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Median Home Price in Redwood Falls, MN

The median home value in Redwood Falls, MN is $176,724 as of 2026-07-31, up 6.42% from a year earlier.

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Median Home Value

$176,724

Year-over-Year

+6.42%

Population

5,044

Redwood Falls ranks #108 of 112 Minnesota cities tracked here by median home value, and sits 50.3% below the state's city median of $355,920. It sits in Redwood County, where the county-wide median is $188,248.

Housing affordability in Redwood Falls

Median household income in Redwood Falls is $61,750, so the typical home value is about 2.9× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.

Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).

Crime in Redwood Falls

Redwood Falls police recorded a violent crime rate of 297 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,190 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Redwood Falls

What is the average home price in Redwood Falls, MN?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Redwood Falls, that value is $176,724. That's up 6.42% from a year earlier. It is about 50.3% below the typical Minnesota city tracked here.

Is Redwood Falls expensive compared to the surrounding area?

Homes in Redwood Falls are cheaper than Redwood County as a whole, where the median is $188,248 — a difference of about 6.1%.

Is Redwood Falls affordable?

Median household income here is $61,750, so the typical home value is about 2.9× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.

Is Redwood Falls a safe place to live?

Redwood Falls police reported 297 violent crimes per 100,000 residents, covering a population of about 5,044. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.