The housing market in Faribault, MN County is currently showing great stability. The median house value in the county is $133,300, which is significantly lower than the US median of $338,100. Despite this difference, Faribault has seen a steady appreciation rate of 6.78% over the last year, which is almost on par with the national average of 8.27%. This indicates that Faribault's housing market remains a strong option for potential buyers and investors alike.
The median home cost in Faribault County is $133,300. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Faribault County is up 11.6%.
Average Age of Homes
- The median age of Faribault County real estate is 66 years old
The Rental Market in Faribault County
- Renters make up 20.4% of the Faribault County population
- 0.3% of houses and apartments in Faribault County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.