Zip 56283 (Redwood Falls, MN) Housing

The housing in 56283 Redwood Falls, MN is highly attractive due to the median value of $157,600 which is significantly lower than the US House Median Value of $338,100. Additionally, there has been a 13.39% one year house appreciation rate in Redwood Falls compared to 8.27% house appreciation nationally. This makes Redwood Falls an ideal location for home buyers and investors looking to take advantage of the growing housing market.

The median home cost in Redwood Falls (zip 56283) is $157,600. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Redwood Falls (zip 56283) is up 12.6%.

Average Age of Homes

- The median age of Redwood Falls (zip 56283) real estate is 51 years old

The Rental Market in Redwood Falls (zip 56283)

- Renters make up 22.1% of the Redwood Falls (zip 56283) population
- 0.8% of houses and apartments in Redwood Falls (zip 56283), 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
	2,993.0	139,647,020.0
	54	42
	$157,600	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$9.77	$10.98
	$1,459	$2,690
	60.9%	57.4%
	13.8%	11.2%
	25.2%	31.4%
Vacant Housing
	0.8%	1.9%
	0.5%	0.4%
	3.0%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	9.2%	4.1%
Value of Owner-Occupied Housing
	5.0%	2.6%
	4.1%	2.4%
	4.2%	2.8%
	10.5%	3.9%
	10.9%	4.5%
	15.5%	11.3%
	16.5%	13.0%
	20.4%	20.1%
	7.1%	13.6%
	2.4%	8.3%
	1.5%	9.7%
	0.8%	3.9%
	0.3%	2.2%
	0.2%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	6.2%	13.6%
	6.2%	13.6%
	10.1%	13.6%
	9.5%	13.2%
	18.2%	14.8%
	10.1%	13.6%
	12.0%	10.0%
	8.7%	4.7%
	23.7%	12.2%

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