Section Image

Faribault

Faribault

Located in Rice County

$303,798 Average Value
$165 Average Price per Sq Ft
106 Homes For Sale

A longtime industrial hub in southern Minnesota

Faribault, Minnesota is located at the confluence of two rivers 50 miles south of Minneapolis and 54 miles south of St. Paul. The meeting of the Cannon River and the Straight River, historically, made Faribault an ideal place for trade and shipping – something reflected by its namesake, fur trader Alexander Faribault. This industrial spirit is still alive in Faribault today, with multiple manufacturing plants providing employment opportunities for locals. A city of fewer than 24,000 people, Faribault has a lively downtown, with access to many recreational areas and relatively affordable housing.

Faribault has a vibrant downtown area.
Faribault has a vibrant downtown area.
A water tower welcomes people along Interstate 35 to Faribault.
A water tower welcomes people along Interstate 35 to Faribault.
1/2

An active market of modest, affordable homes

Faribault has an active market of modest homes in various designs, including Colonial Revival, Craftsman and ranch-styles. There are some larger homes with stone facades in the Legacy Golf Village neighborhood, but they’re an outlier in the city overall. The median home price is $322,000, which is lower than the national median. “We haven’t had enough inventory in Faribault,” says Daryl Bauer, a lifelong resident and Realtor with Re/Max Advantage Plus. “The houses that come on the market have gone very quickly.” Bauer adds that the taxes in Faribault are much lower than other nearby areas, making it an attractive city for homebuyers. “People can literally buy more house for the money,” he says.

Newly constructed craftsman style homes can be found in Faribault.
Newly constructed craftsman style homes can be found in Faribault.
Faribault has home styles from many different generations.
Faribault has home styles from many different generations.
1/2

Faribault features state’s largest prison, country’s largest canned bean producer

Faribault is home to the largest employer in the county – the Minnesota Correctional Facility. It’s the biggest prison in Minnesota and employs more than 600 people. “They are the number one employer in town,” Bauer says. “There are always lots of correctional officer positions available.” In addition to the prison, other large employers include Daikin Applied, an HVAC manufacturer, SageGlass, a glass manufacturer and Faribault Foods. “Faribault Foods is the largest canned bean producer in North America,” Bauer says. “Any type of refried beans, black beans or anything like that is made by Faribault Foods.”

The Minnesota Correctional Facility is the largest employer in the city.
The Minnesota Correctional Facility is the largest employer in the city.
Faribault Foods is a producer of shelf-stable foods and beverages distributed nationwide
Faribault Foods is a producer of shelf-stable foods and beverages distributed nationwide
1/2

Shattuck-St. Mary’s trains hockey’s best in Faribault

Faribault’s co-ed private boarding school, Shattuck-St. Mary’s, is another major draw for the area. The school features an internationally renowned ice hockey program and in “Any given year they have a number of players who will play in the National Hockey League,” Bauer says. He notes that the girls’ program is also exceptional. Standout alums of the hockey program include Sidney Crosby, Nathan MacKinnon and Amanda Kessel. The school has also worked hard in recent years to elevate its soccer program, and Bauer says Faribault locals can watch hockey and soccer games for free, knowing that they’re likely watching future professional athletes and Olympians. “Shattuck is kind of in their own little world, but people in the know definitely go to the games,” he says. Called a “hockey center of excellence,” the exclusive school has about 400 students in grades 6-12.

Shattuck-St. Mary is a premier college prep academy.
Shattuck-St. Mary is a premier college prep academy.
Shattuck-St. Mary has a famous Hockey program with a legacy of state championships.
Shattuck-St. Mary has a famous Hockey program with a legacy of state championships.
1/2

River Bend Nature Center provides year-round outdoor recreation

Faribault is a part of the southern Minnesota lakes region, which gives residents access to a number of water-oriented activities. “Within 10 miles there are probably 35 lakes,” Bauer says. There are also 39 parks and five greenways in Faribault, but the River Bend Nature Center is what Bauer calls the “crown jewel.” It’s 743 acres of natural habitat, including places like Turtle Lake and Fossil Beach, whose names speak for themselves. There are also bridges, river views, and a waterfall to explore. Bauer says there are also year-round recreation programs at the Nature Center, including cross-country skiing, hiking and biking.

River Bend Nature Center is a big draw for environmentalists and nature lovers.
River Bend Nature Center is a big draw for environmentalists and nature lovers.
Wildlife can be spotted in River Bend Nature Center.
Wildlife can be spotted in River Bend Nature Center.
1/2

Bustling downtown district has noteworthy restaurants

Downtown Faribault has a vibrant, active shopping and dining scene. Central Avenue and Lyndale Avenue are the busiest streets, with local shops in brick buildings that line either side of the road. Depot Bar and Grill is a local favorite, with Bauer adding that it’s a destination even people from outside of Faribault drive to. Housed in a former train station, the Depot serves American fare for lunch and dinner. A couple of World War II veterans made their way back to Faribault and opened Basilleo’s Pizza, another local go-to, named for founders and brothers Basil and Leo.

