Minnesota · GEOID 27043

Faribault County

2024 ACS 5-year estimates · population 13,914 · 6,897 housing units

Median household income

$66,815

State $90,564

Median home value

$135,300

State $324,699

Median gross rent

$799

State $1,292

Homeownership rate

79.2%

State 72.2%

Renter cost-burden rate

42.5%

≥30% of income

Owner cost-burden rate

16.6%

≥30% of income

Homeowner vacancy

0.9%

Of owner-occupied + for-sale units

Rental vacancy

1.5%

Of renter-occupied + for-rent units

Overall vacancy

11.9%

All housing units

Price-to-income ratio

2.02

Affordable: 2.0–3.0

Section 1

Community Profile

Population, demographics, household composition, and income.

Community Data Summary

	Faribault County	Minnesota
Population	13,914	5,739,445
Population density (per sq. mi.)	19.53	—
Median household income	$66,815	$90,564
HUD Area Median Income (4-person, 100%)	$88,200	—
Households	6,079	—
Average household size	2.24 people	—
Owner-occupied	79.2%	72.2%
Renter-occupied	20.8%	27.8%
Race	88.9% White · 0.6% Black	0.0% White · 0.0% Black

Source: ACS 5-year 2024 (Tables DP05, S1101, DP04, S1901) and Census Gazetteer (land area); HUD FY2026 Income Limits.

Racial composition

Faribault County compared with Minnesota.

Source: ACS 5-year 2024, Table DP05.

Educational attainment (population 25+)

21.8% hold a bachelor's degree or higher (state: 39.4%).

Source: ACS 5-year 2024, Table S1501.

Median Household Income by Tenure

Owner-occupied vs. renter-occupied household income, county and state.

Source: ACS 5-year 2024, Table B25119.

Median Household Income by Age of Householder

Median household income by age group of householder.

Source: ACS 5-year 2024, Table B19049.

Median Household Income by Number of Earners

Median household income for families with each earner count.

Source: ACS 5-year 2024, Table S1903.

Household Size

Distribution of households by number of people.

Source: ACS 5-year 2024, Table S2501.

Income by Number of Earners

Earners	Share	Median income	Attainable monthly housing cost	Attainable home
0 earners	16.9%	$50,313	$1,258	$156,263
1 earner	29.3%	$60,650	$1,516	$194,740
2 earners	42.9%	$109,375	$2,734	$376,111
3+ earners	10.9%	$138,750	$3,469	$485,455

Attainable monthly housing cost = 30% of gross income ÷ 12. Attainable home price assumes 30% housing budget, 30-yr mortgage at 7%, 5% down.

Source: ACS 5-year 2024, Table S1903; affordability formula derived.

Households

6,079

Average size: 2.24 people

Households with children

1,398

23.0% of households

Per-capita income

$38,110

Poverty rate: 9.7%

Section 2

Residential Market Analysis

Housing stock characteristics — tenure, type, age, size, vacancy, rents.

Tenure

79.2% owner-occupied vs. state average 72.2%.

Source: ACS 5-year 2024, Table DP04.

Structure type

Single-family share 89.2% · Missing middle (2–19 units) 6.7%.

Source: ACS 5-year 2024, Table B25024.

Housing stock by decade

85.2% built before 1980 · Median structure age 1,952.00 yrs.

Source: ACS 5-year 2024, Table S2504.

Housing size mismatch

Compares the share of housing units by bedroom count against the share of households by size — a common diagnostic of housing supply/demand alignment.

Source: ACS 5-year 2024, Tables B25041 (bedrooms) and S2501 (household size).

Home value distribution

Owner-occupied homes by value bracket. Median: $135,300.

Source: ACS 5-year 2024, Table DP04.

Monthly Housing Costs

Distribution of monthly housing costs across all occupied units.

Source: ACS 5-year 2024, Table B25104.

Number of Bedrooms

Housing units by number of bedrooms.

Source: ACS 5-year 2024, Table B25041.

Median rent by bedroom

Overall median gross rent: $799.

Source: ACS 5-year 2024, Table B25031.

Renters by age

Number of renter householders by age bracket.

Source: ACS 5-year 2024, Table S2502.

Owners by age

Number of owner householders by age bracket.

Source: ACS 5-year 2024, Table S2502.

Vacancy composition

All 818 vacant units split into Census's seven categories. Frictional vacancy (units actively on the market) reflects healthy churn. Structural vacancy (seasonal, migrant, other) sits outside the market for year-round residents — high values change how the headline vacancy rate should be read.

