Home prices
Faribault's median home cost is $153,500. In comparison to its nearby areas it is roughly $17,540 (10%) lower.In comparison to the US as a whole it is approximately $64,000 (29%) lower, and is approximately $98,100 (38%) lower compared to the city of Minneapolis.
Rents
In Faribault the median rent is $822 per month. It is approximately $28 (3%) lower in comparison to other places in this area.It is roughly $240 (22%) lower in comparison to the US as a whole, and compared to the city of Minneapolis it is about $205 (19%) lower.
Nearby places
Medford
Medford is about 8 miles south of Faribault. Housing prices there are a little more expensive. The value of the median home in Medford is $162,200, which works out to $8,700 (5%) higher than Faribault. Its rents are somewhat less expensive. The median monthly rent in Medford is $700, which is $122 (17%) lower than Faribault.
Morristown
Morristown is about 8 miles southwest of Faribault. Housing prices there are a little less expensive. The median home in Morristown costs $132,500, which comes out to $21,000 (15%) lower than Faribault. Rent there is a bit more expensive. The median monthly rent in Morristown is $975, which is $153 (15%) higher than Faribault.
Dundas
Dundas is roughly 8 miles north of Faribault. The housing prices there are a little more expensive. The value of the median home in Dundas is $209,500, which is $56,000 (26%) higher than Faribault. Its rents are a little more expensive. The median monthly rent in Dundas is $1,063, which comes out to $241 (22%) higher than Faribault.
Northfield
Northfield is roughly 10 miles northeast from Faribault. Its housing prices are significantly more expensive. The median home in Northfield is valued at $226,000, which comes out to $72,500 (32%) higher than Faribault. The rent there is similar. Northfield's median monthly rent is $825, which is very similar to Faribault.
Kenyon
Kenyon is roughly 12 miles east of Faribault. Its housing prices are a little less expensive. Kenyon's median home price is $125,000, which is $28,500 (22%) lower than Faribault. Rents there are a bit less expensive. The median rent in Kenyon is $689 a month, which comes out to $133 (19%) lower than Faribault.
