Redwood Falls, MN Housing

Redwood Falls, MN is a small town with a lot to offer in terms of housing. The median value of the houses in Redwood Falls is $143,000, which is significantly lower than the US Median Value of $338,100. Although the median value is much lower in Redwood Falls than it is across the nation, the 1 year house appreciation rate has been an impressive 13.39%, which is greater than the US average of 8.27%. This means that housing in Redwood Falls is not only affordable and desirable, but it's also appreciating at a much faster rate than most places in the United States.

The median home cost in Redwood Falls is $143,000. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Redwood Falls is up 12.6%.

Average Age of Homes

- The median age of Redwood Falls real estate is 49 years old

The Rental Market in Redwood Falls

- Renters make up 24.3% of the Redwood Falls population
- 0.8% of houses and apartments in Redwood Falls, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Redwood Falls, Minnesota	United States
	2,377.0	139,647,020.0
	54	42
	$143,000	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$11.38	$10.98
	$1,439	$2,690
	56.3%	57.4%
	13.9%	11.2%
	29.8%	31.4%
Vacant Housing
	0.8%	1.9%
	0.6%	0.4%
	3.4%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	8.7%	4.1%
Value of Owner-Occupied Housing
	5.5%	2.6%
	4.6%	2.4%
	4.5%	2.8%
	13.3%	3.9%
	14.2%	4.5%
	15.5%	11.3%
	17.8%	13.0%
	15.4%	20.1%
	6.0%	13.6%
	1.3%	8.3%
	0.4%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	9.8%	13.6%
	10.8%	13.2%
	18.6%	14.8%
	9.8%	13.6%
	13.8%	10.0%
	9.4%	4.7%
	19.8%	12.2%