Local
Learn about the people, housing, costs and businesses in Redwood Falls, Minnesota
Real local data across mortgage, insurance, natural hazard, and place.
Rates, calculators, and lender comparisons
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Redwood Falls.
True all-in cost — P&I, taxes, insurance & utilities for homes in Redwood Falls.
Find and compare lenders active near Redwood Falls.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Redwood Falls.
Seismic risk and earthquake insurance estimates for Redwood Falls.
Wildfire exposure and insurance estimates for Redwood Falls.
Cost of living, demographics, and community profile
As of today, the 30-year fixed mortgage rate for Redwood Falls is approximately 7.031% (7.075% 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 Redwood FallsThe median home value in Redwood Falls is $157k. The median monthly rent is $803. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Redwood Falls have decreased 1.4% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $874/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Redwood Falls is $61k/year.
Calculate your buying powerThe largest employment sectors in Redwood Falls are public administration (24%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.