Real Estate Investing in Red Wing, Minnesota (55066)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55066 (Red Wing, MN)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Red Wing, MN (55066)?
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Market Analysis: 55066 Red Wing
Investors eyeing 55066 need to respect the fundamentals at play. Home values of $289K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $289K asset, 55066 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader MN picture, 55066 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 19,125 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 55066 is an operator game, not a passive one. On balance, entry prices of $289K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Red Wing:
Property Strategy for 55066
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $228,615 | $1,150 | 3.6% | +5.6% | $114,307 |
| 3BR | $281,564 | $1,600 | 4.1% | +6.0% | $93,855 |
| 4BR | $358,207 | $1,930 | 3.9% | +6.0% | $89,552 |
| 5BR | $429,413 | — | — | +6.2% | $85,883 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55066 Compare?
| Metric | 55066 | Red Wing | Red Wing, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $289,364 | $289,364 | N/A | $340,597 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 4.9% |
| Avg Rent | $1,313 | $1,313 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55066 (Red Wing, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $289,364 |
| Monthly Rent | $1,313 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55066
Population: 19,125
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55066
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How do home values compare in Red Wing, MN?
In Red Wing, MN the median home value sits at $289K. Against the broader MN market, that reads as reasonable for most investors.
Are renters plentiful in Red Wing, MN?
Red Wing, MN draws a predictable base of working renters. Demand at the $1,313/mo rent level is reasonable for standard single-family and small multi rentals.
What is the rental occupancy rate in Red Wing, MN?
Occupancy in Red Wing, MN runs steady with elevated vacancy. Well-priced units at $1,313/mo lease on reasonable timelines.
How strict are landlord regulations in Red Wing, MN?
Red Wing, MN operates under MN law, which is balanced overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What kind of market is Red Wing, MN for investors?
Investors tracking Red Wing, MN will find a 3.0/5 rating supported by $289K median home values and $1,313/mo rents. That profile suits long-term holders targeting stable returns.
You know 55066 now. You don’t know where it ranks.
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How 55066 ranks in Red Wing, MN
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