Faribault Minnesota Real Estate
Faribault, Minnesota, is located in Rice County, 31 miles S of Burnsville, Minnesota and 279 miles W of Milwaukee, Wisconsin. Faribault has a population of 20,818.
Faribault Homes
Faribault properties pool is 7,472 residential properties including Faribault new homes. Median age of real estate in Faribault is 1963. Average Household size is 3.1 people. 5% are one bedroom homes, 22% are 2 bedroom homes, 50% are 3 bedroom homes, 19% are 4 bedroom homes, and 3% are 5+ bedroom homes.
Faribault Mortgage Statistics
Faribault mortgages vs. USA median statistics
| Homes |
Faribault |
USA |
| Homes With No Mortgage |
27% |
30% |
| Homes With Mortgage |
73% |
70% |
| First Mortgage Only |
55% |
54% |
| First & Second Mortgage or HELOC |
18% |
16% |
Faribault Area Real Estate Tax
Faribault Real estate Tax: Median Real Estate Taxes (2000) were $1,153 comparing to 1999 Median Family income $ 49,662. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Faribault School District: Children make up 26.2% of Faribault population. Faribault has 5,456 under 18 years old residents, or 0.57 kids per one worker, or 0.73 kids per one household.
Faribault Real Estate & Faribault Homeownership
There are 2166.88 or 29% one person households, 2391.04 or 32% two person households, and 1120.8 or 15% three person households in Faribault, Minnesota. Median residents age is 34.5, Senior citizens (65+) make up 2,814 or 13.5%% of Faribault population.
There are 9,584 workers (over 16 years of age) in Faribault. Of these, 92.01% drive to work. Approximately 1.12% of workers in Faribault take public transportation. An estimated 2.94% walk to work.
Median Faribault homeowner's housing expences are 18.8%
Crime in Faribault (2003), crimes per 10,000 residents per year
| Type of Crime |
Faribault |
USA, 2003 |
| Violent Crimes |
31.22 |
47.5 |
| Robberies |
1.92 |
14.2 |
| Aggravated Assaults |
20.17 |
29.5 |
| Property Crimes |
400.61 |
358.8 |
| Burglaries |
81.66 |
74.0 |
| Larceny-Thefts |
301.18 |
241.5 |
| Motor Vehicle Thefts |
17.77 |
43.3 |
Invest in Faribault Properties
When making a decision about buying real estate in Faribault Minnesota area, you should consider following statistical data:
| Category |
Faribault |
USA |
| Near Medium City |
Burnsville, Minnesota |
- |
| Near Large City |
Milwaukee, Wisconsin |
- |
| Faribault Zip Codes |
55021 |
- |
| Faribault Area Codes |
507 |
- |
| White population |
89.87% |
75.1% |
| African-American population |
2.69% |
12.3% |
| Asian |
1.83% |
3.6% |
| American Indian & Alaskan |
0.67% |
0.9% |
| Hispanic (of any race) |
8.9% |
12.5% |
| Median Family Income (1999) |
$ 49,662% |
$42,000 |
| Population Below Poverty Level |
8.35% |
12.4% |
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