Redwood Falls, MN
Population 5,075 · Minnesota
About Redwood Falls, MN
Redwood Falls is a small community in Minnesota with a population of 5,075 residents. The median household income is $61,947 per year, which is near the national average. The median age in Redwood Falls is 43.1 years.
Housing in Redwood Falls has a median home value of $162,000 and median monthly rent of $824. Of the 2,473 total housing units, the majority are owner-occupied, with 1,519 owner-occupied and 630 renter-occupied units.
The unemployment rate in Redwood Falls is 1.1% and the poverty rate is 15.2%. 22.1% of residents hold a bachelor's degree or higher. The average commute time is 12.2 minutes.
Cost of Living in Redwood Falls, MN
Compared to national averages, Redwood Falls has a median household income of $61,947 (18% below the national median of $75,149). Home values average $162,000, which is 34% below the national median. Monthly rent at $824 is 29% below the US average of $1,163. Within Minnesota, Redwood Falls's income is 17% below the state average of $74,221, and home values are 21% below the state median of $204,472.
Why Live in Redwood Falls, MN?
Redwood Falls offers affordable housing with a median home value of $162,000, below the US average of $244,900, and rent that’s lower than the national average at $824/month, and a strong job market with an unemployment rate of just 1.1%. Additionally, the city features short commute times averaging just 12.2 minutes.
Potential considerations include median household income ($61,947) that falls below the national average. However, Redwood Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Redwood Falls has a population of 5,075 with a median age of 43.1 years. Compare Redwood Falls with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Redwood Falls
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Morris | 5,092 | $63,807 | $185,200 | Compare |
| Lake City | 5,021 | $76,125 | $234,100 | Compare |
| Falcon Heights | 5,145 | $93,233 | $366,800 | Compare |
| Princeton | 4,988 | $52,450 | $212,200 | Compare |
| Circle Pines | 4,980 | $96,477 | $277,300 | Compare |
| North Oaks | 5,175 | $235,858 | $756,300 | Compare |
| Becker | 4,958 | $90,188 | $257,600 | Compare |
| Lindstrom | 4,933 | $99,844 | $336,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Redwood Falls
What is the population of Redwood Falls, MN?
The population of Redwood Falls, MN is 5,075 according to the latest Census data.
What is the median household income in Redwood Falls?
The median household income in Redwood Falls, MN is $61,947 per year.
What is the median home value in Redwood Falls?
The median home value in Redwood Falls, MN is $162,000.
What is the average rent in Redwood Falls?
The median monthly rent in Redwood Falls, MN is $824.
What is the unemployment rate in Redwood Falls?
The unemployment rate in Redwood Falls, MN is 1.1%.