HomeMinnesotaRed Lake CountyRed Lake Falls city
Red Lake Falls city, Minnesota: commercial real estate data.
Red Lake Falls city is a Census city of 1,348 people across 2.10 square miles of land, in Red Lake County. Median household income is $64,342, 80.4 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $66,300.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Red Lake Falls
What Red Lake Falls is
- Census place typecity
- Land area2.1 sq mi
- Water area0 sq mi
- Population per square mile of land642
- County holding the largest share of its areaRed Lake County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Lake Falls
How many people live in Red Lake Falls
- Population1,348
- Median age42.3
- Population under 18350
- Share under 1826.0 percent
- Population 65 and over304
- Share 65 and over22.6 percent
- Households586
- Family households304
- Share of households that are families51.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Lake Falls
Income and work in Red Lake Falls
- Median household income$64,342
- Per capita income$36,377
- Civilian labor force687
- Employed674
- Unemployed13 plus or minus 8
- Unemployment rate1.9 percent plus or minus 1.1
- Adults 25 and over931
- Adults 25 and over with a high school diploma or higher94.6 percent
- Adults 25 and over with a bachelor degree or higher17.9 percent plus or minus 4.5
- Adults 25 and over with a graduate degree4.5 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Lake Falls
Housing in Red Lake Falls
- Housing units649
- Occupied units586
- Vacant units63 plus or minus 37
- Vacancy rate9.7 percent plus or minus 5.6
- Owner occupied471
- Renter occupied115 plus or minus 33
- Ownership rate80.4 percent
- Median owner-occupied home value$139,300
- Median gross rent, monthly$511
- Annual rent as a share of median income9.5 percent
- Single family units451
- Share single family69.5 percent
- Units in buildings of two or more116 plus or minus 35
- Share in buildings of two or more17.9 percent plus or minus 5.1
- Mobile homes82 plus or minus 33
- Median year structure built1968
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Lake Falls
How Red Lake Falls gets to work
- Workers 16 and over who commute607
- Commuting under 15 minutes220 plus or minus 52
- Share commuting under 15 minutes36.2 percent
- Commuting 30 minutes or more85 plus or minus 31
- Share commuting 30 minutes or more14.0 percent plus or minus 4.7
- Drove alone67.5 percent
- Carpooled18.8 percent plus or minus 8.1
- Public transport0.6 percent plus or minus 1.3
- Walked3.1 percent plus or minus 2.6
- Worked from home9.9 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Red Lake Falls
SBA loans in Red Lake Falls (7(a))
- Approvals1
- Gross approval$66,300
- Average approval$66,300
- Median approval$66,300
- Ninetieth percentile approval$66,300
- Largest approval$66,300
- Jobs supported2
- Jobs per approval2.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term180 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Red Lake Falls
SBA loans in Red Lake Falls (504)
- Approvals1
- Gross approval$688,000
- Average approval$688,000
- Median approval$688,000
- Largest approval$688,000
- Jobs supported18
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Red Lake County, not Red Lake Falls
Red Lake County context, not Red Lake Falls figures
These are Red Lake County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Red Lake Falls measurements.
- Establishments in Red Lake County89
- Employment at those establishments, Red Lake County642
- Covered employment, Red Lake County985
- Average annual pay, Red Lake County$44,602
- Average weekly wage, Red Lake County$858
- Housing units permitted, Red Lake County0
- Of those, single family, Red Lake County0
- County product, 2024, Red Lake County$247,946,000
- County product change over the prior year, Red Lake County10.7 percent
- Average income of an arriving household, Red Lake County$48,081
Every figure in this section is published for Red Lake County as a whole and is not a measurement of Red Lake Falls. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Red Lake Falls questions, answered from the record.
How many people live in Red Lake Falls, Minnesota?
1,348, in 586 households. Red Lake Falls city covers 2.10 square miles of land, which is 642 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Red Lake Falls in?
Red Lake County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Red Lake Falls?
$64,342. The median owner-occupied home is valued at $139,300. Median gross rent is $511 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Red Lake Falls businesses?
1 7(a) approvals totalling $66,300, across 1 lenders, median approval $66,300, plus 1 504 approvals worth $688,000. These count approvals to borrowers whose address is in Red Lake Falls, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Red Lake Falls borrowers get paid back?
No rate is published for Red Lake Falls. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Red Lake Falls figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Red Lake County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Red Lake Falls.
Is zoning published for Red Lake Falls?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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