Redwood County, Minnesota home prices
Typical home $187,335 · +6.2% in a year · property tax 1%
The typical home in Redwood County is worth $187,335, 46% less than the Minnesota typical home ($348,778). Values changed +6.2% in the past year and +26.0% over five years. Homeowners here pay a median 1% of their home's value in property tax each year ($1,872 on the typical home), versus 1.04% statewide.
Mortgage on the typical Redwood County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,467 | $149,868 | $1,008 | $0 | $250 | $1,258 | $53,900 |
| 10% down | $18,734 | $168,602 | $1,134 | $70 | $250 | $1,454 | $62,300 |
| 5% down | $9,367 | $177,968 | $1,197 | $74 | $250 | $1,521 | $65,200 |
| 3.5% down (FHA) | $6,557 | $183,942 | $1,237 | $83 | $250 | $1,570 | $67,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Minnesota.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pennington County | $191,990 | -2.4% | 1.26% |
| Renville County | $192,374 | +7.8% | 1.04% |
| Norman County | $181,155 | +5.8% | 0.94% |
| Freeborn County | $197,437 | +5.5% | 1.11% |
| Yellow Medicine County | $176,826 | +6.3% | 1.04% |
| Mahnomen County | $175,907 | +7.3% | 0.93% |
| Marshall County | $199,293 | +6.3% | 0.8% |
| Watonwan County | $174,190 | +3.2% | 1.05% |
| Swift County | $200,692 | +5.2% | 0.86% |
| Mower County | $201,999 | +2.9% | 1.03% |
Frequently asked questions
What is the average home price in Redwood County, MN?
The typical home value in Redwood County is $187,335 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Redwood County?
About $53,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Redwood County?
The median effective rate is 1% of home value a year (Census ACS 2024 5-year estimates).