Faribault County, Minnesota: commercial real estate data.
Faribault County, Minnesota had an estimated 13,886 residents on July 1, 2024, down 0.2 percent since the 2020 census base of 13,917, across 712 square miles. County output reached $788.4 m in 2024, 379 establishments operate here, and the SBA record carries 11 7(a) approvals worth $4.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Faribault County
How many people live in Faribault County
- Population, American Community Survey 2020-202413,914
- Households6,079
- Average household size2.29
- Median household income$66,815
- Median age44.3
- Median gross rent$799 per month
- Median owner-occupied home value$135,300
- Home value to household income2.0 times
- Annual rent as a share of median income14.4 percent
- Adults 25 and over with a bachelor degree or higher21.8 percent
- Adults 25 and over with a graduate degree5.4 percent
- Adults 25 and over9,899
- Population under 183,075
- Share under 1822.1 percent
- Population 65 and over3,303
- Share 65 and over23.7 percent
- Working age population, 18 to 647,536
- Civilian labor force7,122
- Unemployment rate3.4 percent
- Labor force participation, adults 18 and over65.7 percent
- Rank by population among Minnesota counties59th of 87
- Rank by population among US county-equivalents, Puerto Rico included2231st of 3,222
Faribault County is the 59th largest of 87 Minnesota counties by population. A median home costs 2.0 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 23.7 percent against 22.1 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Faribault County
Is Faribault County's population growing?
- Population, July 1, 202413,886
- Census 2020 base population13,917
- Population change since the 2020 census base-0.22 percent
- Population change, 2023 to 2024-40
- Births, 2024130
- Deaths, 2024174
- Natural change, 2024-44
- Net domestic migration, 2024-7
- Net international migration, 202412
- Total net migration, 20245
- Cumulative net domestic migration, 2021 to 2024169
- Rank by growth among US county-equivalents1918th of 3,144
The county has lost 0.22 percent of its population since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Faribault County
Where are people moving to Faribault County from?
- Tax returns filed by households arriving337
- People arriving, from those returns595
- Tax returns filed by households leaving281
- Net household movement56
- Adjusted gross income arriving$15.4 m
- Net adjusted gross income movement$1.7 m
- Average income of an arriving household$45,677
- Average income of a leaving household$48,694
- Largest single originBlue Earth County (65 households)
- Largest single destinationBlue Earth County (51 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Blue Earth County | 65 | 113 | $2.5 m |
| Martin County | 37 | 65 | $1.7 m |
| Freeborn County | 34 | 62 | $1.8 m |
| Hennepin County | 21 | 30 | $1.1 m |
Households arriving report $3,017 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Blue Earth County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Faribault County
What is the Faribault County economy?
- County GDP, 2024$788.4 m
- County GDP, 2023$728.0 m
- GDP change, 2023 to 20248.3 percent
- GDP change over five years51.1 percent
- Rank by GDP among the Minnesota areas BEA publishes62nd of 87
- Rank by GDP among the US county areas BEA publishes2035th of 3,127
- GDP per resident$56,662
Output grew 8.3 percent in the latest year and 51.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Faribault County
Employment by industry in Faribault County
- Covered employment, annual average4,549
- Establishments reporting492
- Average annual pay$51,879
- Average weekly wage$998
- Manufacturing, employment1,012
- Manufacturing, average annual pay$65,808
- Retail trade, employment361
- Retail trade, average annual pay$28,413
- Other services, except public administration, employment229
- Other services, except public administration, average annual pay$37,809
- Construction, employment204
- Construction, average annual pay$56,586
- Finance and insurance, employment164
- Wholesale trade, employment149
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,012 | 28 | $65,808 |
| Retail trade | 361 | 47 | $28,413 |
| Other services, except public administration | 229 | 42 | $37,809 |
| Construction | 204 | 48 | $56,586 |
| Finance and insurance | 164 | 25 | $81,973 |
| Wholesale trade | 149 | 24 | $60,067 |
| Agriculture, forestry, fishing and hunting | 143 | 40 | $48,874 |
| Information | 96 | 8 | $71,826 |
Manufacturing is the largest private sector at 1,012 jobs, 22.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Faribault County
How many businesses are in Faribault County?
