Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$161,984+3.7% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$35,115About 0.5× the local median income ($65,607): affordable for a typical household
Days on market54 daysAbout the same pace as a year ago
The typical home in Faribault County, MN is worth $161,984, up 3.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $131,888, so the area is 22.8% overvalued. It is a balanced market: homes take about 54 days to sell, listings are up 36% from a year ago, 16% of listings have had a price cut. A household needs about $35,115 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,607. In the latest IRS figures, 28 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$161,984
Change in 1 year
+3.7%
Overvalued %
+22.8%
Show 6 more
Fair home value
$131,888
Change in 5 years
+37.8%
Home value to income
2.5×
Monthly mortgage payment (20% down)
$878
Income needed to afford it
$35,115
Property tax rate
0.99%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+36.1%
Days on market
54
Listings with a price cut
15.8%
Show 3 more
Homes for sale
49
Pending sales per 100 listings
49
Asking price per sq ft
$82
People and jobs
Median household income
$65,607
Population change (1 year)
−0.1%
Unemployment rate
3.4%
Show 4 more
Population
13,888
Income adjusted for cost of living
$76,376
Net moves in (IRS)
+28
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
45.5
Flood risk score
49.0
Show 3 more
Wildfire risk score
9.6
Walkability (1 to 20)
6.4
Road, rail and air noise
53 dB
Questions people ask
Is Faribault County, MN overvalued?
Home prices in Faribault County, MN are well above what local incomes have historically supported: fair value is about $131,888, so the area is 22.8% overvalued.
Is Faribault County, MN a buyer's or seller's market?
Faribault County, MN is a balanced market: homes take about 54 days to sell, listings are up 36% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Faribault County, MN?
Home values in Faribault County, MN are up 3.7% over the last year.
How much do you need to earn to buy a home in Faribault County, MN?
A household needs about $35,115 a year to afford the typical home in Faribault County, MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $65,607.