The story of this market
The typical home in ZIP 55066 sells for about $316,000, or $185 per square foot.
Prices are up +9% from a year ago, so sellers still have some momentum. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $973 a month.
ZIP 55066 — Red Wing
The housing market in 55066 shows steady growth with a 9% year-over-year increase in median sales price. Low inventory levels continue to drive competition, keeping the market active despite broader economic shifts.
This ZIP is well-suited for families and professionals seeking a balance between small-town atmosphere and access to regional employment hubs, offering a variety of housing types from historic homes to modern builds.
Median prices moved up 9.0% year over year.
Homes spend a median of 41 days on market with 1.8 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 55066
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Red Wing Public Schools serve the area with a variety of educational programs, generally maintaining stable performance metrics within the region.
The area is situated along the Mississippi River, presenting localized flood risks in low-lying zones; standard property insurance coverage is typical for the region.
Economic momentum is driven by manufacturing, healthcare, and tourism sectors, with Red Wing serving as a regional hub for Goodhue County.
Property taxes are assessed at the county level in Goodhue County; rates are determined by local levies including school district and municipal requirements.
Commuters primarily utilize US-61 and US-63 for access to the Twin Cities metro area, with an average commute time of approximately 20 minutes.
The area features extensive access to the Mississippi River, Memorial Park, and various golf courses, alongside the historic downtown shopping district.
The rental market is characterized by a mix of single-family homes and apartment complexes, with moderate vacancy pressure and steady demand.
The local economy is anchored by manufacturing, healthcare services, and tourism, with major employers including Red Wing Shoe Company and Mayo Clinic Health System.
Transportation is primarily highway-based via US-61 and US-63, with limited public transit options available within the city limits.
Development is focused on infill projects and the continued revitalization of the historic downtown and riverfront districts.
Parcels are subject to Red Wing Public School District levies and Goodhue County property tax assessments.
Property insurance premiums are influenced by regional weather patterns and proximity to the Mississippi River flood zones.
Data retrieved from Census Reporter profile for ZCTA 55066.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Treasure Island Resort & Casino3.910 mi
- Welch Village Ski & Snowboard Area4.59.3 mi
- Villa Bellezza Winery & Vineyards4.520 mi
- Treasure Island Amphitheater410.2 mi
- Hok-Si-La Municipal Park and Campground4.613.4 mi
- Little Log House Pioneer Village4.916.1 mi
- Frontenac State Park4.810.8 mi
- He Mni Can/ Barn Bluff Trail Head4.74.9 mi
- Colvill Park4.75.2 mi
- Memorial Park4.84.5 mi
- Pottery Museum of Red Wing4.64.2 mi
- Little Log House Pioneer Village4.916.1 mi
- Little House Wayside Cabin4.718.3 mi
- Pottery Museum of Red Wing4.64.2 mi
- Laura Ingalls Wilder Birthplace4.718.3 mi
- YMCA4.24.5 mi
- Frontenac State Park4.810.8 mi
- He Mni Can/ Barn Bluff Trail Head4.74.9 mi
- Colvill Park4.75.2 mi
- Memorial Park4.84.5 mi
- Bay Point Park4.84.4 mi
- Treasure Island Resort And Casino Boat Marina4.510.1 mi
- Lake City Marina4.715.1 mi
- Red Wing Marina & Boat Rental4.54.4 mi
- Ole Miss Marina Gas Dock4.54.4 mi
- Runnings4.44.6 mi
- THE POTTERY PLACE Historic Center4.34.2 mi
- Red Wing Mall44.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large public park offering hiking trails and scenic views of the Mississippi River.
Public golf course serving the local community.
Central district featuring local boutiques, restaurants, and historic architecture.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.