Most Affordable ZIP Codes in Faribault-Northfield, MN (2026)

The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.

# ZIP City Home value Rent Cap rate 5-yr growth
1 55087 Warsaw, MN $268,896 $1,089 3.16% 4.7%
2 55021 Faribault, MN $306,794 $1,449 3.68% 4.8%
3 55052 Morristown, MN $332,405 $1,089 2.56% 5.4%
4 55046 Lonsdale, MN $377,644 $1,404 2.90% 4.2%
5 55057 Northfield, MN $396,926 $1,745 3.43% 4.0%
6 55019 Dundas, MN $397,356 $1,413 2.77% 4.4%
7 56052 Kilkenny, MN $405,566 $1,494 2.87% 5.7%
8 55053 Nerstrand, MN $435,551 $1,440 2.58% 5.4%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →