Redwood County, MN
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 44.40, -95.25.
Assembled 2026-10-07. Read the brief.
- 31st pct · 2,113th of 3,063 US counties · median $234,566
- 10th pct · 78th of 87 Minnesota counties · median $276,116
- 84th pct · 468th of 3,063 US counties · median +2.9%
- 82nd pct · 16th of 87 Minnesota counties · median +4.1%
- US counties: not published this period
- Minnesota counties: not published this period
- 40th pct · 1,903rd of 3,221 US counties · median 8,232
- 40th pct · 52nd of 87 Minnesota counties · median 7,739
- 40th pct · 1,909th of 3,221 US counties · median $1,039
- 19th pct · 70th of 87 Minnesota counties · median $1,102
- 33rd pct · 2,027th of 3,063 US counties · median 4.3
- 17th pct · 72nd of 87 Minnesota counties · median 4.6
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $186,072 (Aug 2026), +6.8% over one year, +26.9% over five
- 31st pct · 2,113th of 3,063 US counties · median $234,566
- 10th pct · 78th of 87 Minnesota counties · median $276,116
| Item | Value | Distance |
|---|---|---|
| Redwood County, MN | $186,072 · +6.8% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- Minnesota counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,019 a month on $186,072 at 7.28%, against an average weekly wage worth $4,325 a month: 23.6% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $186,072 × 80% = $148,858, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,019/mo principal and interest
- wage share = payment / (avg weekly wage $998 × 52 / 12 = $4,325) = 24% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $186,072 / ($998 × 52) = 3.6
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
5,730 jobs at 567 employers (2026 Q1); -3.0% jobs and +2.8% average weekly wage over the year
- 40th pct · 1,903rd of 3,221 US counties · median 8,232
- 40th pct · 52nd of 87 Minnesota counties · median 7,739
| Item | Value | Distance |
|---|---|---|
| Redwood County, MN | 5,730 jobs · $998/wk · -3.0% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 1,063 | $1,107 | 2.31 | -5.3% |
| Retail trade | 686 | $706 | 1.23 | -3.8% |
| Wholesale trade | 345 | $1,866 | 1.57 | -4.2% |
| Accommodation and food services | 310 | $321 | 0.60 | -2.8% |
| Finance and insurance | 268 | $1,777 | 1.15 | +14.0% |
| Transportation and warehousing | 229 | $864 | 0.95 | -7.7% |
| Construction | 202 | $1,098 | 0.67 | -2.9% |
| Other services | 191 | $704 | 1.12 | +15.1% |
| Professional and technical services | 97 | $1,400 | 0.25 | +2.1% |
| Arts, entertainment and recreation | 35 | $281 | 0.37 | +6.1% |
| Information | 28 | $1,264 | 0.27 | -6.7% |
| Utilities | 18 | $2,022 | 0.80 | -14.3% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D0 abnormally dry
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
No reservoir gauges within 150 km (or the camera is above the gauge altitude)
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
19 gauges · 0 flooding · 7 with quality panels averaging 100 % · 8 stale
Sites found: 19, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| USGS-05316500 | flow 34.7 ft³/s | 15 km |
| USGS-443053094591001 | temp 9.40 °C · quality 100 % (1) | 25 km |
| USGS-05316580 | flow 795.0 ft³/s | 26 km |
| USGS-0531656290 | flow 53.0 ft³/s · STALE | 36 km |
| USGS-05313500 | flow 51.4 ft³/s | 42 km |
| USGS-444630095002205 | temp 9.40 °C · quality 100 % (1) · STALE | 46 km |
| USGS-444630095002203 | temp 10.5 °C · quality 100 % (1) · STALE | 46 km |
| USGS-444630095002209 | temp 9.20 °C · quality 100 % (1) · STALE | 46 km |
| USGS-444630095002208 | temp 9.40 °C · quality 100 % (1) · STALE | 46 km |
| USGS-444630095002207 | temp 9.30 °C · quality 100 % (1) · STALE | 46 km |
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
9 wells in 0 named aquifers:
Sites found: 9, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| USGS-443053094591001 | depth 47.6 ft · 2026-10-05 | 25 km |
