A typical Red Lake home is worth roughly $117,000
What kind of housing town is Red Lake?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.5 years of income
Less than across Minnesota (3.9 years). Try your own numbers below.
That covers a typical Red Lake home, with $60K to spare.
A two-bedroom rents for about $990 a month here, $280 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 $990
Renters already here pay a median of $378, 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 (Beltrami County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
66% of Red Lake households own their home
Half of Red Lake’s homes were built before 1989.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Red Lake vs. its neighbors
Red Lake is the priciest of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Red Lake | $117K* | — | $990 | $46,328 |
| Redby | $108K* | — | $990 | $57,059 |
| Little Rock | $42K* | — | $990 | — |
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 Red Lake 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.