All Countries
Faribault, MN
Full City Profile · Minnesota · Rice County County
2.9
/5.0
C+
Fair
24,458
Population
1,557/sq mi density
$61,662
Median Income
$32,009 per capita
$233,900
Home Value
$293,770 Zillow
$1,041
Median Rent
32.4% income on rent
45°F
Avg Temperature
270 sunny days/yr
255
Violent Crime/100K
1,965 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$61,662 median income, 3.3% unemployment
A+
Affordability
4.5 / 5.0
$233,900 home value, $1,041/mo rent
F
Safety
1.0 / 5.0
255 violent crimes/100K
C
Education
2.4 / 5.0
17.5% bachelor's degree or higher
Housing Overview
Median Home Value
$233,900
17% below
US avg: $281,900
Median Rent
$1,041/mo
10% below
US avg: $1,163/mo
Homeownership Rate
65.4%
0% below US avg (65.4%)
Total Housing Units
9,294
Median year built: 1973
Home Value by Source
Census Median
$233,900
Zillow (ZHVI)
$293,770
Median Sale Price
$270,000
Median List Price
$295,474
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
65.4%
Owner-Occupied
34.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$671/mo
1 Bedroom
$790/mo
2 Bedroom
$973/mo
3 Bedroom
$1,312/mo
4 Bedroom
$1,317/mo
Census median rent:
$1,041/mo
· Zillow rent:
$1,600/mo
Market Indicators (Redfin)
Median Days on Market
67 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
11
Price Drops
30.0%
of listings with price reduction
Price Per Sq Ft
$163
Active Inventory
40
homes for sale
Affordability & Housing Stock
Rent Burden
32.4%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
65.4%
Complete Housing Data
Home Values
| Census Median Value | $233,900 |
| Zillow Home Value (ZHVI) | $293,770 |
| Median Sale Price | $270,000 |
| Median List Price | $295,474 |
| Price Per Sq Ft | $163 |
Rent
| Census Median Rent | $1,041 |
| Zillow Rent (ZORI) | $1,600 |
| FMR Studio | $671 |
| FMR 1-Bedroom | $790 |
| FMR 2-Bedroom | $973 |
| FMR 3-Bedroom | $1,312 |
| FMR 4-Bedroom | $1,317 |
Market
| Days on Market | 67 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 30.0% |
| Homes Sold | 11 |
| Active Inventory | 40 |
| Price Per Sq Ft | $163 |
Ownership & Stock
| Owner-Occupied | 65.4% |
| Renter-Occupied | 34.6% |
| Homeownership Rate | 65.4% |
| Total Housing Units | 9,294 |
| Median Year Built | 1973 |
| Rent Burden | 32.4% |