Housing in Redwood Falls, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$162,836
Redwood Falls vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Redwood Falls is highlighted.
Median Home Value
45th%ilemost expensive$162,000show rank
Median Rent
33rd%ilemost expensive rent$824show rank
Rent Burden
31st%ilehighest rent burden16.0%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$162,000
Median Rent
$824
Total Housing Units
2,473
Vacancy Rate
13.1%
Owner Occupied
70.7%
Renter Occupied
29.3%
Median Property Tax
$1,724
per year
Monthly Cost (w/ Mortgage)
$852
Housing Types
Single Family74.7%
Multi-Family16.9%
Mobile Home8.4%
The median home value in Redwood Falls, MN is $162,000. According to Zillow, the home value index for Redwood Falls is $162,836. The median rent is $824 per month (Census ACS). About 70.7% of housing units are owner-occupied. The median year homes were built is 1972. There are 2,473 total housing units.