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2025 Compare Cities Housing:
Hermantown, MN vs Faribault, MN

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Highlights
- The median age of a home in Hermantown is 69.0% younger than the median age of a home in Faribault.
 Hermantown, MNFaribault, MNUnited States
 Median Home Age29  Unlock42
 Median Home Cost  Unlock$256,800$338,100
 Home Appr. Last 12 months14.7%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock47.9%57.0%
 Home Appr. Last 10 yrs.75.8%  Unlock101.1%
 Property Tax Rate  Unlock$11.4$11.0
 Homes Owned70.1%  Unlock57.4%
 Housing Vacant  Unlock5.0%11.2%
 Homes Rented25.3%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Hermantown, MNFaribault, MNUnited States
 Average Rent  Unlock$1,200$1,840
 Studio Apartment$950  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$670$1,180
 2 Bedroom Home or Apartment$1,330  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,220$1,860
 4 Bedroom Home or Apartment$2,180  Unlock$2,160
 space1
 Vacant Housing
 Hermantown, MNFaribault, MNUnited States
 Vacant For Rent  Unlock0.6%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.0%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock0.6%3.6%
 Vacant Other3.6%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Hermantown, MNFaribault, MNUnited States
 Less Than $20,000  Unlock5.0%2.6%
 $20,000 to $39,9991.2%  Unlock2.4%
 $40,000 to $59,999  Unlock0.7%2.8%
 $60,000 to $79,9990.5%  Unlock3.9%
 $80,000 to $99,999  Unlock4.5%4.5%
 $100,000 to $149,9996.5%  Unlock11.3%
 $150,000 to $199,999  Unlock23.1%13.0%
 $200,000 to $299,99924.5%  Unlock20.1%
 $300,000 to $399,999  Unlock9.5%13.6%
 $400,000 to $499,99918.0%  Unlock8.3%
 $500,000 to $749,999  Unlock0.3%9.7%
 $750,000 to $999,9990.0%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock1.1%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.2%1.1%
 space3
 Housing Units By Year Built
 Hermantown, MNFaribault, MNUnited States
 2015 and Newer0.5%  Unlock0.2%
 2010 to 2014  Unlock14.4%13.6%
 2000 to 200923.6%  Unlock13.6%
 1990 to 1999  Unlock11.6%13.6%
 1980 to 198910.7%  Unlock13.2%
 1970 to 1979  Unlock14.2%14.8%
 1960 to 196922.5%  Unlock13.6%
 1950 to 1959  Unlock12.0%10.0%
 1940 to 19498.1%  Unlock4.7%
 1939 or Earlier  Unlock22.3%12.2%
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Learn More About Hermantown, Minnesota
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Learn More About Faribault, Minnesota
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