Vacant units by type

For sale 5.1% · For rent 2.4% · Seasonal 16.5% · Other 66.9%.

Source: ACS 5-year 2024, Table B25004.

Frictional vs structural

9.5% of vacancy is frictional (for sale + for rent + rented/sold not yet occupied); 90.5% is structural (seasonal + migrant + other).

Source: ACS 5-year 2024, Table B25004.

Seasonal / recreational share of all housing

2.0%

135 units of 6,897 total

Housing units held for seasonal or recreational use.

"Other vacant" share of all housing

7.9%

547 units of 6,897 total

⚑ Above the 5% threshold — possible indicator of disinvestment, abandonment, or condemned stock.

Section 3

Workforce Housing Needs Assessment

Affordability, cost burden, and the housing options for households in the workforce income range.

Workforce range — ACS median household income

80% MHI$53,452

100% MHI$66,815

120% MHI$80,178

County-wide median from ACS 5-year estimates. A household at 100% MHI in Faribault County should be able to afford a home up to roughly — (30% housing budget, default mortgage terms).

Workforce range — HUD Area Median Income

	1-person	2-person	4-person
80% AMI	$54,900	$62,750	$78,400
100% AMI	$61,740	$70,560	$88,200
120% AMI	$74,100	$84,650	$105,850

HUD FMR Area: Faribault County, MN. 80% AMI uses HUD's published Section 8 Low Income Limits; 100% is HUD MFI; 120% is the standard workforce convention.

Affordability calculator

Follows the standard 30%-of-gross-income affordability rule.

Income basis Household income Interest rate % Down payment % Taxes & insurance / yr

Affordable monthly—

Affordable home price—

Renter cost burden

42.5% of renter households spend ≥30% of income on rent (16.0% spend ≥50%).

Source: ACS 5-year 2024, Table B25070.

Owner cost burden by income

16.6% of homeowners spend ≥30% of income on housing. Bars show counts of cost-burdened owners by income bracket.

Source: ACS 5-year 2024, Table B25106.

Household income — owners vs renters

Distribution of household income for owner-occupied (navy) and renter-occupied (gold) households.

Source: ACS 5-year 2024, Table B25118.

Section 4

Industry & Workforce Wages

Employment, average wages, and the housing each industry's typical earner can afford in Faribault County.

Covered employment

3,281

Across 13 sectors

Establishments

334

QCEW 2024

Avg annual pay (workforce)

$53,403

Employment-weighted across sectors

Top 10 sectors by employment

Annual average employment by NAICS 2-digit sector. Counties with fewer than five covered establishments in a sector may show suppressed totals.

Source: BLS QCEW Annual Averages, 2024.

Attainable housing by industry

Industry	Employment	Avg annual wage	Affordable home price	vs. median value	Affordable monthly rent
NAICS 31-33 Manufacturing NAICS 31-33	1,012	$65,813	$213,959	+$78,659	$1,645
NAICS 61 Educational services NAICS 61	438	$45,075	$136,765	+$1,465	$1,127
NAICS 92 Public administration NAICS 92	383	$39,299	$115,265	−$20,035	$982
NAICS 44-45 Retail trade NAICS 44-45	361	$28,387	$74,647	−$60,653	$710
NAICS 81 Other services (except public administration) NAICS 81	229	$37,782	$109,618	−$25,682	$945
NAICS 23 Construction NAICS 23	215	$56,691	$180,004	+$44,704	$1,417
NAICS 52 Finance and insurance NAICS 52	164	$82,098	$274,577	+$139,277	$2,052
NAICS 42 Wholesale trade NAICS 42	149	$60,101	$192,697	+$57,397	$1,503
NAICS 11 Agriculture, forestry, fishing and hunting NAICS 11	143	$48,931	$151,118	+$15,818	$1,223
NAICS 51 Information NAICS 51	96	$71,763	$236,107	+$100,807	$1,794
NAICS 48-49 Transportation and warehousing NAICS 48-49	41	$55,814	$176,739	+$41,439	$1,395
NAICS 22 Utilities NAICS 22	40	$98,099	$334,138	+$198,838	$2,452
NAICS 53 Real estate and rental and leasing NAICS 53	10	$21,037	$47,287	−$88,013	$526

