HomeMinnesotaRedwood CountyRedwood Falls
Redwood Falls, Minnesota: commercial real estate data.
Redwood Falls is a Census city of 5,068 people across 5.28 square miles of land, in Redwood County. Median household income is $61,750, 68.3 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $212,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Redwood Falls
What Redwood Falls is
- Census place typecity
- Land area5.28 sq mi
- Water area0.12 sq mi
- Population per square mile of land960
- County holding the largest share of its areaRedwood 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.
Redwood Falls
How many people live in Redwood Falls
- Population5,068
- Median age43.2
- Population under 181,132
- Share under 1822.3 percent
- Population 65 and over1,237
- Share 65 and over24.4 percent
- Households2,197
- Family households1,254
- Share of households that are families57.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Redwood Falls
Income and work in Redwood Falls
- Median household income$61,750 plus or minus $13,989
- Per capita income$32,604
- Civilian labor force2,308
- Employed2,231
- Unemployed77 plus or minus 45
- Unemployment rate3.3 percent plus or minus 1.9
- Adults 25 and over3,562
- Adults 25 and over with a high school diploma or higher93.4 percent
- Adults 25 and over with a bachelor degree or higher24.3 percent
- Adults 25 and over with a graduate degree8.1 percent plus or minus 2.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Redwood Falls
Housing in Redwood Falls
- Housing units2,500
- Occupied units2,197
- Vacant units303 plus or minus 115
- Vacancy rate12.1 percent plus or minus 4.6
- Owner occupied1,501
- Renter occupied696 plus or minus 147
- Ownership rate68.3 percent
- Median owner-occupied home value$162,100
- Median gross rent, monthly$832
- Annual rent as a share of median income16.2 percent plus or minus 3.8
- Single family units1,762
- Share single family70.5 percent
- Units in buildings of two or more548 plus or minus 144
- Share in buildings of two or more21.9 percent plus or minus 5.7
- Mobile homes190 plus or minus 89
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Redwood Falls
How Redwood Falls gets to work
- Workers 16 and over who commute2,081
- Commuting under 15 minutes1,570
- Share commuting under 15 minutes75.4 percent
- Commuting 30 minutes or more180 plus or minus 67
- Share commuting 30 minutes or more8.6 percent plus or minus 3.1
- Drove alone84.5 percent
- Carpooled3.5 percent plus or minus 2.8
- Public transport2.1 percent plus or minus 1.8
- Walked3.8 percent plus or minus 2.5
- Worked from home5.0 percent plus or minus 3.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Redwood Falls
SBA loans in Redwood Falls (7(a))
- Approvals1
- Gross approval$212,000
- Average approval$212,000
- Median approval$212,000
- Largest approval$212,000
- Jobs supported0
- Jobs per approval0.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more100.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Redwood Falls, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Redwood Falls
SBA loans in Redwood Falls (504)
- Approvals7
- Gross approval$2,204,000
- Average approval$314,857
- Median approval$239,000
- Largest approval$704,000
- Jobs supported81
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Redwood Falls, in any county, FY2010 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Redwood Falls
Flood risk in Redwood Falls
- NFIP communityCity of Redwood Falls
- NFIP community number270393
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/16/13
The City of Redwood Falls participates in the National Flood Insurance Program as community 270393 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Redwood County, not Redwood Falls
Redwood County context, not Redwood Falls figures
- Establishments in Redwood County509
- Covered employment, Redwood County6,096
- Average annual pay, Redwood County$53,471
- Housing units permitted, Redwood County15
Every figure in this section is published for Redwood County as a whole and is not a measurement of Redwood Falls.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Redwood Falls questions, answered from the record.
How many people live in Redwood Falls, Minnesota?
5,068, in 2,197 households. Redwood Falls city covers 5.28 square miles of land, which is 960 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Redwood Falls in?
Redwood 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 Redwood Falls?
$61,750. The median owner-occupied home is valued at $162,100. Median gross rent is $832 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Redwood Falls businesses?
1 7(a) approvals totaling $212,000 since FY2020, across 1 lenders, median approval $212,000, plus 7 504 approvals worth $2.2 m since FY2010. These count approvals to borrowers whose address is in Redwood Falls, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Redwood Falls borrowers get paid back?
No rate is published for Redwood Falls. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Redwood Falls in the National Flood Insurance Program?
Yes. Redwood Falls appears in the FEMA Community Status Book as Redwood Falls, city of, community 270393, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Redwood Falls figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Redwood 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 Redwood Falls.
Is zoning published for Redwood Falls?
No. Nothing on this page presents parcel level zoning.
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