Basilleo's is a popular pizza restaurant in Faribault.
Basilleo's is a popular pizza restaurant in Faribault.
The Depot Bar and Grill is located next to an active train line.
The Depot Bar and Grill is located next to an active train line.
1/2

Fairbault boasts diverse schools, state schools for the deaf and blind

Faribault is part of Faribault Public School District, which earns a C-plus rating on Niche, though has an A in diversity and is the 14th most diverse district in the state. There is one prekindergarten school, three elementaries, one middle school, one high school and one alternative high school. Additionally, Faribault is home to Minnesota’s State Academies for the Deaf and Blind, and Shattuck-St. Mary’s earns an A-plus.

Faribault Senior High School ranks 253rd in Minnesota, offering AP opportunities for students.
Faribault Senior High School ranks 253rd in Minnesota, offering AP opportunities for students.
The Minnesota Academy for the Deaf and Blind is located in Faribault.
The Minnesota Academy for the Deaf and Blind is located in Faribault.
1/2

Hiawathaland Transit buses residents, I-35 connects them to Minneapolis

Hiawathaland Transit provides mass transit services for Faribault and nearby communities. There are a number of bus stops throughout the city to provide rides to residents. However, the area is still car-dependent. The city is also right near Interstate 35, which is a major artery in the state and leads directly to Minneapolis. The nearest international airport is Minneapolis-St. Paul International Airport, which is 46 miles north of Faribault. Due to its proximity to the rivers, some areas may be more prone to flooding. The city has a CAP Index crime score rating of 4, which is on par with the national average. The crime rates have remained mostly steady in recent years, neither climbing nor falling by any significant number.

Written By
Tanner Harding
Charlie Lingner
Video By
Charlie Lingner

Interested in learning more about homes in this area? Reach out to Bryce Schuenke, an experienced agent in this area.

Agents Specializing in this Area

See All Agents

Parks in this Area

Faribault Housing Trends

Housing Trends

Median List Price
$297,000
Median Sale Price
$289,950
Median Single Family Sale Price
$300,000
Median Townhouse Sale Price
$302,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
230
Median Home Sale Price YoY Change
9%
Average Price Per Sq Ft
$165

Area Facts

Number of Homes
5,959
Number of Homes for Sale
106
Median Year Built
1963
Months of Supply
5.50
Average Single Family Home Size Sq Ft
1,558
Below the national average
1,929
Average Townhouse Size Sq Ft
1,650
Average 2 Bedroom Size Sq Ft
1,238
Average 1 Bedroom Size Sq Ft
910
Median Lot Size Sq Ft
10,890

Open Houses

  • Saturday, Nov 1
    Open Sat 1PM - 2:30PM

    218 10th St NW, Faribault, MN 55021

    $205,000

    • 2 Beds
    • 1 Bath
    • 1,056 Sq Ft
    • 218 10th St NW
    • New 4 days ago

    Don’t miss your chance to own this charming and affordable home in the heart of Faribault! Step inside to discover hardwood floors on the main level and a bright, open living and dining space with stylish vinyl plank flooring—perfect for relaxing or entertaining guests. Upstairs, you’ll find two spacious bedrooms designed for comfort. The kitchen offers a generous open space, making meal prep a

    Agent Photo
    Evan Knutson
    Weichert, REALTORS- Heartland
    (507) 486-4610
    Section Image
    Section Image
  • Saturday, Nov 1
    Open Sat 10:30AM - 12PM

    1465 S Trail Cir, Faribault, MN 55021

    $229,900

    • 3 Beds
    • 2 Baths
    • 1,588 Sq Ft
    • 1465 S Trail Cir
    • New 25 days ago

    Discover your dream home in this beautifully maintained 3-bedroom, 2-bath townhome that offers exceptional value and comfort! Imagine unwinding in a spacious master bedroom with a walk-in closet, enjoying fresh paint and modern flooring, and cooking in a stylish, open-concept kitchen that flows seamlessly into the inviting living room. Cozy up by the fireplace, entertain on the deck, or take

    Agent Photo
    Evan Knutson
    Weichert, REALTORS- Heartland
    (507) 693-0278
    Section Image
    Section Image
  • Sunday, Nov 2
    Open Sun 12PM - 1:30PM

    626 4th Ave NW, Faribault, MN 55021

    $265,000

    • 6 Beds
    • 2 Baths
    • 1,900 Sq Ft
    • 626 4th Ave NW
    • New 4 days ago

    There's so much to love about this charming six-bedroom, two-bathroom home with a two-car garage, nestled on a spacious corner lot near downtown Faribault. You’ll feel welcome the moment you stroll up the new paved walkway to the cozy front porch—an ideal spot to start your day with coffee or enjoy relaxing afternoons. Inside, you’ll be drawn to the beautiful wood floors and generous, inviting

    Agent Photo
    Michelle Jasinski
    Weichert, REALTORS- Heartland
    (507) 620-6799
    Section Image
    Section Image

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Weather

Annual Precipitation
35''
Average Winter Low Temperature
5°F
Average Summer High Temperature
82°F
Annual Snowfall
25''

Area Factors

Somewhat Bikeable

Bike Score®®

44 / 100

Car-Dependent

Walk Score®®

45 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Faribault