Search Results in Faribault, MN

Current Market Conditions in Faribault, MN

The real estate market in Faribault is currently experiencing moderate growth, with an increase in home sales compared to last year. The demand for housing is driven by the city’s appealing lifestyle, affordability, and proximity to larger metropolitan areas. Buyers are particularly interested in family-friendly neighborhoods, leading to increased competition among prospective homeowners.

Rent Prices In Faribault, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Faribault, MN, is on a rollercoaster ride. The average rent price in Faribault, MN, is $1,520.00. Indeed, when looking to rent in Faribault, MN, you can expect to pay as little as $520.00 or as much as $3,240.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Faribault, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.