Redwood Home for Sale

Redwood is a good place to live. Redwood is considered car-dependent and somewhat bikeable. Redwood has 2 parks for recreational activities. It has a median age of 41. The average household income is $119,514 which is above the national average. College graduates make up 45.5% of residents. A majority of residents in Redwood are home owners, with 13.9% of residents renting and 86.1% of residents owning their home. A local real estate agent serving Redwood can help you decide if this neighborhood is the right one for you. Learn more on our Redwood neighborhood guide.

Redwood, MN is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.

The median home price in Redwood is $418,000. If you put a 20% down payment of $83,600 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,160 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $93K a year to afford the median home price in Redwood. The average household income in Redwood is $120K.

The best public schools that serve Redwood are:

• Apple Valley Senior High School has a B+ Niche grade, a student teacher ratio of 18:1 and an average review score of 4.0.
• Westview Elementary School has a B+ Niche grade and a student teacher ratio of 12:1.
• Valley Middle School has a B Niche grade and a student teacher ratio of 18:1.

The best private schools that serve Redwood are:

• Good Shepherd Lutheran School has a student teacher ratio of 20:1.
• Cyprus Classical Academy has a student teacher ratio of 6:1.

The most popular zip codes in Redwood, Apple Valley, MN include 55124, 55337, 55306, 55044 and 55068.

The most popular neighborhoods near Redwood, Apple Valley, MN are Alimagnet, Old Town, Downtown Apple Valley, Scott Highlands and Cedar Isle.