HomeMinnesotaRice CountyFaribault
Faribault, Minnesota: commercial real estate data.
Faribault is a Census city of 24,631 people across 15.71 square miles of land, in Rice County. Median household income is $61,449, 66.1 percent of occupied homes are owned, and the SBA record carries 26 7(a) approvals to borrowers here worth $23.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Faribault
What Faribault is
- Census place typecity
- Land area15.71 sq mi
- Water area0.28 sq mi
- Population per square mile of land1,568
- County holding the largest share of its areaRice County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Faribault
How many people live in Faribault
- Population24,631
- Median age38.7
- Population under 185,300
- Share under 1821.5 percent
- Population 65 and over4,113
- Share 65 and over16.7 percent
- Households8,938
- Family households5,088
- Share of households that are families56.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Faribault
Income and work in Faribault
- Median household income$61,449
- Per capita income$33,225
- Civilian labor force11,699
- Employed11,063
- Unemployed636 plus or minus 291
- Unemployment rate5.4 percent plus or minus 2.5
- Adults 25 and over17,289
- Adults 25 and over with a high school diploma or higher87.9 percent
- Adults 25 and over with a bachelor degree or higher17.6 percent
- Adults 25 and over with a graduate degree6.1 percent plus or minus 1.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Faribault
Housing in Faribault
- Housing units9,341
- Occupied units8,938
- Vacant units403 plus or minus 203
- Vacancy rate4.3 percent plus or minus 2.2
- Owner occupied5,905
- Renter occupied3,033
- Ownership rate66.1 percent
- Median owner-occupied home value$241,500
- Median gross rent, monthly$1,074
- Annual rent as a share of median income21.0 percent
- Single family units6,421
- Share single family68.7 percent
- Units in buildings of two or more2,498
- Share in buildings of two or more26.7 percent
- Mobile homes422 plus or minus 150
- Median year structure built1974
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Faribault
How Faribault gets to work
- Workers 16 and over who commute10,314
- Commuting under 15 minutes5,547
- Share commuting under 15 minutes53.8 percent
- Commuting 30 minutes or more2,272
- Share commuting 30 minutes or more22.0 percent
- Drove alone71.1 percent
- Carpooled15.8 percent plus or minus 4.2
- Public transport0.1 percent plus or minus 0.1
- Walked2.7 percent plus or minus 1.3
- Worked from home5.9 percent plus or minus 1.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Faribault
SBA loans in Faribault (7(a))
- Approvals26
- Gross approval$23,464,000
- Average approval$902,462
- Median approval$365,100
- Ninetieth percentile approval$3,075,000
- Largest approval$3,718,500
- Jobs supported811
- Jobs per approval31.2
- Loans with a final outcome7
- Paid in full7
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more15.4 percent
- Share to franchises19.2 percent
- Distinct lenders12
- Distinct industries by NAICS16
Counted by borrower city: approvals to borrowers whose address is in Faribault, in any county, FY2020 to FY2026. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Faribault
SBA loans in Faribault (504)
- Approvals29
- Gross approval$23,467,000
- Average approval$809,207
- Median approval$368,000
- Largest approval$5,500,000
- Jobs supported249
- Loans with a final outcome11
- Charged off0
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Faribault, in any county, FY2010 to FY2026. Only 11 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Faribault
Flood risk in Faribault
- NFIP communityCity of Faribault
- NFIP community number270404
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date04/06/22
The City of Faribault participates in the National Flood Insurance Program as community 270404 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Rice County, not Faribault
Rice County context, not Faribault figures
- Establishments in Rice County1,600
- Covered employment, Rice County26,196
- Average annual pay, Rice County$60,604
- Housing units permitted, Rice County96
Every figure in this section is published for Rice County as a whole and is not a measurement of Faribault.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, 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 →
Common questions
Faribault questions, answered from the record.
How many people live in Faribault, Minnesota?
24,631, in 8,938 households. Faribault city covers 15.71 square miles of land, which is 1,568 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Faribault in?
Rice County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Faribault?
$61,449. The median owner-occupied home is valued at $241,500. Median gross rent is $1,074 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Faribault businesses?
26 7(a) approvals totaling $23.5 m since FY2020, across 12 lenders, median approval $365,100, plus 29 504 approvals worth $23.5 m since FY2010. These count approvals to borrowers whose address is in Faribault, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Faribault borrowers get paid back?
No rate is published for Faribault. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Faribault in the National Flood Insurance Program?
Yes. Faribault appears in the FEMA Community Status Book as Faribault, city of, community 270404, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Faribault figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Rice County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Faribault.
Is zoning published for Faribault?
No. Nothing on this page presents parcel level zoning.
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