Faribault housing market
Typical home value
$351K
▲ 2.2% 1 yr
Typical rent
$1,579/mo
▲ 4.7% 1 yr
12-month forecast
+3.7%
#73 of 546 metros
Gross rent yield
5.4%
#355 of 546 · U.S. 6.3%
Days to pending
47 days
▲ +2 days 1 yr
Listings with a price cut
27%
▼ −2.2 pts 1 yr
Key takeaways
- 1The typical home is worth $350,912, up 2.2% in a year and up 20% over five years.
- 2Zillow forecasts home values rising 3.7% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,579/mo (+4.7% YoY), a 5.4% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,928/mo in principal and interest, $349 more than renting.
- 5Homes go under contract in 47 days (+2 days vs last year); 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 38/100, #325 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Faribault compares
| Measure | Faribault | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.2% | +1.2% | #278 |
| Home value, 5-yr change | +20.4% | +19.7% | |
| 12-month forecast | +3.7% | +1.1% | #73 |
| Rent, 1-yr change | +4.7% | +2.7% | #132 |
| Gross rent yield | 5.4% | 6.3% | #355 |
| Price-to-rent ratio | 18.5 | 15.8 | |
| Mortgage P&I on typical home | $1,928 | $2,012 | |
| Days to pending | 47 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Faribault rental ($351K, $1,579/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Faribault home.
Rent vs buy
Is it cheaper to rent or buy in Faribault?
Other Minnesota metros
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$388K home$1,736 rent5.4% yield
▲ 1.7% 1 yr
Duluth, MN
$264K home$1,329 rent6.0% yield
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Rochester, MN
$338K home$1,590 rent5.6% yield
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St. Cloud, MN
$311K home$1,224 rent4.7% yield
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Grand Forks, ND
$283K home$1,132 rent4.8% yield
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Mankato, MN
$306K home$1,236 rent4.9% yield
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Winona, MN
$283K home$1,093 rent4.6% yield
▲ 3.9% 1 yr
Austin, MN
$202K home$1,161 rent6.9% yield
▲ 3.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.