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City · 9,121 residents · Morrison County, Minnesota

Little Falls , Minnesota

In Little Falls, a typical home is worth $202,600 and typical rent is $747 a month. Compared with all of Morrison County, typical household income is 31% lower, the typical home value is 18% lower, and the share of households that own their home is 17 points lower.

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  • Typical home value

    $202,600

    18% below the county

    38% below Minnesota

    • Little Falls
    • Morrison
    • Minnesota

  • Typical rent

    $747a month

    5% below the county

    42% below Minnesota

    • Little Falls
    • Morrison
    • Minnesota

  • Typical household income

    $47,863a year

    31% below the county

    46% below Minnesota

    • Little Falls
    • Morrison
    • Minnesota

  • Households that own their home

    64%

    17 points below the county

    8 points below Minnesota

    • Little Falls
    • Morrison
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$282,501
3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Little Falls is in Morrison County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Morrison County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Little Falls apart

What this place has that others do not, from public data, most unusual first.

  1. Little Falls has the lowest typical household income of the 152 cities in Minnesota with more than 5,000 people: $47,863.

  2. Little Falls has the 3rd lowest typical rent of the 148 cities in Minnesota with more than 5,000 people ($747).

  3. Little Falls has the 6th smallest share of rent-burdened renters of the 139 cities in Minnesota with more than 5,000 people (35%).

  4. 64% of households in Little Falls own their home, against 81% in Morrison County.

  5. The typical home in Little Falls is worth $202,600, 18% less than in Morrison County as a whole ($248,500).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Little Falls

What homes there are in Little Falls, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Little Falls, but it weighs less than in Morrison County: 68% against 82%.

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Morrison County is $1,014; about 72% of rents in Little Falls are below it.

With a mortgage

$1,448 a month

Morrison County: $1,581 a month

Without a mortgage

$487 a month

Morrison County: $561 a month

Owners with a mortgage

59%

Morrison County: 56%

Owning costs less in Little Falls: with a mortgage, the typical cost is $1,448 a month; in Morrison County, $1,581. Without one, $487.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Little Falls rose 58%; in Morrison County, it rose 46%.

Since 2015–2019, the typical rent in Little Falls did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLittle FallsMorrison CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimate1.1%2.3%3.4%
People per household 2.122.392.432.53
Drive alone 79%79%69%69%
Carpool 9%8%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 7%9%18%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Little Falls has 2.12 people, fewer than in Morrison County (2.39).

The car rules in Little Falls: 79% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Little Falls?

A typical home costs more than the typical income allows

We start with a typical home in Little Falls, worth $202,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 43% of the typical household income in Little Falls, which is $47,863 a year. For that payment to be 28% of income, a household would need to earn about $73,462 a year.

The calculator's FHA and conventional loan limits are those of all of Morrison County.

Your numbers

Local data
$

Starts at the typical home value in Little Falls. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,091 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,714

at 7.18% · 30 years

Loan amount
$198,930
Total interest
$286,214
Paid off in
November 2056

Includes $3,421 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,117 a month

  • Tight

    $1,117 to $1,436 a month

  • Hard

    more than $1,436 a month

    Your payment · 43%

Compared with the typical household income in Little Falls ($47,863 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,714
Principal & interest$1,348
Property tax$193
Home insurance$84
FHA mortgage insurance (MIP)$90

You need at least $7,091 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Little Falls and Morrison County

Little Falls is in Morrison County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Little Falls's own numbers

Typical home value
$202,600
Typical monthly rent
$747
Typical yearly household income
$47,863
Households that own their home
64%
Effective property tax rate
1.14%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Morrison County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+53%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Morrison County.

Everything about Morrison County

Buying

Buying a home in Little Falls

A typical home in Little Falls is worth $202,600: 18% below the county and 38% below Minnesota. With the typical household income in Little Falls ($47,863 a year), a typical home costs 4.2 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Little Falls 4.2 years
  • Morrison 3.6 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Morrison County

According to FHFA’s house price index, home prices in Morrison County rose 97% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Morrison County.

