Faribault, Minnesota
Faribault Real Estate
Homes for sale, local facts and advice for buying or selling in Faribault, Rice County, from Huerkamp Home Group.
Key takeaways
What should you know about Faribault at a glance?
Faribault is a city in southern Minnesota in Rice County, home to 24,983 people. Here's what the public numbers say.
- Population: 24,983 (Census 2024 estimate; +2.1% since 2020)
- Median home value: $241,500, 25% lower than the Rice County median (owner estimates, Census ACS)
- Median household income: $61,449, 26% lower than Rice County
- Homeownership: 66.1% of households own their home (Minnesota: 72.2%)
- Getting around: about 60 minutes to downtown Minneapolis and 56 minutes to MSP Airport in light traffic
- Schools: Faribault Public School District covers about 100% of the city
Sources: US Census Bureau 2024 population estimates and 2020–2024 American Community Survey; drive times from OpenStreetMap routing.
For sale now
Where can I find Faribault homes for sale?
The newest Faribault listings, live from the NorthstarMLS. Open any home for photos, maps and saved-search alerts.
Open Sat, Nov 7 · 4–6 PM$360,0002245 198th Street W, Faribault, MN 55021MLS #7165020
Listing courtesy of Weichert, REALTORS- Heartland
Open Sat, Nov 7 · 4–5:30 PM$439,9001520 Trailwood Lane SW, Faribault, MN 55021MLS #7162251Listing courtesy of Weichert, REALTORS- Heartland
$339,5001730 Patricks Bay, Faribault, MN 55021MLS #7164533Listing courtesy of Re/Max Advantage Plus
$334,9002711 Village Drive, Faribault, MN 55021MLS #7144400Listing courtesy of RE/MAX Experts
$430,0002416 14th Street NE, Faribault, MN 55021MLS #7163814Listing courtesy of Edina Realty, Inc.
$229,9001414 9th Street SW, Faribault, MN 55021MLS #7161206Listing courtesy of RE/MAX Experts
See all 109 Faribault homes for sale
- Under $200,000 18
- Under $250,000 30
- Under $300,000 45
- Under $350,000 54
- Under $400,000 67
- Under $450,000 80
- Under $500,000 89
- Under $600,000 92
- Under $700,000 94
- Under $800,000 97
- Under $1 million 101
- Under $1.5 million 107
- Under $2 million 109
- $1 million and up 8
- Single-family homes 83
- Condos 9
- Multi-family homes 3
- Land and lots 14
- 3+ bedrooms 68
- 4+ bedrooms 46
- 5+ bedrooms 15
- New construction 18
- 1+ acre 5
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 8:18 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Listings from NorthstarMLS, updated every hour from 8 AM to 10 PM.
Recently sold
What did homes in Faribault sell for?
Homes sold in Faribault in the last 6 months, from NorthstarMLS.
See every Faribault sale on the map
This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Stay ahead of the market
How can you get new Faribault listings first?
Tell us your price range and we'll email new Faribault listings that match. No spam, and you can unsubscribe anytime.
- Pick your price, beds and home type
- New listings emailed as they come on the market
- Questions answered by a local agent
Housing market · September 2026
Faribault home prices and sales
Over the 12 months through September 2026, the median sale price in Faribault was $290,000, down 6.3% from the year before, with 306 homes sold.
- Median sale price$290,000−6.3% vs. prior 12 months
- Homes sold306past 12 months
- Days on market65past 12 months
- Months of supply3.8end of September 2026
NorthstarMLS data via the Minneapolis Area REALTORS® Local Market Update, current as of October 7, 2026. Full Faribault market report
Living in
What's it like living in Faribault, MN?
The answer
Faribault is a city in southern Minnesota, and it's about 60 minutes from downtown Minneapolis and 61 minutes from downtown Saint Paul in light traffic. 68.7% of its homes are single-family houses, the typical home was built around 1974, and 66.1% of households own their home.
Demographics · Faribault, MN
Who lives in Faribault?
According to the Census Bureau, Faribault's median household income is $61,449, 26% lower than the Rice County median (Rice County: $83,181). The median age is 38.7, 66.1% of households own their home and 17.6% of adults hold a bachelor's degree or higher.