- Establishments, all industries379
- Employment at those establishments3,758
- Annual payroll$183.2 m
- Establishments per 1,000 residents27.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Faribault County
Building permits in Faribault County
- Housing units authorized by permit, 20248
- Declared construction value permitted$2.7 m
- Single family units authorized8
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$332,524
- Units authorized per 1,000 households1.3
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Faribault County
SBA loans in Faribault County (7(a) and 504)
- 7(a) approvals recorded11
- 7(a) gross approval dollars$4.7 m
- Average 7(a) approval$425,400
- Median 7(a) approval$120,000
- Largest single approval$2,735,400
- Jobs reported supported, 7(a)54
- Jobs per approval4.9
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals6
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.1 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter9
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countEngineering Services (4)
- Most active lenderCCFBank National Association (6)
- 504 approvals recorded10
- 504 gross approval dollars$2.8 m
- Average 504 approval$279,700
- Median 504 approval$256,500
- Distinct CDCs active3
- 504 jobs per approval3.1
- 504 jobs per million dollars approved11.1
- Most active CDCSoutheastern Minnesota 504 Development Corporation (6)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$7.5 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Faribault County
SBA loan default and charge-off rates in Faribault County
Do SBA loans in Faribault County get paid back?
- Loans with a final outcome recorded2
- Paid in full1
- Charged off1
- Status: Paid in full1
- Status: Charged off1
- Status: Exempt from disclosure7
- Status: Cancelled2
Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Faribault County
SBA lending by place in Faribault County
- Borrower cities with recorded lending5
- Wells, approvals4
- Easton, approvals4
- Winnebago, approvals1
- Blue Earth, approvals1
- Walters, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Wells | 4 | $3,568,400 |
| Easton | 4 | $360,000 |
| Winnebago | 1 | $525,000 |
| Blue Earth | 1 | $150,000 |
| Walters | 1 | $76,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Faribault County
How large is Faribault County?
- Land area712 sq mi
- Rank by land area among Minnesota counties39th of 87
- Width, east to west30.1 mi
- Height, north to south24.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land20
- Establishments per square mile0.53
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Faribault County
Flood risk in Faribault County
- Participation of the county's own NFIP community Faribault County, unincorporated areasParticipating, community 270669
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP5
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Faribault County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Faribault County (community 270669), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Faribault County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Faribault County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Faribault County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202413,914
- Households6,079
- Average household size2.29
- Median household income$66,815
- Median age44.3
Common questions
Faribault County questions, answered from the record.
How many people live in Faribault County, Minnesota?
The Census Bureau estimates 13,886 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 13,914, in 6,079 households, ranking 59th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Faribault County's population growing?
The population has fallen 0.22 percent since the 2020 census base of 13,917, to 13,886 on July 1, 2024. In 2024 there were 130 births against 174 deaths, with net migration of 5. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Faribault County?
$66,815. The median owner-occupied home is valued at $135,300, which is 2.0 times income, and median gross rent is $799 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Faribault County?
379 establishments, employing 3,758 people with an annual payroll of $183.2 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Faribault County?
Manufacturing is the largest private sector at 1,012 jobs, 22.2 percent of covered employment. Covered employment averages 4,549 jobs at an average annual pay of $51,879, or $998 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Faribault County?
11 7(a) approvals totaling $4.7 m since FY2020, across 4 lenders, with a median approval of $120,000, plus 10 504 approvals worth $2.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Faribault County?
8 housing units were authorized by permit in 2024, with a declared construction value of $2.7 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Faribault County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Faribault County come from?
The largest single origin is Blue Earth County, with 65 households. Arriving households report an average income of $45,677 against $48,694 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Faribault County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Faribault County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Faribault County
Cities and places in Faribault.
11 Census places lie wholly or partly in Faribault County. All 11 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Blue Earth | city | 3,165 | 1 | Wholly in this county |
| Wells | city | 2,296 | 4 | Wholly in this county |
| Winnebago | city | 1,280 | 1 | Wholly in this county |
| Minnesota Lake | city | 687 | None recorded | 96.2 percent here, 3.8 percent Blue Earth County |
| Kiester | city | 494 | None recorded | Wholly in this county |
| Elmore | city | 451 | None recorded | Wholly in this county |
| Bricelyn | city | 392 | None recorded | Wholly in this county |
| Frost | city | 275 | None recorded | Wholly in this county |
| Easton | city | 178 | 4 | Wholly in this county |
| Delavan | city | 160 | None recorded | Wholly in this county |
| Walters | city | 57 | 1 | Wholly in this county |
Nearby