Period County Minnesota U.S.
Last year (2025) +2.4% +2.8% +2.9%
5 years (2020–2025) +53% +37% +47%
10 years (2015–2025) +97% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Little Falls next to Morrison County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Little Falls $202,600
  • Morrison $248,500
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Little Falls $747
  • Morrison $788
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Little Falls $47,863
  • Morrison $69,446
  • Minnesota $89,062
  • United States $80,734
See the full table
Little Falls next to Morrison County and Minnesota
Measure Little Falls Morrison County Minnesota U.S.
Typical home value $202,600 $248,500 $329,300 $332,700
Typical monthly rent $747 $788 $1,280 $1,413
Typical yearly household income $47,863 $69,446 $89,062 $80,734
Households that own their home 64% 81% 72% 65%
Typical yearly property tax $2,310 $2,190 $3,357 $3,119
Effective property tax rate 1.14% 0.88% 1.02% 0.94%
Renters with high rent for their income 35% 37% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Morrison County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Little Falls

For a typical $202,600 home in Little Falls, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Little Falls's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,714a month

    Least cash to close
    Down payment
    $7,091
    Cash to close
    $13,169
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $90

  • Conventional, 5% down $1,677a month

    Down payment
    $10,130
    Cash to close
    $16,208
    Rate
    7.18%
    Mortgage insurance
    PMI · $96

  • Conventional, 20% down, no PMI $1,375a month

    Down payment
    $40,520
    Cash to close
    $46,598
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,562a month

    Down payment
    $30,390
    Cash to close
    $36,468
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Little Falls and for Morrison County.

Property tax

Effective rate in Little Falls

1.14%of the home’s value each year

$2,310 a year for the typical owner in Little Falls.

  • Little Falls 1.14%
  • Morrison 0.88%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Morrison County

FEMA does not publish these numbers by city: they are for all of Morrison County.

FEMA’s maps count no homes in the high-risk zone in Morrison County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Little Falls

Typical rent in Little Falls is $747 a month: 5% below the county. In Little Falls, 35% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Morrison County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.

HUD fair market rent for all of Morrison County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $706 $13.58 $28,240
1 bedroom $789 $15.17 $31,560
2 bedrooms $1,014 $19.50 $40,560
3 bedrooms $1,404 $27.00 $56,160
4 bedrooms $1,484 $28.54 $59,360

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Little Falls

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Little Falls is in ZIP code 56345.

For 2 bedrooms it is $1,010: $4 less than the fair market rent for Morrison County ($1,014).

  • 56345 $1,010$1,410

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Little Falls when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Little Falls

HUD lists 9 buildings with rents for lower incomes in Little Falls. These are the largest.

  • Park Place Apartments and Townhomes 707 11th St NE, Little Falls 56345 124 low-income homes · For families (320) 632-3033
  • Pine Grove Manor Apartments 901 1st Ave SW, Little Falls 56345 100 homes, 98 low-income · Run by HRA of LITTLE FALLS, MINNESOTA · Average payment: $352 a month (320) 632-3305
  • Alverna Apartments 300 8th Ave SE, Little Falls 56345 60 low-income homes · For older adults (320) 631-5030
  • Falls Meadowridge Townhouses 741 Buck Ln, Little Falls 56345 48 low-income homes · For families (320) 632-2576
  • The Buckman 209 1st St SE, Little Falls 56345 27 low-income homes · 1 bd: 27 · In service since 1995

See all 18 buildings in Morrison County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Little Falls

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Morrison County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Little Falls

No down payment, repair or rent-help program on our list is for Little Falls or Morrison County. The ones below are statewide in Minnesota: they work in Little Falls the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Little Falls

The HUD-approved agencies closest to the center of Little Falls, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lutheran Social Service of Minnesota

    716 E Street, Brainerd · 27 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

  • Lutheran Social Service of Minnesota

    1601 Hwy 12 E, Willmar · 68 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

  • Community Action Partnership of Hennepin County

    7101 Northland Cir N, Brooklyn Park · 78 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (952) 697-1303

All counseling agencies in Minnesota

Help in Spanish near Little Falls

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Little Falls

HUD’s record names them for Little Falls or Morrison County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Minnesota Source: HUD

Cities

Nearby cities

The cities closest to Little Falls, with the typical home value.

Everything about Morrison County Housing in Minnesota

Neighboring counties

If Morrison County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Little Falls.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Little Falls

Short answers with the numbers for Little Falls and all of Morrison County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Little Falls?

The typical home value in Little Falls is $202,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Morrison County it is $248,500.

How much does it cost to rent in Little Falls?

Typical rent in Little Falls is $747 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Morrison County is $1,014.

What is the FHA loan limit in Little Falls?

Little Falls uses the FHA limit for all of Morrison County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Little Falls?

The typical homeowner in Little Falls pays $2,310 a year, according to the U.S. Census Bureau. That is 1.14% of the home’s value; in Morrison County, the rate is 0.88%.

Where can I find free help to buy or rent in Little Falls?

We found no HUD-approved counseling agencies with an office in Morrison County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).