US Census Bureau, American Community Survey 2020–2024 5-year estimates; population from 2024 estimates. Home values are owner estimates; values shown with “+” are the Census reporting cap.
Population trend
How fast is Faribault growing?
Faribault's population grew 2.1% between 2020 and 2024, from 24,463 to 24,983 residents, according to Census Bureau estimates.
US Census Bureau Vintage 2024 population estimates.
Show as a table
| Year | Residents |
|---|---|
| 2020 | 24,454 |
| 2021 | 24,454 |
| 2022 | 24,463 |
| 2023 | 24,808 |
| 2024 | 24,983 |
School planning
Which schools serve a Faribault address?
- Faribault Public School Districtabout 100% of the city
Ask the district for the school assignment of the exact address for the year you'll enroll, since boundaries can change. Being near a school doesn't guarantee a spot, and charter and private schools set their own rules.
Minnesota Report Card (Department of Education)
District coverage: US Census Bureau 2024 school district boundaries.
Crime data
How can you check reported crime near a home?
Ask the police department that serves the address for its current reports, and compare places only across the same time period and offense definitions. Missing data doesn't mean zero crime, and a citywide number doesn't describe a particular street.
By ZIP code
What does Faribault look like by ZIP code?
ZIP 55021 covers most of Faribault.
| ZIP | Share of city | Median home value | Median household income | Homeowners | Listings |
|---|---|---|---|---|---|
| 55021 | 100% | $280,200 | $68,820 | 71.8% | Homes for sale |
ZIP code areas (ZCTAs) covering at least 5% of the city; values for the whole ZIP area, Census ACS 2020–2024.
Outdoor living
What lakes and water are in Faribault?
Faribault has little open water inside city limits, but lakes and regional parks are a short drive away. 3 lakes of 10 acres or more touch Faribault; each has its own page with the lakefront homes for sale on it.
- Wells Lake677 acres
- Faribault Lake45 acres
- Twin Lakes16 acres
Commute & transportation
How easy is getting around Faribault?
Faribault residents' average one-way commute is 19 minutes (Census ACS). 71.1% drive alone, 0.1% take public transit and 5.9% work from home.
Drive times from Faribault
- 60 minDowntown Minneapolis
- 61 minDowntown Saint Paul
- 56 minMSP Airport
- 51 minMall of America
- 63 minUniversity of Minnesota
Drive times: OSRM routing on OpenStreetMap data from the city's Census center point, light traffic. Rush hour takes longer.
Economy & jobs
Where do Faribault residents work?
The largest share of employed Faribault residents work in manufacturing (23.4%), followed by education, health care and social assistance (22.3%). The unemployment rate averaged 5.4% over 2020–2024 (Minnesota: 4.1%).
Census ACS 2020–2024, industry of employed residents 16 and older (C24050) and employment status (B23025).
- Manufacturing23.4%
- Education, health care and social assistance22.3%
- Retail trade10.7%
- Arts, entertainment, recreation, lodging and food8.5%
- Transportation, warehousing and utilities7.5%
- Professional, scientific and management services6.3%
City comparison
How does Faribault compare to Dundas, Northfield and Owatonna?
The three communities with the shortest drive from Faribault, side by side.
| Metric | Faribault | Dundas | Northfield | Owatonna |
|---|---|---|---|---|
| Population (2024) | 24,983 | 1,806 | 21,316 | 26,626 |
| Change since 2020 | +2.1% | +5.6% | +2.4% | +0.8% |
| Median home value | $242K | $326K | $329K | $245K |
| Median household income | $61K | $116K | $85K | $81K |
| Median gross rent | $1,074 | $1,875 | $1,103 | $1,067 |
| Homeowners | 66.1% | 97% | 69.3% | 75.6% |
| Median age | 38.7 | 36.3 | 28.2 | 40.4 |
| Average commute | 19 min | 24 min | 17.7 min | 17.7 min |
| Drive to downtown Minneapolis | 60 min | 56 min | 54 min | 76 min |
Census 2024 estimates and ACS 2020–2024; drive times from OpenStreetMap routing.
