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Redwood Falls, MN Real Estate


According to census data in the year 2000 there were 2,375 housing units in Redwood Falls. This represents a 11.6% growth from 2,128 in 1990.

Of those housing units, 2,256 were located in either urbanized areas or urban clusters, and 119 were located in what is classified as a rural area.

Homeownership rate in Redwood Falls is about 73.5%. Redwood Falls's vacancy rate, including seasonal lodging, is about 4.5%. Average household size is 2.28 people.

The majority of houses, apartments or condos in Redwood Falls were built after 1964.

Statistics

Housing Size

Housing Units by Size
Studio Type2%
One Bedroom11.30%
Two Bedrooms28.30%
Three Bedrooms40.40%
Four Bedrooms16%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1960
Median Value of occupied units$76,100
Median Price asked for vacant units$73,000

Rented Homes, Apartments and Condos

Average Household Size1.48
Median year structure was built1970
Median Monthly Rent asked for vacant units$342

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage6.30%
Home Equity Loan7.80%
Simple Mortgage43.90%
Debt Free41.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs14.3%