| USGS-444630095002205 | depth 6.44 ft · 2018-10-09 | 46 km |
| USGS-444630095002203 | depth 5.54 ft · 2018-10-09 | 46 km |
| USGS-444630095002209 | depth 99.5 ft · 2018-10-09 | 46 km |
| USGS-444630095002208 | depth 25.8 ft · 2018-10-09 | 46 km |
| USGS-444630095002207 | depth 17.9 ft · 2018-10-09 | 46 km |
| USGS-444630095002206 | depth 14.7 ft · 2018-10-09 | 46 km |
| USGS-435605095121201 | depth 17.2 ft · 2001-10-25 | 52 km |
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.00 / 0.55
Banks & federal dollars #
$838.8 m in deposits at 13 offices of 9 banks (SOD June 2026); HHI 2,090, highly concentrated. $133.4 m federal obligations in FY2026 (direct payments $128.0 m, grants $4.6 m), $23,275 per covered job
| Item | Value | Distance |
|---|---|---|
| Minnwest Bank | $307.2 m · 36.6% share · 3 offices | |
| The Wanda State Bank | $164.6 m · 19.6% share · 1 office | |
| Old National Bank | $97.8 m · 11.7% share · 1 office | |
| Redwood, MN | $133.4 m FY2026 · $23,275/job | |
| MULTIPLE RECIPIENTS | $86.8 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Minnwest Bank | $307,168,000 | 36.6% | 3 |
| The Wanda State Bank | $164,644,000 | 19.6% | 1 |
| Old National Bank | $97,784,000 | 11.7% | 1 |
| Integrity Bank Plus | $81,767,000 | 9.7% | 2 |
| First Independent Bank | $68,850,000 | 8.2% | 2 |
| HomeTown Bank | $54,920,000 | 6.5% | 1 |
| Farmers and Merchants State Bank of Springfield | $34,324,000 | 4.1% | 1 |
| First Security Bank - Sleepy Eye | $15,008,000 | 1.8% | 1 |
| MidCountry Bank | $14,323,000 | 1.7% | 1 |
Deposit concentration is 2,090 across 9 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 9 banks with deposits in the county = 36.6² + 19.6² + 11.7² + … (6 more) = 2,090
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $79,151,484 |
| Department of Agriculture | $39,602,262 |
| Department of Veterans Affairs | $7,404,028 |
| Department of Health and Human Services | $1,998,419 |
| Department of Housing and Urban Development | $1,427,858 |
| Department of Transportation | $1,215,815 |
| Department of the Interior | $1,205,621 |
| Department of Justice | $654,919 |
| Department of Education | $515,273 |
| Railroad Retirement Board | $196,241 |
| Federal Communications Commission | $66,303 |
| Department of Commerce | $0 |
That is $23,275 per covered job, against 5,730 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $133.4 m / 5,730 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $23,275
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 3.00 | 2026-10-06 | -50.0% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Redwood County, MN: 8 findings, 1 at an alert level, 1 at a watch level and 6 noted
alertRedwood County, MN's covered employment is -3.0% against a year earlier, an alert level here: covered employment at least 3 percent below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -3 <= -3
BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level
watchRedwood County, MN's covered employment is -3.0% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -3 < 0
BLS QCEW over-the-year percent change, as published; not an official level
noteRedwood County, MN's covered employment was 3.0% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -3 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteRedwood County, MN's average weekly wage was 2.8% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.8 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteRedwood County, MN's typical home value rose 0.3% from $185,591 in July 2026 to $186,072 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- +0.3% = (186072.04842895022 - 185590.57461063855) / 185590.57461063855 × 100
- 186072.04842895022 = Zillow ZHVI, 2026-08
- 185590.57461063855 = Zillow ZHVI, 2026-07
Read all 8 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.