56283
Redwood Falls, Minnesota.
Redwood Falls, Redwood County, MN · population 6,481
to buy the typical home at today's mortgage rate — +$572 (+118%) since Jan 2020.
- 1 year
- Up $10,584 +6%
- $190,952$201,536 since Sep 2025
- 5 years
- Up $40,221 +25%
- $161,315$201,536 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 56283$1,058
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in zip 56283 rose 5.5% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Redwood County, MN 84% · Renville County, MN 16%
Zillow also publishes an index for the city itself: Redwood Falls, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 56283
Mid-tier homes, smoothed and seasonally adjusted.
- 56283$201,536
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 8.2 | 56270 | Morton | 1,076 | — | $145,565 |
| 13.7 | 55333 | Franklin | 698 | — | $172,048 |
| 13.8 | 56266 | Morgan | 1,583 | — | $188,476 |
| 15.3 | 56292 | Vesta | 577 | — | $193,376 |
| 15.6 | 56237 | Echo | 553 | — | $188,277 |
| 17.2 | 56284 | Renville | 2,168 | — | $198,511 |
| 17.9 | 56277 | Olivia | 2,905 | — | $197,703 |
| 18.2 | 56230 | Danube | 779 | — | $184,992 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.