Housing & Real Estate — Faribault, Minnesota
Overview
| Total Housing Units | 9,363 |
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| Occupied | 8,841 |
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| Vacant | 522 |
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| Owner-Occupied | 5,780 |
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| Renter-Occupied | 3,061 |
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| Median Home Value (Census) | $241,500 |
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| Estimated 2026 | ~$260,000 |
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| Median Rent | $1,041/mo |
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| Median Property Tax | $2,316/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | moderate |
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| Rent as % of Income | 20.3% |
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| Severely Rent-Burdened | 46.3% |
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Housing Age
| Built 2010 or later | 720 |
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| Built 2000-2009 | 1,361 |
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| Built 1990-1999 | 940 |
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| Built before 1960 | 3,312 |
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| Median Year Built | 1973 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
