Why Live in Faribault
Faribault, Minnesota, situated at the confluence of the Cannon and Straight Rivers, is 50 miles south of Minneapolis and 54 miles south of St. Paul. Historically an industrial hub, Faribault continues to thrive with multiple manufacturing plants and the Minnesota Correctional Facility, the state's largest prison, as major employers. The city, with fewer than 24,000 residents, offers modest, affordable homes in various styles such as Colonial Revival, Craftsman, and ranch-style, with larger stone facade homes found in the Legacy Golf Village neighborhood. Shattuck-St. Mary’s, a renowned private boarding school, is notable for its exceptional ice hockey program, producing numerous NHL players, and its growing soccer program. Faribault's vibrant downtown features popular dining spots like Depot Bar and Grill and Basilleo’s Pizza, alongside local shops on Central and Lyndale Avenues. Outdoor enthusiasts can enjoy the River Bend Nature Center's 743 acres of natural habitat, including Turtle Lake and Fossil Beach, with year-round activities like cross-country skiing, hiking, and biking. The city is part of the Faribault Public School District, known for its diversity, and houses Minnesota’s State Academies for the Deaf and Blind. Hiawathaland Transit services the area, though it remains car-dependent, with Interstate 35 providing direct access to Minneapolis. The crime rate in Faribault is on par with the national average, and some areas may be prone to flooding due to the proximity to rivers.
Home Trends in Faribault, MN
On average, homes in Faribault, MN sell after 70 days on the market compared to the national average of 70 days. The median sale price for homes in Faribault, MN over the last 12 months is $400,000, down 10% from the median home sale price over the previous 12 months.
Median Sale Price
$400,000
Median Single Family Sale Price
$400,000
Average Price Per Sq Ft
$219
Number of Homes for Sale
4
Last 12 months Home Sales
37
Median List Price
$400,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-10%