Explore Similar Condos Within 25 Miles of Faribault, MN

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Why Live in Faribault

Faribault, located in southern Minnesota, is an industrial hub with a rich history tied to the Cannon and Straight Rivers. The neighborhood offers a variety of modest, affordable homes, including Colonial Revival, Craftsman, and ranch styles, with some larger stone facade homes in the Legacy Golf Village area. The housing market is active, with homes selling quickly due to lower taxes compared to nearby areas. Faribault is home to the state's largest prison, the Minnesota Correctional Facility, and major employers like Daikin Applied, SageGlass, and Faribault Foods, the largest canned bean producer in North America. Shattuck-St. Mary’s, a co-ed private boarding school, is renowned for its ice hockey program, producing future NHL players and Olympians. The River Bend Nature Center offers year-round outdoor recreation across its 743 acres, featuring Turtle Lake, Fossil Beach, and various trails for hiking, biking, and cross-country skiing. Downtown Faribault boasts a lively dining scene with popular spots like Depot Bar and Grill and Basilleo’s Pizza. The neighborhood is served by Hiawathaland Transit and is near Interstate 35, providing connectivity to Minneapolis, 50 miles away. The crime rate in Faribault is on par with the national average, and while some areas may be prone to flooding due to river proximity, the overall safety is comparable to the national standard.

Home Trends in Faribault, MN

Housing Trends

Median Sale Price
$320,000
Median Single Family Sale Price
$335,000
Median Townhouse Sale Price
$299,900
Average Price Per Sq Ft
$186
Number of Homes for Sale
79
Last 12 months Home Sales
283
Months of Supply
3.30
Median List Price
$326,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
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