Red Lake Falls, MN Real Estate

According to census data in the year 2000 there were 659 housing units in Red Lake Falls. This represents a 1.5% growth from 649 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 659 were located in what is classified as a rural area.

Homeownership rate in Red Lake Falls is about 74%. Red Lake Falls's vacancy rate, including seasonal lodging, is about 6.7%. Average household size is 2.34 people.

The majority of houses, apartments or condos in Red Lake Falls were built after 1962.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom15.20%
Two Bedrooms24.30%
Three Bedrooms38.50%
Four Bedrooms17%
Five Bedrooms or more4.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1956
Median Value of occupied units$47,400
Median Price asked for vacant units$17,500

Rented Homes, Apartments and Condos

Average Household Size1.75
Median year structure was built1973
Median Monthly Rent asked for vacant units$269

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan4.30%
Simple Mortgage42.50%
Debt Free49%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.5%