Faribault, MN Housing Market

Faribault, MN's median home value is $352K, up 6.4% over the past year. Homes here sell in a median 39 days. Its PropertyIQ Score of 70 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Faribault, MN area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across MN and every other US state.

Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Faribault, MN's PropertyIQ Score of 70 ranks among the Midwest's stronger demand signals.

Each month, PropertyIQ updates its score for Faribault, MN using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state.

View Faribault, MN's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.