Redwood Falls, MN Real Estate
According to census data in the year 2000 there were 2,375 housing units in Redwood Falls.
This represents a 11.6% growth from 2,128 in 1990.
Of those housing units, 2,256 were located in either urbanized areas or urban clusters, and 119 were located in what is classified as a rural area.
Homeownership rate in Redwood Falls is about 73.5%.
Redwood Falls's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Redwood Falls were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 11.30% |
| Two Bedrooms | 28.30% |
| Three Bedrooms | 40.40% |
| Four Bedrooms | 16% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $76,100 |
| Median Price asked for vacant units | $73,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.48 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $342 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 43.90% |
| Debt Free | 41.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
