Housing in Red Rock

A typical Red Rock home is worth roughly $319,000

Home prices around Red Rock have risen about 49% over the past 5 years.

Typical home value

$319K

▲ 8.3% in a year · MN $351K

Estimate

2-bedroom rent

$1,020

a month, utilities in · HUD

Median tax bill

$2,272

MN $3,357

What kind of housing town is Red Rock?

Read from the numbers below. The page puts what stands out first.

Prices climbing fastUp 8.3% in a year.A town of owners95% of households own their home.Older homesThe typical home was built around 1954.

★ What stands out · Price trend

Home prices up 49% in 5 years

The federal house price index for the ZIP codes around Red Rock rose 49% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 8.3%.

Red Rock areaMinnesota

+8.3%

past year

+49%

past 5 years

+91%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Red Rock, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

95% of Red Rock households own their home

Half of Red Rock’s homes were built before 1954.

Owners and renters

Own 95%Rent 5%

Minnesota: 72% own.

1954

typical home built · MN 1979

$2,272

median property tax bill · MN $3,357

0.71%

of a home’s value, a year in tax · MN 1.02%

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

A typical home costs 3.7 years of income

About the same as across Minnesota. Try your own numbers below.

You could afford about

$348,000

Typical Red Rock home $319K

That covers a typical Red Rock home, with $28K to spare.

The typical home, each month

$1,860

Loan $1,580Tax $190Insurance $90

A two-bedroom rents for about $1,020 a month here, $840 less than owning.

Where your budget reaches nearby

Dexter$295K Waltham$297K Austin$164K Lansing$265K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Red Rock’s typical property tax (0.71% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,020

Renters already here pay a median of $950.

Fair Market Rent a month, utilities included

Studio$710

1 bedroom$780

2 bedrooms$1,020

3 bedrooms$1,320

4 bedrooms$1,420

of households rent · MN 28%

renter households

$950

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Freeborn County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Red Rock vs. its neighbors

Red Rock is the priciest of 5 neighboring towns. Tap one to see its housing page.

Red Rock$319K Waltham$297K Dexter$295K Lansing$265K Austin$164K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Red Rock	$319K*	+8.3%†	$1,020	—	$86,875
Dexter	$295K	+4.3%	$1,010	—	$93,750
Waltham	$297K	+4.1%	$1,200	—	$95,000
Austin	$164K*	+8.3%†	$1,070	104	$68,057
Lansing	$265K*	+8.3%†	$1,070	—	$82,115

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Red Rock buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Red Rock still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.