Faribault, MN Homes for Sale (97 Real Estate Listings)
Faribault, MN Real Estate Statistics
| Average Price | $449K |
|---|---|
| Lowest Price | $4 |
| Highest Price | $2.5M |
| Total Listings | 155 |
| Avg. Price/SQFT | $176 |
Property Types (active listings)
As of June 19, 2025 there are 97 active Faribault, MN real estate listings for sale with an average listing price of $428,239. The highest-priced property listing is $1,375,000, while the lowest priced property can be purchased for $80,000. Faribault, MN homes for sale have an average price of $174 per square foot, based on listings with an average of 3.4 bedrooms, 2.4 bathrooms, and 2,537 square feet of living space.
Contact Us
Faribault, MN Real Estate & Homes For Sale
There are many reasons Faribault, Minnesota, is the best place to live. The small-town charm combined with the proximity to larger cities makes it the perfect place for anyone looking for a sense of community without feeling isolated. The residents are friendly and welcoming, and there is always something to do, whether you're looking for a night out or a quiet day at home. The schools are excellent, the crime rate is low, and the community has a strong sense of pride. If you're looking for a place to call home, Faribault is a perfect choice.
History of Faribault, Minnesota
Faribault, Minnesota, is located in the southern part of the state. The city was founded in 1856 by Alexander Faribault, a French Canadian fur trader. Faribault originally named the city "Centralia," but the name was changed to "Faribault" in 1857. The city was incorporated in 1858. Faribault quickly became an important trading center for the surrounding area. In 1861, the first railroad line reached the town, and Faribault became an essential stop on the route between Saint Paul and Chicago. The city's population grew rapidly in the late 19th century, reaching nearly 4,000 by 1900. Today, Faribault is home to several historical landmarks, including the Alexander Faribault House and the Shattuck-St. Mary's School. Faribault is also home to several manufacturing businesses, including Cargill and Interstate Power and Light Company.
Demographics of Faribault, Minnesota
Faribault is a city in Minnesota with a population of approximately 23,000. The city's racial makeup is 84.7% White, 5.8% African American, 3.4% Asian, and 3.1% Hispanic or Latino (of any race). The median income for a household in Faribault is $52,752, and the median income for a family is $64,541. The per capita income for the city is $24,174. The poverty rate in Faribault is 10.2%, and the unemployment rate is 3.9%.
As of the 2010 census, there were 10,199 housing units in Faribault, with an occupancy rate of 90.4%. The median value was $155,900. The homeownership rate was 69.3%. Renters occupied 31.9% of housing units, and the vacancy rate was 7.1%.
The Economy of Faribault, Minnesota
The economy of Faribault is driven by manufacturing, education, healthcare, and retail. The city is home to multiple manufacturing companies, such as Vantage Apparel and Faribo Manufacturing Company. Retail companies in Faribault include Walmart, Target, Best Buy, Kohl's, and Kohls.
There are several major employers in Faribault, including Vantage Apparel (1,500 employees) and Shattuck-St. Mary's School (800 employees), Northfield Hospital & Clinics (700 employees), and Faribo Manufacturing Company (600 employees). The largest employers in Faribault are in the education, healthcare, and manufacturing industries.
Housing Market in Faribault, Minnesota
The city of Faribault has a seat in Rice County. The housing market in Faribault is strong, with median home prices rising steadily over the past decade. New construction homes have also increased dramatically, giving buyers plenty of options. Whether you're looking for a starter home or a luxurious estate, you can find it in Faribault.
Things to do in Faribault, Minnesota
There are many things to do in Faribault, Minnesota. There are multiple parks and trails for hiking, biking, and walking. There is also an indoor swimming pool, an ice arena, a golf course, and a disc golf course. The Rice County Fairgrounds host various events throughout the year, including the Rice County Fair and the Northfield Rodeo. There are also several museums in Faribault, including the Faribault Woolen Mill State Historic Site and the Alexander Faribault House.
Faribault is a city with something for everyone. Whether you're looking for a quiet day at home or an exciting night out, you can find it in Faribault.
Events in Faribault, Minnesota
Faribault, Minnesota, is a small town with a big heart. Faribault is situated along the scenic Cannon River and is home to a vibrant community of artists, musicians, and entrepreneurs. The town also has a rich history, dating back to the days of the early settlers. Faribault celebrates its heritage with several events, including the Heritage Days Festival and the Heritage Day Parade. Faribault is the perfect place to enjoy a weekend getaway with so much to see and do.
Parks and Lakes in Faribault, Minnesota
Faribault, Minnesota, is home to many beautiful parks and lakes. Rice Lake, for example, is a popular spot for fishing, swimming, and picnicking. The lake is also home to various wildlife, including ducks, geese, and blue herons. In the winter, the lake is famous for ice skating and sledding. Nearby Central Park is the perfect place to take a stroll or have a picnic lunch. The park also has a playground and a bandstand where concerts are held in the summer. For those who enjoy nature, walks along the Cannon River or visits to Straight River State Forest are highly recommended. Faribault's parks and lakes offer something for everyone and provide a welcome respite from the hustle and bustle of daily life.
Schools in Faribault, Minnesota
Faribault is home to many schools, including Faribault Senior High School, Faribault Middle School, and Faribault Elementary School. Faribault Senior High School offers a comprehensive education for grades 9-12. The school has a solid academic program, and students can participate in various extracurricular activities, including sports, music, and drama. Faribault Middle School serves students in grades 6-8, and Faribault Elementary School provides education for kindergarten through 5th-grade students. All the Faribault schools are committed to providing a high-quality education for all students.
Why Faribault, Minnesota?
There are many reasons why Faribault, Minnesota, is the best place to live. First, Faribault is a small town with a big heart. The city is home to a vibrant community of artists, musicians, and entrepreneurs. Second, Faribault has a rich history dating back to the days of the early settlers. The city celebrates its heritage with many events, including the Heritage Days Festival and the Heritage Day Parade. Third, Faribault is home to many beautiful parks and lakes. Rice Lake, for example, is a popular spot for fishing, swimming, and picnicking. Fourth, the city has excellent schools, making it the perfect place to get a quality education.