Red Lake Falls, MN Housing Market
$209,405
9.2% 1-yrThe average Red Lake Falls, MN home value is $209,405, up 9.2% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Red Lake Falls Key Takeaways
Typical Home Values: $209,405
1-Year Value Change: +9.2%
(Data through August 31, 2026)
Red Lake Falls Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Red Lake Falls Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Red Lake Falls, MN?
The median home value in Red Lake Falls, MN is $209,405 as of August 2026. This represents a 0.7% decrease compared to last month and a 9.2% increase year-over-year.
How have home values changed in Red Lake Falls, MN?
Home values in Red Lake Falls, MN have decreased by 0.7% month-over-month and 9.2% year-over-year.
How do home values in Red Lake Falls, MN compare to Red Lake County, Minnesota, and the national average?
The median home value in Red Lake Falls, MN ($209,405) compares to: Red Lake County ($191,635), Minnesota ($350,752), and the U.S. national median ($368,697).
