Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Redwood Falls area can be challenging. Home prices in Redwood Falls are now at a median cost of $128,280, lower than the Minnesota average of $269,934.
The average cost of rent is $757/mo in Redwood Falls, primarily driven by the current value of real estate in the Redwood Falls area. While nearly 46.84% of residents own their homes outright in Redwood Falls, 29.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Redwood Falls is $4,740 per month. Households that rent pay about 15.97% of their income on rent here. Redwood Falls's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Gilfillan, MN: higher priced homes
- North Redwood, MN: equally priced homes
- Delhi, MN: higher priced homes
- Morton, MN: equally priced homes
- Bechyn, MN: higher priced homes
- Wabasso, MN: equally priced homes
- Belview, MN: higher priced homes
- Seaforth, MN: higher priced homes
- Franklin, MN: less expensive homes
- Clements, MN: higher priced homes
Cities with Similar Populations
- Auburn, KY: equally priced homes
- Westbrook, CT: higher priced homes
- Seagrove, NC: equally priced homes
- Scandia, MN: higher priced homes
- Saxonburg, PA: higher priced homes
- Avon, NY: higher priced homes
- Avon, MA: higher priced homes
- Avalon, PA: equally priced homes
- Auburn, NH: higher priced homes
- Auburn, MI: higher priced homes
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