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Faribault County

Learn about the people, housing, costs and businesses in Faribault County County

Median Home$136,815
Median Rent$851/month
Population13,914
Leading IndustriesProfessional Services · Construction · Agriculture & Mining3% professional services
Home Value Growth+10.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners79% of occupied units
Faribault County
MN

Frequently Asked Questions

What are today's mortgage rates in Faribault County?

As of today, the 30-year fixed mortgage rate for Faribault County is approximately 7.300% (7.337% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Faribault County?

The median home value in Faribault County is $137k. The median monthly rent is $851. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Faribault County?

Home values in Faribault County have increased 10.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Faribault County?

Based on a typical all-in ownership cost of $823/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Faribault County is $67k/year.

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What industries drive the economy in Faribault County?

The largest employment sectors in Faribault County are public administration (23%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas