A typical Minnesota Falls home is worth roughly $158,000
What kind of housing town is Minnesota Falls?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Minnesota Falls
Try your own numbers below.
That covers a typical Minnesota Falls home, with $183K to spare.
A two-bedroom rents for about $1,060 a month here, $100 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,060
Renters already here pay a median of $669, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chippewa County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
83% of Minnesota Falls households own their home
Half of Minnesota Falls’s homes were built before 1976.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Minnesota Falls vs. its neighbors
Minnesota Falls is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Minnesota Falls | $158K* | — | $1,060 | — | $90,417 |
| Granite Falls | $152K | +4.8% | $1,050 | — | $108,750 |
| Granite Falls | $137K* | — | $1,060 | 2 | $59,375 |
| Wood Lake | $176K | +8.5% | $1,010 | — | $82,917 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Minnesota Falls buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.