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River Falls

Learn about the people, housing, costs and businesses in River Falls, Wisconsin

Median Home$344,074
Median Rent$1,083/month
Population16,946
Leading IndustriesProfessional Services · Retail · Education2% professional services
Home Value Growth⬆⬆+14.5% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners61% of occupied units
River Falls
WI

Frequently Asked Questions

What are today's mortgage rates in River Falls?

As of today, the 30-year fixed mortgage rate for River Falls is approximately 6.929% (6.966% 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 River Falls?

The median home value in River Falls is $344k. The median monthly rent is $1,083. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in River Falls?

Home values in River Falls have increased 14.5% 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 River Falls?

Based on a typical all-in ownership cost of $1,276/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in River Falls is $85k/year.

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What industries drive the economy in River Falls?

The largest employment sectors in River Falls are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.