Cost of ownership
What will a Faribault home cost you each month?
Enter the numbers for a specific home. The price starts at Faribault's Census median home value; the interest rate, property tax and insurance are yours to fill in from a lender quote, the county's tax statement and an insurance quote. This is an illustration, not a loan estimate.
Selling in Faribault
What's required to sell a home in Faribault?
We haven't confirmed a city pre-sale inspection for Faribault; check with the city before you list. Every Minnesota sale still includes the state disclosures: property condition, wells, septic systems, radon, lead paint for older homes and more.
Selling in Minnesota: every city's rules and the state disclosures · Estimate your net proceeds
Is Faribault right for you?
Who should buy a home in Faribault?
- Compare homes, not averages. Choose the space, layout and condition you need, and confirm it with an inspection.
- Try the drive. Test your commute at the times you'd actually travel.
- Check the schools for the address. Faribault Public School District covers most of the city, but not all of it.
- Budget the whole payment. Include taxes, insurance, association dues and upkeep.
Planning a move
What should I verify before moving to Faribault?
- The property's current tax statement and homestead status from Rice County.
- Lender, insurance and utility quotes for the exact address, plus any association documents and special assessments.
- The seller's disclosures, including Minnesota's required radon and well disclosures.
- Whether the city requires a point-of-sale inspection or certificate (Minneapolis and Saint Paul, for example, require Truth-in-Sale-of-Housing reports).
- The school assignment for your enrollment year, confirmed with the district.
This weekend's open houses
Can you tour Faribault homes this weekend?
Found a Faribault home you like? We'll set up a private showing, usually within a day or two, or tell you when it has an open house.
Faribault FAQ
What do Faribault buyers most often ask?
What is the median home value in Faribault?
The Census Bureau's 2020–2024 American Community Survey puts the median value of owner-occupied homes in Faribault at $241,500, 25% lower than the Rice County median (Rice County: $320,200). These are owner estimates; for current asking prices, see the Faribault homes for sale in our home search.
How many people live in Faribault, MN?
About 24,983 people, according to the Census Bureau's 2024 estimate. The city grew by 2.1% between 2020 and 2024.
Which school district serves Faribault?
Faribault Public School District (about 100% of the city). School assignment depends on the exact address, so confirm it with the district before you buy.
How far is Faribault from downtown Minneapolis?
About 60 minutes by car in light traffic, and about 61 minutes to downtown Saint Paul. Residents' average one-way commute is 19 minutes (Census ACS).
Is Faribault a good place to live?
It depends on what you need. Faribault has a median household income of $61,449, 66.1% homeownership and a 19-minute average commute. Visit at the times you'd normally drive, check the school assignment for the address, and compare total ownership costs before you decide.
What does it cost to rent in Faribault?
The median gross rent (rent plus utilities) is $1,074 a month, compared with $1,083 in Rice County (Census ACS 2020–2024).
What ZIP codes are in Faribault?
55021 covers most of the city. ZIP code areas and city limits don't match exactly, so check the city on the property record.
What lakes are in Faribault?
The largest named lakes inside the city are Cannon Riv (about 90 acres) and Twin Lakes (about 11 acres), based on Census water maps.
How long does it take to close on a home in Faribault?
Most financed purchases close about 30 to 45 days after an accepted offer, and cash purchases can close sooner. Your lender, the appraisal and the title company set the actual timeline.
Does Faribault require an inspection to sell a home?
We haven't confirmed a city inspection requirement for Faribault. Every Minnesota seller still owes the state disclosures (property condition, wells, septic, radon and more), and some counties require a septic inspection. Check with the city before you list.
Why Huerkamp Home Group
Why work with Huerkamp Home Group?
Ready to make a move?
Want to talk to a Faribault real estate expert?
Tell us your area, budget, timing and must-haves. We'll share current listings and recent sales, and explain how we'd represent you before you decide anything.
Explore nearby communities
Which communities are close to Faribault?
Drive times from Faribault in light traffic, with each community's Census median home value.