Much like its surrounding areas, it is substantially less expensive compared to the country as a whole. Compared to the city of Fargo, it's a lot less expensive.
Home prices
The median home in Red Lake Falls costs $112,300. Compared to its nearby areas this is roughly $4,420 (4%) higher.Compared to the rest of the nation it is about $105,200 (48%) lower, and in comparison to the city of Fargo is approximately $99,800 (47%) lower.
Rents
Red Lake Falls's median rent is $547 a month. It is about $97 (15%) lower in comparison to the surrounding areas.It is about $515 (48%) lower in comparison to the rest of the country, and it is roughly $276 (33%) lower in comparison to the city of Fargo.
Nearby places
St. Hilaire
St. Hilaire is about 8 miles north from Red Lake Falls. The real estate prices there are similar. The median home price in St. Hilaire is $113,500, which comes out to $1,200 (1%) higher than Red Lake Falls. Rents there are a bit more expensive. The median monthly rent in St. Hilaire is $625, which works out to $78 (12%) higher than Red Lake Falls.
Plummer
Plummer is roughly 9 miles east from Red Lake Falls. The real estate prices there are substantially less expensive. The cost of the median home in Plummer is $80,500, which comes out to $31,800 (39%) lower than Red Lake Falls. Rent there is fairly similar. Plummer's median monthly rent is $525, which comes out to $22 (4%) lower than Red Lake Falls.
Mentor
Mentor is roughly 12 miles southeast of Red Lake Falls. The real estate prices there are a lot less expensive. Mentor's median home price is $79,500, which comes out to $32,800 (41%) lower than Red Lake Falls. Rent there is somewhat more expensive. The median rent in Mentor is $667 a month, which works out to $120 (17%) higher than Red Lake Falls.
Thief River Falls
Thief River Falls is approximately 14 miles north of Red Lake Falls. Its real estate prices are a bit more expensive. Thief River Falls's median home value is $135,700, which comes out to $23,400 (17%) higher than Red Lake Falls. Rent there is a little more expensive. The median monthly rent in Thief River Falls is $693, which works out to $146 (21%) higher than Red Lake Falls.
Crookston
Crookston is roughly 14 miles southwest of Red Lake Falls. Housing prices there are somewhat more expensive. The value of the median home in Crookston is $130,200, which comes out to $17,900 (13%) higher than Red Lake Falls. Rents there are a bit more expensive. In Crookston the median rent is $708 a month, which works out to $161 (22%) higher than Red Lake Falls.
