55021, Faribault, MN Housing Market

ZIP code 55021's median home value is $304K, up 6.9% over the past year. Homes here sell in a median 26 days. Its PropertyIQ Score of 59 sits right around the state average of 50.

The 55021, Faribault, MN housing market operates at a level of granularity that broader geographic analyses miss entirely. PropertyIQ's ZIP-level scoring for 55021 captures neighborhood-specific demand patterns within MN, revealing micro-market trends that metro and county data average away. This hyperlocal intelligence is critical for making precise investment and homebuying decisions.

Midwestern ZIP codes frequently offer entry prices far below national medians, but performance varies dramatically even within the same city. PropertyIQ scores individual ZIP codes to identify which neighborhoods show the demand signals — fast sales, rising price momentum, few price cuts — that predict near-term appreciation. Within the Midwest, ZIP code 55021's PropertyIQ Score of 59 tracks near the Midwest norm.

For 55021, Faribault, MN, PropertyIQ updates a hyperlocal score each month from four signals: twelve-month and three-month Zillow home-value momentum, Realtor.com median days on market, and the Realtor.com share of price-reduced listings. The score is computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a value above 50 means this ZIP's demand dynamics read stronger than its state. ZIP-level analysis captures neighborhood variation that county and metro scores smooth over.

View 55021, Faribault, MN's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.