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According to statistics, the population in Redwood Falls, MN amounts to 5,031, which shows decline -1% compared to the previous year. The median age of the city’s residents is 43. The average household income is $47,020, shifting growth 3% from the past year, and the average property value in Redwood Falls, MN decline -5% to $94,500 throughout the year.
|Number Of Employees||2,352|
|Median Property Value||$94,500|
The average household income in Redwood Falls, MN grew from $45,760 to $47,020 in the past year. This data is an estimate based upon 2,041 households in Redwood Falls, MN . The chart below presents how household income is distributed in Redwood Falls, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Redwood Falls, MN shifted from $99,500 to $94,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Redwood Falls, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Redwood Falls, MN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Redwood Falls, MN compared to median property taxes around the country. The prevalent amount of property taxes in Redwood Falls, MN equals $800, which is less than the national average.
|Apartment Size||May||vs Last Month|
|3 bed apartments||$241,040||N/A|
|4+ bed apartments||$279,900||+41.8%|
During May 2021, the average price for an apartment in/near Redwood Falls, MN increased by 25.4% to $247,516.
Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $241,040. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $279,900 for a big-family home.
|Listing Type||May||vs Last Month|
|Houses for sale||$247,516||+25.4%|
According to statistics, average house is still $247,516 with no significant changes this month.
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