Faribault, MN—55021
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$293,000
5.3% YoY Growth
Household Income
$70,300
15.7% YoY Growth
Days on Market
68
4.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$1,150
11.3% YoY Growth
1-Bed Rent
$1,050
2.7% YoY Growth
2-Bed Rent
$1,200
12.6% YoY Growth
3-Bed Rent
$1,600
19.0% YoY Growth
Home Price Trends — Faribault, MN
As of Dec '25, the median home price in Faribault, MN is $293,000, with a year-over-year change of 5.3%. This indicates that home prices in Faribault, MN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | 5.3% |
| Single Family | $296,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |