Real Estate Investing in Red Lake Falls, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 2,280 • Red Lake County

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Should you buy in Red Lake Falls, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (56/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.5% vacancy may signal weakening demand.

What’s happening in Red Lake Falls, MN?

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2.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

1.7% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $224,509
Avg Monthly Rent $882
ZIP Codes 1

Investing in Red Lake Falls Real Estate

Across Red Lake Falls's 1 ZIPs, the picture is thin: $225K median values, $882/mo rents, and a population that has faced real economic pressure.

Red Lake Falls is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.

The $882/mo / $225K relationship in Red Lake Falls looks lackluster once vacancy and capex are incorporated into underwriting. trends toward the realized yield tends to disappoint.

The 0% renter share in Red Lake Falls masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$224,509
Avg Monthly Rent
$882
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Red Lake Falls, MN

Screen every ZIP in Red Lake Falls

Filter Red Lake Falls’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Red Lake Falls, MN

What price range are homes in Red Lake Falls, MN?

In Red Lake Falls, MN the median home value sits at $225K. Against the broader MN market, that reads as reasonable for most investors.

What are vacancy rates like in Red Lake Falls, MN?

Red Lake Falls, MN carries elevated vacancy risk. Expect predictable absorption at market rents of $882/mo.

Is it easy to find good tenants in Red Lake Falls, MN?

Tenant quality in Red Lake Falls, MN ranks as solid. Landlords generally report consistent occupancy at market rents of $882/mo.

How viable is house hacking in Red Lake Falls, MN?

Red Lake Falls, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $882/mo rent level.

Is Red Lake Falls in MN worth investing in?

Red Lake Falls, MN rates 2.0/5 for investability. With median values at $225K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.

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