Performance indicators for the Red Wing short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Red Wing.
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Challenging to Investors
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.
Local STR Agent
STR specialist · Red Wing, MN
Red Wing is a city and the county seat of Goodhue County, Minnesota, United States, along the upper Mississippi River. The population was 16,547 at the 2020 census.This city is named for early 19th-century Dakota Sioux chief Red Wing. The federal government established a Mdewakanton Sioux Indian reservation—now Prairie Island Indian Community—in 1889 along the Mississippi River to free up land for new settlers. The city of Red Wing developed around it. The National Trust for Historic Preservation placed Red Wing on its 2008 distinctive destinations list because of its "impressive architecture and enviable natural environment."