Red Wing, MN

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Red Wing short-term rental market based on reliable data.

Listings

33 / 52

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$24,285

Middle-Earners Revenue

Occupancy

46%

Middle-Earners Occupancy

Home Value

$291,099

Median Home Sale Price

Top Earners

$43,747

Top-Earners Revenue

Red Wing

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Red Wing.

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C

Challenging to Investors

Red Wing Regulations

STRs are legal but constrained by a citywide cap (50 total, with 25 currently licensed), distance/concentration limits, and a required Interim Use Permit for non‑owner‑occupied units, creating compliance risk and investor uncertainty despite owner‑occupied units being more accessible.

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About Red Wing

Red Wing sits in Goodhue County in southeastern Minnesota, perched along the Mississippi River where the river widens into Lake Pepin. The city has a population of roughly 16,000 residents and carries the easy pace of a small river town, with limestone storefronts in the historic downtown and dramatic bluffs rising behind the rooftops. It is perhaps best known as the home of the Red Wing Shoe Company and for a long tradition of Red Wing stoneware and pottery, and it serves as a gateway to the Driftless Area of the Upper Midwest. Red Wing is located about 55 miles southeast of the Minneapolis–Saint Paul metropolitan area, roughly an hour's drive via U.S. Highway 61.

One of the city's most recognizable landmarks is Barn Bluff, a roughly 340-foot bluff that rises directly above the river and the downtown area. Known to the Dakota as He Mni Can, the hill offers hiking trails that climb to sweeping overlooks of the Mississippi, Lake Pepin, and the surrounding bluffs. It sits just a short walk from the city center and is popular with both casual visitors and serious hikers looking for a quick but rewarding climb.

Just west of town, the Cannon Valley Trail follows a former Chicago Great Western railway corridor from Red Wing to Cannon Falls. The roughly 20-mile paved route is a favorite for cyclists and runners, winding through woodlands, prairies, and along the Cannon River. Trailheads are within a short drive of most parts of the city, and the trail connects to a growing network of regional paths.

A short drive east of Red Wing brings visitors to Frontenac State Park, where additional bluffs overlook Lake Pepin and where hiking and camping opportunities abound. The park's trails pass through restored prairie and oak savanna and offer some of the most photographed vistas along the Upper Mississippi River.

The Mississippi itself anchors much of the area's recreation, and the riverfront parks in town provide room to stroll, picnic, and watch the steady flow of barge traffic. Seasonal riverboat cruises depart from the harbor during warmer months, and the Great River Shakespeare Festival brings live theater to the community each summer.

Red Wing makes a compelling base for short-term rentals because it offers a small-town feel with an unusually rich mix of natural and cultural attractions within easy reach. Its proximity to the Twin Cities, combined with the river, the bluffs, and the regional trail network, means guests can fill a long weekend with bluff hikes, bike rides, historic downtown exploring, and seasonal performances without ever needing to leave the immediate area.

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