Markets/Minnesota/Faribault-Northfield

Faribault-Northfield, MN Real Estate Market 2026

Investor-grade market analytics for Faribault-Northfield, Minnesota. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$352,805

+2.4% year-over-year

Est. Rental Yield

5.3%

gross annual

12-Month Forecast

+2.4%

base case (Zillow ZHVF)

+2.4% year-over-year

Climate Risk

25/100

Low

Market Momentum

๐ŸŒค๏ธ
Warm
2.1mo supply ยท Score +2/7

Net migration: Bottom 16% nationally

Income Migration

โžก๏ธ Neutral1.00x

In-migrants avg $67,132 AGI vs out-migrants $66,933

Faribault-Northfield Market Summary

Faribault-Northfield, MN shows steady growth at 2.4% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 4.26x, below the national average of 4.8x. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 5.32% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score82/100
Price-to-Income Ratio4.3x (national avg 4.8x)
Median Household Income$82,792

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.2%
Base Case+2.4%
Bull Case+3.6%

Climate & Natural Hazard Risk

Faribault-Northfield, MN's primary climate exposure is wind storms (70/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Faribault-Northfield dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.