Faribault, MN housing market
The typical Faribault home is worth about $305,000, up 2.4% in a year, 13% below the Minnesota typical home. Homes typically sell in 46 days, close to asking.
Home values, sales, trends and how Faribault compares with the towns next door — updated as new data is published.
Faribault at a glance
A seller's market
Supply is tight — about 2.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Faribault | Minnesota |
|---|---|---|
| 2017 | $172,000 | $217,000 |
| 2018 | $189,000 | $232,000 |
| 2019 | $199,000 | $246,000 |
| 2020 | $210,000 | $259,000 |
| 2021 | $229,000 | $282,000 |
| 2022 | $257,000 | $313,000 |
| 2023 | $270,000 | $325,000 |
| 2024 | $279,000 | $331,000 |
| 2025 | $292,000 | $341,000 |
| 2026 | $304,000 | $349,000 |
| August 2026 | $305,000 | $351,000 |
Faribault and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Faribault | $305K | +2.4% | 46 | $61,449 |
| Warsaw | $266K | +3.8% | — | $91,111 |
5 years of income
The typical Faribault home costs about 5 years of the town's median household income, more than across Minnesota (3.9 years).
How Faribault ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.