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Redwood Falls, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Redwood Falls, Minnesota had a total population of 5,068, the 149th largest city in Minnesota, with a median household income of $61,750, which is 31% lower than the state average. The poverty rate is 17.2%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Redwood Falls Quick Facts

Population 5,068
Median Household Income $61,750
Median Home Value $162,100
Poverty Rate 17.2%
Unemployment Rate 3.3%
Median Age 43.2 years
Homeownership Rate 68.3%
Affordability Ratio 2.6x
Bachelor's Degree or Higher 24.3%
High School Graduation Rate 93.4%
Diversity Index 24/100
Population 5,068 149th of 914
Median Income $61,750 below average
Poverty Rate 17.2% 38% higher than national
Median Home Value $162,100 average

How Redwood Falls Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population5,0755,068-0.1%
Median household income$61,947$61,750-0.3%
Median home value$162,000$162,100+0.1%

How Redwood Falls Compares

Economy & Housing

Household Income Distribution

Under $25K 21.3%
$25K-$50K 24.8%
$50K-$100K 24.0%
$100K+ 29.9%
Detailed income brackets
Under $10K
4.5%
$10K-$15K
6.2%
$15K-$20K
6.7%
$20K-$25K
4.0%
$25K-$30K
10.2%
$30K-$35K
2.3%
$35K-$40K
2.0%
$40K-$45K
4.3%
$45K-$50K
5.9%
$50K-$60K
3.1%
$60K-$75K
11.3%
$75K-$100K
9.6%
$100K-$125K
10.6%
$125K-$150K
10.7%
$150K-$200K
5.3%
$200K+
3.3%

Employment

3.3% Unemployment Rate State: 4.1%|National: 5.2%
56.7% Labor Force Participation

Housing Overview

Owner 68.3%
Renter 31.7%
Affordability Index Very Affordable
2.6x home value to income ratio
Median gross rent $832/mo 16.2% of median household income annually

People & Demographics

Diversity Index

24out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Redwood Falls Rankings in Minnesota

#149 Population of 914
#576 Median Income of 887
#338 Education of 914
#487 Home Value of 870

Other Cities in Redwood County

CityPopulationMedian IncomePovertyHome Value
Morgan 925 $55,833 11.8% $117,400
Lamberton 917 $58,631 8.6% $96,000
Walnut Grove 808 $58,125 31.1% $90,000
Wabasso 603 $63,750 8.4% $109,600
Belview 362 $74,583 20.1% $93,600
Vesta 311 $66,875 5.8% $105,600
Sanborn 299 $48,750 15.4% $68,200
Lucan 220 $40,000 18.2% $137,500
Milroy 203 $59,583 15.8% $112,500
Clements 109 $54,375 25.2% $63,100

Cities Similar to Redwood Falls

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Princeton5,274$62,219$218,70013.6%8.5%
Luverne4,925$64,366$208,00029.2%12.2%
Morris5,128$67,727$209,60037.3%15.9%
St. James4,767$60,242$122,10015.5%18.1%
Lake City5,034$72,244$238,70028.4%5.9%

Population Overview

Redwood Falls is a small city located in Minnesota, within Redwood County. The total population is 5,068. It ranks as the 149th most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Redwood Falls is 43.2 years. This is 11% higher than the state median of 38.8 years. 11.9% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Redwood Falls is $61,750. This is 31% lower than the state median of $89,062. It is also 24% lower than the national median of $80,734. The poverty rate stands at 17.2%. This is 85% higher than the state poverty rate of 9.3%. The unemployment rate is 3.3%. This is 18% lower than the state rate of 4.1%. The median home value is $162,100. Housing costs are 51% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.6x, Redwood Falls is one of the most affordable housing markets in the area. 68.3% of occupied housing units are owner-occupied. This homeownership rate is 5% lower than the state average of 72.2%.

Race & Ethnicity

Redwood Falls has a predominantly White (non-Hispanic) population, comprising 86.8% of all residents. Hispanic or Latino residents account for 5.7%. The Black or African American population (0.0%) is well below the state average of 7.0%. The Asian population (0.0%) is well below the state average of 5.1%.

Education

24.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 38% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.4%.

Data Sources & Methodology

All demographic data for Redwood Falls, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Redwood Falls, Minnesota?

Redwood Falls, Minnesota has a population of 5,068 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Redwood Falls, MN?

The median household income in Redwood Falls is $61,750, which is 24% lower than the national median of $80,734.

What is the poverty rate in Redwood Falls, MN?

The poverty rate in Redwood Falls is 17.2%. This means approximately 852 residents live below the federal poverty line.

What is the racial makeup of Redwood Falls, Minnesota?

Redwood Falls's population is 86.8% White, 0.0% Black, 5.7% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Redwood Falls, MN?

The median home value in Redwood Falls is $162,100. The home-value-to-income ratio is 2.6x.

How educated is Redwood Falls, Minnesota?

24.3% of adults (25+) in Redwood Falls hold a bachelor's degree or higher, and 8.1% hold a graduate or professional degree.