Red Lake Falls, MN
Full City Profile · Minnesota · Red Lake County County
3.9
/5.0
B+
Good
1,267
Population
603/sq mi density
$63,929
Median Income
$35,806 per capita
$132,300
Home Value
$209,405 Zillow
$568
Median Rent
21.6% income on rent
40°F
Avg Temperature
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$63,929 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$132,300 home value, $568/mo rent
C
Education
2.3 / 5.0
16.5% bachelor's degree or higher
Housing Overview
Median Home Value
$132,300
53% below
US avg: $281,900
Median Rent
$568/mo
51% below
US avg: $1,163/mo
Homeownership Rate
81.5%
25% above US avg (65.4%)
Total Housing Units
631
Median year built: 1971
Home Value by Source
Census Median
$132,300
Zillow (ZHVI)
$209,405
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
81.5%
Owner-Occupied
18.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$568/mo
Affordability & Housing Stock
Rent Burden
21.6%
of renters spending 30%+ of income on housing
30% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
81.5%
Complete Housing Data
Home Values
| Census Median Value | $132,300 |
| Zillow Home Value (ZHVI) | $209,405 |
Rent
| Census Median Rent | $568 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 81.5% |
| Renter-Occupied | 18.5% |
| Homeownership Rate | 81.5% |
| Total Housing Units | 631 |
| Median Year Built | 1971 |
| Rent Burden | 21.6% |