Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Red Lake Falls area can be challenging. Home prices in Red Lake Falls are now at a median cost of $132,306, lower than the Minnesota average of $269,934.
The average cost of rent is $621/mo in Red Lake Falls, primarily driven by the current value of real estate in the Red Lake Falls area. While nearly 50.75% of residents own their homes outright in Red Lake Falls, 17.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Lake Falls is $5,516 per month. Households that rent pay about 11.25% of their income on rent here. Red Lake Falls's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Angus, MN: higher priced homes
- Terrebonne, MN: equally priced homes
- Wylie, MN: higher priced homes
- St. Hilaire, MN: higher priced homes
- Gentilly, MN: higher priced homes
- Plummer, MN: higher priced homes
- Brooks, MN: less expensive homes
- Crookston, MN: higher priced homes
- Mentor, MN: higher priced homes
- Thief River Falls, MN: higher priced homes
Cities with Similar Populations
- Center Ossipee, NH: higher priced homes
- Walnut, IL: less expensive homes
- St. Regis Park, KY: higher priced homes
- Donnelly, ID: higher priced homes
- Copenhagen, NY: higher priced homes
- Uintah, UT: higher priced homes
- Clark, MO: equally priced homes
- Clarendon, NC: less expensive homes
- Chappell Hill, TX: higher priced homes
- Challis, ID: higher priced homes
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