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Red Lake County

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

Median Home$162,012
Median Rent$588/month
Population3,915
Leading IndustriesTransportation · Construction · Agriculture & Mining11% transportation
Home Value Growth⬆⬆+13.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners83% of occupied units
NotableVeteran Community10% of residents · top 12% nationally
NotableHigh Incomes$76k/year · top 27% nationally
Red Lake County
MN

Frequently Asked Questions

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

As of today, the 30-year fixed mortgage rate for Red Lake County is approximately 7.272% (7.308% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Red Lake County
What is the median home price in Red Lake County?

The median home value in Red Lake County is $162k. The median monthly rent is $588. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Red Lake County?

Home values in Red Lake County have increased 13.2% 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?

Based on a typical all-in ownership cost of $800/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Lake County is $76k/year.

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What industries drive the economy in Red Lake County?

The largest employment sectors in Red Lake County are public administration (18%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas