Housing in Red Lake Falls, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$201,615
Red Lake Falls vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Red Lake Falls is highlighted.
Median Home Value
35th%ilemost expensive$132,300show rank
Median Rent
6th%ilemost expensive rent$568show rank
Rent Burden
5th%ilehighest rent burden10.7%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$132,300
Median Rent
$568
Total Housing Units
629
Vacancy Rate
12.6%
Owner Occupied
81.5%
Renter Occupied
18.6%
Median Property Tax
$2,163
per year
Monthly Cost (w/ Mortgage)
$930
Housing Types
Single Family70.3%
Multi-Family18.1%
Mobile Home11.6%
The median home value in Red Lake Falls, MN is $132,300. According to Zillow, the home value index for Red Lake Falls is $201,615. The median rent is $568 per month (Census ACS). About 81.5% of housing units are owner-occupied. The median year homes were built is 1970. There are 629 total housing units.