What percentage of people rent in Redwood Falls, MN?

31.7% (±6.0 points) of the occupied homes in Redwood Falls, MN are rented (2020–2024 American Community Survey).

That is 696 renting households against 1,501 that own their home.

In Redwood Falls, the share of households that rent went from 32.5% in 2015–2019 to 31.7% in 2020–2024 (−0.8 percentage points), not a measurable change.

Figures last updated on .

Households that rent
31.7% (±6.0 points)
Renting households
696 (±147)
Median renter income
$30,125 (±$9,524)

Who rents and who owns in Redwood Falls

Tenure, estimate (90% margin of error)
Redwood FallsRedwood CountyMinnesotaUnited States
Renter-occupied share31.7% (±6.0 points)21.6% (±2.6 points)27.8% (±0.2 points)34.8%
Renting households696 (±147)1,360 (±178)641,268 (±4,528)45,017,354
Owning households1,501 (±130)4,933 (±167)1,666,687 (±7,556)84,210,142
Average renter household size1.7 (±0.2)1.8 (±0.1)2.0 (±0.0)2.3
Average owner household size2.5 (±0.2)2.5 (±0.1)2.6 (±0.0)2.6
Median renter household income$30,125 (±$9,524)$31,129 (±$6,107)$51,080 (±$531)$52,966
Median owner household income$74,728 (±$13,628)$75,539 (±$3,819)$108,214 (±$476)$100,009

In Redwood Falls, the renter share is higher than in Redwood County (21.6%).

It is not measurably different from Minnesota (27.8%).

It is not measurably different from the national figure (34.8%).

In Redwood County, Redwood Falls ranks 5 of 40 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 229 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Redwood Falls has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent32.5% (±4.0 points)31.7% (±6.0 points)−0.8 percentage pointsNot a measurable change
Median gross rent$730 (±$98)$832 (±$46)+14.0%No measurable change after inflation
Median household income$51,232 (±$4,846)$61,750 (±$13,989)+20.5%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Redwood Falls

Nearest places with a published estimate, compared with Redwood Falls
PlaceDistanceHouseholds that rentCompared with this place
Redwood Falls—31.7% (±6.0 points)—
Paxton Township3.6 mi7.8% (±3.8 points)Lower
Beaver Falls Township4.1 mi4.9% (±4.0 points)Lower
Delhi Township5.0 mi9.7% (±6.1 points)Lower
Redwood Falls Township5.3 mi8.5% (±7.6 points)Lower
Morton5.8 mi25.4% (±8.2 points)Not measurably different
Delhi6.5 mi10.0% (±13.3 points)Lower
Birch Cooley Township8.1 mi1.3% (±3.3 points)Lower
Flora Township8.8 mi17.5% (±10.6 points)Lower

Nearby places with a measurably lower figure: Paxton Township, MN (7.8%), Beaver Falls Township, MN (4.9%), Delhi Township, MN (9.7%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Redwood County, place by place

RankPlaceHouseholds that rent
1Lucan43.0% (±19.0 points)
2Johnsonville Township36.8% (±20.4 points)
3Granite Rock Township33.3% (±23.2 points)
4Walnut Grove33.0% (±6.5 points)
5Redwood Falls31.7% (±6.0 points)
6Belview30.6% (±10.9 points)
7Wanda23.7% (±19.5 points)
8Wabasso23.6% (±7.1 points)
9Vail Township23.1% (±11.3 points)
10Lamberton22.4% (±9.6 points)
11Morgan21.7% (±7.5 points)

Showing 11 of 40 places in Redwood County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Redwood Falls

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Redwood Falls, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Redwood Falls beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Redwood Falls, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Redwood Falls

How many renters are there in Redwood Falls?

Redwood Falls has an estimated 696 (±147) renting households, 31.7% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Redwood Falls?

In Redwood Falls, the share of households that rent went from 32.5% in 2015–2019 to 31.7% in 2020–2024 (−0.8 percentage points), not a measurable change.

How big are renting households in Redwood Falls?

A renting household in Redwood Falls has 1.7 people on average, against 2.5 in an owned home.

How much do renters earn in Redwood Falls?

The median renting household in Redwood Falls, MN has an income of $30,125 (±$9,524) a year, against $74,728 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Redwood Falls city, Minnesota (place:53656, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

Related