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Advertise here →Redwood Falls, MN · Market Data
Redwood Falls, Minnesota real estate market data.
Real estate market data for Redwood Falls, MN (Redwood County) — Census median home value $162,000, county listing prices up about 4.7% over the past year.
Redwood Falls, MN is in Redwood County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,075, with a median household income of $61,947. Census data puts Redwood Falls's median home value at $162,000.
At a glance
Redwood Falls market snapshot
Population
5,075
Median Household Income
$61,947
Median Home Value (city)
$162,000
Median Gross Rent
$824/mo
Price Trend (YoY)
+4.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Redwood Falls different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Redwood Falls's median home value — across all owner-occupied homes, not just recent sales — at $162,000.
County Price Trend
Redwood County's FHFA house price index shows a 4.68% annual change in 2025.
Population & Income
Redwood Falls has an estimated population of 5,075 and a median household income of $61,947, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Redwood Falls's Census-reported median home value works out to about 2.6x the area's median household income, and median gross rent runs roughly 16% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Redwood Falls FAQ
What are home values like in Redwood Falls, MN?
The Census Bureau's American Community Survey puts Redwood Falls's median home value at $162,000.
What is the population of Redwood Falls, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Redwood Falls's population at approximately 5,075.
What's the median rent in Redwood Falls, MN?
The Census ACS estimates median gross rent in Redwood Falls at approximately $824 per month.
What is the median household income in Redwood Falls, MN?
Census ACS data puts the median household income in Redwood Falls at approximately $61,947.
Is the Redwood Falls housing market growing?
Redwood County's FHFA house price index shows a 4.68% annual change in 2025.
Is Redwood Falls, MN affordable relative to income?
Census ACS data puts Redwood Falls's median home value at about 2.6 times the median household income, with median gross rent equal to roughly 16% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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