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Redwood Falls, MN
Full City Profile · Minnesota · Redwood County County
3.2
/5.0
B
Good
5,075
Population
961/sq mi density
$61,947
Median Income
$31,870 per capita
$162,000
Home Value
$167,023 Zillow
$824
Median Rent
27.5% income on rent
45°F
Avg Temperature
270 sunny days/yr
242
Violent Crime/100K
2,888 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$61,947 median income, 0.7% unemployment
A+
Affordability
5.0 / 5.0
$162,000 home value, $824/mo rent
F
Safety
1.0 / 5.0
242 violent crimes/100K
C+
Education
2.8 / 5.0
22.1% bachelor's degree or higher
Housing Overview
Median Home Value
$162,000
43% below
US avg: $281,900
Median Rent
$824/mo
29% below
US avg: $1,163/mo
Homeownership Rate
70.7%
8% above US avg (65.4%)
Total Housing Units
2,460
Median year built: 1971
Home Value by Source
Census Median
$162,000
Zillow (ZHVI)
$167,023
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
70.7%
Owner-Occupied
29.3%
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:
$824/mo
Affordability & Housing Stock
Rent Burden
27.5%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
70.7%
Complete Housing Data
Home Values
| Census Median Value | $162,000 |
| Zillow Home Value (ZHVI) | $167,023 |
Rent
| Census Median Rent | $824 |
| 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 | 70.7% |
| Renter-Occupied | 29.3% |
| Homeownership Rate | 70.7% |
| Total Housing Units | 2,460 |
| Median Year Built | 1971 |
| Rent Burden | 27.5% |