Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.9 yrs |
|---|---|
| Avg HH Size | 2.33 |
| Below Poverty | 12.4% ▲ 24% above avg |
| College Grads | 34.5% ▼ 11% below avg |
| Unemployment | 1.0% ▼ 80% below avg |
| No HS Diploma | 109 (2.5%) |
| HS Graduate | 1,547 (35.9%) |
| Some College | 520 (12.1%) |
| Associates | 645 (15%) |
| Bachelors | 484 (11.2%) |
| Graduate Degree | 1,004 (23.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,548 ▼ 13% below avg |
|---|---|
| Median Home Value | $177,200 ▼ 36% below avg |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $823/mo |
| Total Housing Units | 3,089 |
| Vacant Units | 400 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Redwood Falls is a city in Minnesota, located in Redwood County. The city spans 1 ZIP code and is home to approximately 6,469 residents. It is a middle-aged city, with a median age of 42.9 years.
Economically, Redwood Falls is a solidly middle-class community. The median household income of $66,548 is near the national average. Approximately 12.4% of residents live below the poverty line. The unemployment rate is 1.0%, well below the national average.
The real estate market in Redwood Falls is an affordable housing market. Median home values stand at $177,200, which is below the national average. Renters typically pay around $823 per month. Homeownership is high at 75.3%, typical of suburban and family-oriented communities.
The population of Redwood Falls is moderately educated. 34.5% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (89.52%).
Redwood Falls, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56283 | 6,469 | $66,548 | $177,200 | $823 | 1.0% | 34.5% | 75.3% |