Real Estate Investing in Faribault, Minnesota (55021)
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Should you buy in 55021 (Faribault, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Faribault, MN (55021)?
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Market Analysis: 55021 Faribault
ZIP 55021 in Faribault, MN carries a impressive set of headwinds. Home values near $307K and rents of $1,449/mo sit inside a market where underwriting has to be tight.
The 55021 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 55021 among MN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 55021 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Faribault:
Property Strategy for 55021
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $311,677 | $920 | 2.1% | +6.1% | $311,677 |
| 2BR | $264,630 | $1,210 | 3.3% | +6.7% | $132,315 |
| 3BR | $291,488 | $1,560 | 3.9% | +6.7% | $97,163 |
| 4BR | $354,226 | $2,030 | 4.1% | +6.4% | $88,557 |
| 5BR | $415,303 | — | — | +6.5% | $83,061 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55021 Compare?
| Metric | 55021 | Faribault | Faribault-Northfield, MN | Minnesota |
|---|---|---|---|---|
| Home Value | $306,794 | $306,794 | N/A | $340,597 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 4.9% |
| Avg Rent | $1,449 | $1,449 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55021 (Faribault, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,794 |
| Monthly Rent | $1,449 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55021
Population: 30,860
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55021
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical renter like in Faribault, MN?
The renter base in Faribault, MN is reasonable for the $1,449/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
How strong is Faribault, MN for real estate investors?
Our data puts Faribault, MN at 3.0/5 for investability. Home prices of $307K and rents around $1,449/mo create a solid backdrop for investor activity.
How expensive is real estate in Faribault, MN?
In Faribault, MN the median home value sits at $307K. Against the broader MN market, that reads as reasonable for most investors.
How landlord-friendly is Faribault, MN?
MN law balanced for landlords, and Faribault inherits those rules. Investors should still review local ordinances for rental licensing.
How strong are rents in Faribault, MN?
Rent in Faribault, MN is around $1,449/mo. The resulting rent-to-value relationship with $307K pricing is reasonable for most investor models.
You know 55021 now. You don’t know where it ranks.
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How 55021 ranks in Faribault-Northfield, MN
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