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Faribault County Housing Market

Minnesota · 87 counties · Ranked #629 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$120,200

vs national$120,200 vs $281,900 national

Median Gross Rent

$837/mo

vs national$837 vs $1,163 national

Effective Tax Rate

1.05%

vs national+1.05% vs 1.02% national

Median Household Income

$64,391

vs national$64,391 vs $74,755 national

Affordability Ratio

1.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,263

Tax as % of Home Value

1.05%

Monthly Owner Cost

$826

Renter Income

$44,762

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Frequently Asked Questions

What is the median home value in Faribault County?

The median home value in Faribault County is $120,200. This is below the national median of $281,900.

How much is rent in Faribault County?

The median gross rent in Faribault County is $837 per month.

What is the property tax rate in Faribault County?

The effective property tax rate in Faribault County is 1.05%. The median annual property tax bill is $1,263.

Is Faribault County affordable?

With a home-value-to-income ratio of 1.9x, Faribault County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.