Welcome to our 55021 real estate data hub, tailored for investors in Faribault, MN. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 55021 in Faribault, MN. Discover Section 8 housing opportunities and challenges to maximize your investment potential in RICE COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Faribault, MN real estate investing. Uncover the wealth of information available, and position yourself for success in the Faribault property market.
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Location Overview
- Zip Code: 55021
- City: Faribault
- State: MN
- Metro Area: Faribault-Northfield, MN
- County Name: RICE COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $272,807
- Average Home Price (Single Family Homes): $274,965
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: -1.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: Not Available
- Average 3 Bedroom Section 8 Rental Rates: Not Available
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: Not Available
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: Not Available
- Number of Units Offered in Section 8 in the County: 470
- Number of Occupied Units in Section 8 in the County: 436
- Percentage of Section 8 Units Occupied in the County: 92.80000305%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 225.46
- Total % Appreciation since 2000 (Government Data): 83.58
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.74%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.05%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 20.57%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 33.37%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 85.23%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 54.47%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 84.88%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%