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MN area data

Red Lake Falls, MN

Red Lake Falls, MN.

Population: 2,324 (Census ACS)

Home values & appreciation

Median home value
$224,509
1-year appreciation
+9.8%
3-year appreciation
+3.6%
5-year appreciation
+9.2%
10-year appreciation
+42.9%
All-time peak (2026-04)
$226,949
House Price Index
429.3 (+3.3% YoY)

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
3
Elementary schools
1
Middle schools
0
High schools
2

Natural hazards & flood risk

Overall hazard risk
Very Low

Climate (30-year normals)

Average annual temperature
40.0°F
Average high
50.0°F
Average low
30.0°F
Annual precipitation
23.8 in

Air quality

Air quality rating
Good
Median AQI (annual)
36
Days with Good air quality
282

Amenities

Nearest airport
Red Lake Falls Municipal Airport (4 mi)
Nearest major airport
Thief River Falls Regional Airport (TVF) (13 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.5 kWh/m²/day)

Migration

Net migration
-10 tax filers

Housing stock

Median year housing built
1,970
Median annual property tax
$2,020
Mean commute to work
19 min
Households with broadband internet
72.1%

Employment & development

Total county employment
705
Average weekly wage
$820
Top industries (by employment)
Other Services, Professional Services, Agriculture
Annual residential building permits (county)
1

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents