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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Little Falls, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Little Falls, MN Housing Market Trends

With 9,094 people, 3,954 houses or apartments, and a median cost of homes of $229,172, house prices in Little Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Little Falls, accounting for 71.96% of the city's housing units. Other types of housing that are prevalent in Little Falls include large apartment complexes or high rise apartments ( 14.71%), row houses and other attached homes ( 6.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.89%).

The most prevalent building size and type in Little Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.17% owning and 38.83% renting.

There is a lot of housing in Little Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Little Falls built between 1940-1969 ( 30.58%). A lesser amount of the housing stock also hails from before 1939 ( 23.69%). There's also some housing in Little Falls built between 2000 and later ( 12.85%).

Little Falls Home Appreciation Rates

Real estate appreciation rates in Little Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.15% during the period.

Over the last year, Little Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Little Falls's appreciation rate has been 3.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Little Falls were at 4.64%, which equates to an annual appreciation rate of 19.89%.

Importantly, this makes Little Falls one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Minnesota, our data show that Little Falls's latest annual appreciation rate is higher than 50% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$229,172

Little Falls, MN Home Prices
> $1,311,000
$983,001 - $1,311,000
$655,001 - $983,000
$524,001 - $655,000
$393,001 - $524,000
$262,001 - $393,000
$131,001 - $262,000
$66,001 - $131,000
$0 - $66,000
0.1%
0.1%
0.1%
0.1%
1.1%
1.1%
5.1%
5.1%
4.2%
4.2%
30.6%
30.6%
46.2%
46.2%
10.3%
10.3%
2.2%
2.2%
0% 100.0%
% of Homes
Low

for Minnesota

Low

for nation

Number of Homes And Apartments:

3,954

Little Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,270 / per month

Homeownership Rate

Owners
Renters
61.2%
61.2%
38.8%
38.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.9%
12.9%
32.9%
32.9%
30.6%
30.6%
23.7%
23.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.0%
72.0%
6.2%
6.2%
5.9%
5.9%
14.7%
14.7%
1.3%
1.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
12.2%
12.2%
29.1%
29.1%
35.3%
35.3%
18.5%
18.5%
3.1%
3.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Little Falls

Popular Communities Near Little Falls, MN

Zip Codes in Little Falls, MN