What is the population of Redwood Falls city?

Redwood Falls city has 5,075 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #148 of 914 in Minnesota.

What is the median household income in Redwood Falls city?

Median household income in Redwood Falls city is $61,947 a year, 21.1% below the national figure of $78,538.

How much does it cost to rent or buy in Redwood Falls city?

Median gross rent is $824 a month and the median home value is $162,000, so rent absorbs about 16% of median household income.

Is Redwood Falls city affordable compared with the rest of the US?

Homes cost about 2.6× the local median income here versus roughly 3.9× nationally, so Redwood Falls city is more affordable to buy in than the typical US market, and rent takes 16% of median income against the 30% cost-burden line.

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Minnesota · Census place 53656

Redwood Falls, MN population, income and ZIP codes

Quick answer

The population of the city of Redwood Falls, Minnesota (Redwood Falls, MN — Census place “Redwood Falls city”) is 5,075 residents, ranking #148 of 914 places in Minnesota. Median household income is $61,947, the median home is worth $162,000 and median gross rent runs $824 a month. Looking for the Redwood Falls Minnesota ZIP code list? 1 ZIP codes serve Redwood Falls, MN: 56283.

Population: 5,075Redwood Falls city residents
Median household income: $61,947Past 12 months, inflation adjusted
Median home value: $162,000Owner-occupied units
Median gross rent: $824Rent plus utilities, monthly
Median age: 43.1 yrsAll residents
Homeownership rate: 70.7%Owner-occupied households

Redwood Falls ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Redwood Falls.

The Redwood Falls MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

56283

What the numbers mean in Redwood Falls city

Housing cost measured against local earnings.

A household earning the Redwood Falls city median would spend about 16% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.2% of residents and 70.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Redwood Falls city, MN in context

How this area compares with national benchmarks.

Redwood Falls city is a mid-size town in Minnesota, with 5,075 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #148 of 914 ranked by population — larger than 83% of them. The median age here is 43.1 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Redwood Falls city earn a median of $61,947 a year, 21.1% below the national figure of $78,538 and 18% below the $75,469 median for the 361 Minnesota cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 15.2% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Redwood Falls city is valued at $162,000, 46.6% below the national figure and 33% below the $240,400 peer median, while median gross rent runs $824 a month, 41.4% below the national figure, or roughly $9,888 across a full year. A household on the local median income would put about 16% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.6×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 70.7% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Redwood Falls city?: Redwood Falls city has 5,075 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #148 of 914 in Minnesota.
What is the median household income in Redwood Falls city?: Median household income in Redwood Falls city is $61,947 a year, 21.1% below the national figure of $78,538.
How much does it cost to rent or buy in Redwood Falls city?: Median gross rent is $824 a month and the median home value is $162,000, so rent absorbs about 16% of median household income.
Is Redwood Falls city affordable compared with the rest of the US?: Homes cost about 2.6× the local median income here versus roughly 3.9× nationally, so Redwood Falls city is more affordable to buy in than the typical US market, and rent takes 16% of median income against the 30% cost-burden line.
How current is this Redwood Falls city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.