Affordable & Income-Based Housing in Faribault

Affordability in Faribault, MN

According to Census ACS 5-Year data (as of 2024), the median gross rent in Faribault is $1,074 per month, the median household income is $61,449 per year, and roughly 34% of residents rent their homes. Income-restricted housing in the city can offer meaningful savings for households who qualify.

Safety

According to the Faribault Police Department's data reported to the FBI Crime Data Explorer, Faribault had a violent crime rate of 308 per 100,000 residents in 2024. Crime rates vary based on local reporting practices and population size, so comparisons across cities are not meaningful.

Getting Around Faribault

According to Walk Score, the area around assisted properties in Faribault scores a 33 out of 100 (Car-Dependent), meaning most errands require a car. A Bike Score of 46 suggests some biking infrastructure is present. No Transit Score was available. Households without a vehicle may want to confirm access to local transit options before applying.

Schools

According to NCES Common Core of Data, 23 schools across 7 districts serve Faribault, including 7 elementary, 3 middle, and 13 high schools. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Living in Faribault

The median household income in Faribault is $61,449 per year, according to Census ACS 5-Year estimates. The median gross rent in the city is $1,074 per month, also per Census ACS 5-Year data, which gives helpful context for how assisted housing in the area compares to market-rate options.

Faribault has 5 income-based rental properties with a combined 286 units, offering renters alternatives to market-rate housing at costs tied to income limits rather than prevailing rents.

Environment & Flood Risk

All 5 affordable housing properties in Faribault have been mapped for flood exposure. None of them fall within a high-risk flood zone, which is a reassuring finding for renters concerned about flood-related disruptions or insurance requirements.