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Red Lake County Central

Learn about the people, housing, costs and businesses in Red Lake County Central, Minnesota

Median Home$280,597
Median Rent$982/month
Population10,641
Leading IndustriesTransportation · Wholesale Trade · Education4% transportation
Home Value Growth⬆⬆⬆+25.0% over 2 years
Retirees27% of residentswell above average
Homeowners82% of occupied units
NotableVeteran Community8% of residents · top 27% nationally
Red Lake County Central
MN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Red Lake County Central?

As of today, the 30-year fixed mortgage rate for Red Lake County Central is approximately 6.906% (6.942% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Red Lake County Central?

The median home value in Red Lake County Central is $281k. The median monthly rent is $982. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Red Lake County Central?

Home values in Red Lake County Central have increased 25.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Red Lake County Central?

Based on a typical all-in ownership cost of $1,083/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Lake County Central is $77k/year.

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What industries drive the economy in Red Lake County Central?

The largest employment sectors in Red Lake County Central are public administration (22%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.