Housing in 56750 Red Lake Falls, MN is quite affordable compared to the national median value of $338,100. The median house price in 56750 Red Lake Falls, MN is $163,500 which is much lower than the US national median value. Over the past year, house appreciation in 56750 Red Lake Falls, MN has been 9.54% which is slightly higher than the US 1 year house appreciation of 8.27%. For potential buyers looking for an affordable home with good appreciation rate, 56750 Red Lake Falls, MN might be a great option.
The median home cost in Red Lake Falls (zip 56750) is $163,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Red Lake Falls (zip 56750) is up 14.7%.
Average Age of Homes
- The median age of Red Lake Falls (zip 56750) real estate is 45 years old
The Rental Market in Red Lake Falls (zip 56750)
- Renters make up 15.7% of the Red Lake Falls (zip 56750) population
- 2.4% of houses and apartments in Red Lake Falls (zip 56750), 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.