 | -3% |
| 56180 Walnut Grove | $165,000 | $107 | -12% |
| 56152 Wabasso | $164,000 | $84 | -13% |
| 56224 Clements | $158,000 | $83 | -16% |
| 56255 Lucan | $133,000 | $70 | -29% |
| 56294 Wanda | $91,000 | $48 | -52% |
Home value appreciation in Redwood County
Home prices in Redwood County have risen about 80% over the last 10 years (≈6.0% a year) and +89.3% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +4.7% — still rising. A home worth $188,000 today was worth roughly $104,619 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Minnesota is +71.4% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Redwood County
Run the numbers for Redwood County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Redwood County
To buy the typical $188,000 home in Redwood County with 20% down, you need a household income of roughly $51,000 a year (about $1,190 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $61,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $9,400 | $1,480/mo | $64,000/yr |
| 10% (+PMI) | $18,800 | $1,420/mo | $61,000/yr |
| 20% | $37,600 | $1,190/mo | $51,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Redwood County
At about $100 per square foot, here is roughly how much home different budgets get you in Redwood County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1500 sq ft | below the local median — condos, smaller or older homes |
| $200k | 2000 sq ft | around the typical home here |
| $250k | 2500 sq ft | above the median — larger homes or the pricier ZIPs |
| $300k | 3000 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 4000 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Minnesota.
Estimate a specific home in Redwood County
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Redwood County home prices: frequently asked
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Browse all Minnesota cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.