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RentData.org Logo Faribault County Fair Market Rent FY 2024 Faribault County, MN Rental Data

Fair Market Rent Prices in Faribault County, MN :
$613 $726 $905 $1,256 $1,260
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Faribault County are low compared to the national average. This FMR area is less expensive than 65% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Faribault County is $905 per month.

The previous year, rent for a two-bedroom home was $826 per month. This is a 9.56% increase year-over-year.

This FMR rate applies to Frost, MN, Huntley, MN, Delavan, MN, Easton, MN, Kiester, MN, Bricelyn, MN, Elmore, MN, Granada, MN, Alden, MN, Winnebago, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27043N27043.

Additionally, This Fair Market Rent (FMR) area Faribault County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Faribault County, MN FMR area is 13,727 people based on latest Census data.

Compared to the rest of Minnesota, the Faribault County FMR area is less expensive than 85% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Faribault County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Faribault County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 613
1-BR 1-Bedroom $ 726
2-BR 2-Bedroom $ 905
3-BR 3-Bedroom $ 1256
4-BR 4-Bedroom $ 1260
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Faribault County, MN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers three metro areas: Rochestr - Mason City - Austin, Minneapolis - St. Paul and Mankato.

County / Region Est. Population
Faribault County, MN 13,727
Zip Codes in Faribault County, MN

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

56009, 56013, 56014, 56023, 56025, 56027, 56033, 56039, 56047, 56051, 56097 and 56098

Lookup Fair Market Rent by Zip Code

What's Next?

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