Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$208,265+8.2% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$45,148About 0.6× the local median income ($72,158): affordable for a typical household
Days on market70 daysAbout the same pace as a year ago
The typical home in Red Lake County, MN is worth $208,265, up 8.2% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $221,031, so the area is 5.8% undervalued. It is a buyer's market: homes take about 70 days to sell, listings are up 20% from a year ago, 25% of listings have had a price cut. A household needs about $45,148 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,158. In the latest IRS figures, 35 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$208,265
Change in 1 year
+8.2%
Overvalued %
−5.8%
Show 6 more
Fair home value
$221,031
Change in 5 years
+9.4%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$1,129
Income needed to afford it
$45,148
Property tax rate
1.00%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+20.0%
Days on market
70
Listings with a price cut
25.0%
Show 3 more
Homes for sale
12
Pending sales per 100 listings
17
Asking price per sq ft
$112
People and jobs
Median household income
$72,158
Population change (1 year)
+1.2%
Unemployment rate
1.1%
Show 4 more
Population
3,940
Income adjusted for cost of living
$84,002
Net moves in (IRS)
−35
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
2.2
Flood risk score
8.2
Show 3 more
Wildfire risk score
48.8
Walkability (1 to 20)
5.7
Road, rail and air noise
52 dB
Questions people ask
Is Red Lake County, MN overvalued?
Home prices in Red Lake County, MN are slightly below what local incomes have historically supported: fair value is about $221,031, so the area is 5.8% undervalued.
Is Red Lake County, MN a buyer's or seller's market?
Red Lake County, MN is a buyer's market: homes take about 70 days to sell, listings are up 20% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Red Lake County, MN?
Home values in Red Lake County, MN are up 8.2% over the last year.
How much do you need to earn to buy a home in Red Lake County, MN?
A household needs about $45,148 a year to afford the typical home in Red Lake County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,158.