Faribault County, Minnesota Housing Market
In Faribault County, Minnesota, the median home value is $135,300, with a median monthly rent of $799. This places Faribault County at #2430 nationally out of 3134 counties by median home value, and #85 within Minnesota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,063
- Establishments: 442
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,912 (avg $66,678)
- Outflow: 5,584 (avg $67,876)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Faribault County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 56013 | 200.4 | +2.87% | 2025 |
| 2 | 56097 | 212.4 | +4.60% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Faribault County Compares
| Metric | Faribault County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $135,300 | $238,335 | $227,706 |
| Median Gross Rent | $799 | $938 | $968 |
| Owner Occupancy Rate | 79.2% | 77.9% | 73.3% |
| Price/Rent Ratio | 14.1 | 21.1 | 18.7 |
Market Analysis
The median home value in Faribault County is 43.2% below the Minnesota state average and 40.6% below the U.S. national average. The median rent of $799/month is 14.8% below the state average.
With a price-to-rent ratio of 14.1, buying a home in Faribault County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Faribault County has an owner-occupancy rate of 79.2%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Johnson County | Arkansas | $135,300 | $728 |
| Doniphan County | Kansas | $135,200 | $776 |
| Aleutians East Borough | Alaska | $135,500 | $979 |
| Randolph County | Illinois | $135,100 | $780 |
| Sumner County | Kansas | $135,100 | $825 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kittson County | $134,800 | $757 | 82.9% |
| Pipestone County | $140,200 | $754 | 80.8% |
| Norman County | $147,100 | $774 | 79.4% |
| Yellow Medicine County | $154,700 | $678 | 84.0% |
| Chippewa County | $156,100 | $869 | 72.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).