Subsector	Employment	Avg annual wage	Affordable home price	vs. median value	Affordable monthly rent
NAICS 611 Educational services NAICS 611	438	$45,075	$136,765	+$1,465	$1,127
NAICS 311 Food manufacturing NAICS 311	388	$63,539	$205,494	+$70,194	$1,588
NAICS 921 Executive, legislative, and other general government support NAICS 921	344	$36,434	$104,600	−$30,700	$911
NAICS 623 Nursing and residential care facilities NAICS 623	333	$37,844	$109,849	−$25,451	$946
NAICS 238 Specialty trade contractors NAICS 238	162	$55,582	$175,876	+$40,576	$1,390
NAICS 445 Food and beverage retailers NAICS 445	142	$17,049	$32,443	−$102,857	$426
NAICS 522 Credit intermediation and related activities NAICS 522	126	$78,965	$262,915	+$127,615	$1,974
NAICS 811 Repair and maintenance NAICS 811	126	$55,431	$175,313	+$40,013	$1,386
NAICS 624 Social assistance NAICS 624	101	$19,181	$40,379	−$94,921	$480
NAICS 112 Animal production and aquaculture NAICS 112	91	$47,103	$144,314	+$9,014	$1,178
NAICS 621 Ambulatory health care services NAICS 621	90	$43,667	$131,524	−$3,776	$1,092
NAICS 424 Merchant wholesalers, nondurable goods NAICS 424	86	$63,364	$204,843	+$69,543	$1,584
NAICS 457 Gasoline stations and fuel dealers NAICS 457	82	$27,092	$69,826	−$65,474	$677
NAICS 484 Truck transportation NAICS 484	81	$58,521	$186,816	+$51,516	$1,463
NAICS 813 Religious, grantmaking, civic, professional, and similar organizations NAICS 813	72	$9,107	$2,880	−$132,420	$228
NAICS 444 Building material and garden equipment and supplies dealers NAICS 444	47	$49,967	$154,975	+$19,675	$1,249
NAICS 491 Postal service NAICS 491	41	$55,814	$176,739	+$41,439	$1,395
NAICS 221 Utilities NAICS 221	40	$98,099	$334,138	+$198,838	$2,452
NAICS 115 Support activities for agriculture and forestry NAICS 115	38	$55,170	$174,342	+$39,042	$1,379
NAICS 524 Insurance carriers and related activities NAICS 524	34	$81,204	$271,249	+$135,949	$2,030
NAICS 441 Motor vehicle and parts dealers NAICS 441	28	$45,931	$139,951	+$4,651	$1,148
NAICS 923 Administration of human resource programs NAICS 923	13	$78,312	$260,484	+$125,184	$1,958
NAICS 237 Heavy and civil engineering construction NAICS 237	11	$60,364	$193,676	+$58,376	$1,509
NAICS 531 Real estate NAICS 531	10	$21,037	$47,287	−$88,013	$526
NAICS 922 Justice, public order, and safety activities NAICS 922	9	$70,541	$231,558	+$96,258	$1,764
NAICS 926 Administration of economic programs NAICS 926	8	$46,099	$140,577	+$5,277	$1,152
NAICS 924 Administration of environmental quality programs NAICS 924	5	$73,589	$242,904	+$107,604	$1,840
NAICS 925 Administration of housing programs, urban planning, and community development NAICS 925	4	$32,137	$88,605	−$46,695	$803

Affordable home price assumes the industry's average earner uses 30% of gross income for housing, with a 30-year mortgage at 7%, 5% down, $2,500/yr taxes & insurance, and 0.5% PMI. Adjust the Section 3 calculator for other terms. Affordable rent is 30% of monthly gross pay.

Source: BLS QCEW Annual Averages, 2024; ACS 5-year 2024 (median home value).

Section 5

Wages by Occupation

Selected essential-worker occupations for the MSA or nonmetropolitan area containing this county — jobs, the 10-year change, wages, and the housing each typical earner can afford. Both jobs counts and wages are reported at the MSA / nonmetropolitan-area level (BLS does not publish OEWS at the county level), so every county inside the same area shows the same numbers. For county-accurate employment totals, see Section 4 above.

Occupational wages and affordable housing

Occupation	2025 jobs	2015–2025 change	% change	Hourly wage	Annual wage	Affordable home price	Affordable monthly rent
Waiters and Waitresses SOC 35-3031	1,830	(520)	(22%)	$13.75	$28,600	$75,439	$715
Fast Food and Counter Workers SOC 35-3023 · prior-year code differs	4,220	(540)	(11%)	$14.90	$30,980	$84,299	$775
Cashiers SOC 41-2011	4,660	50	1%	$15.46	$32,170	$88,728	$804
Childcare Workers SOC 39-9011	630	280	80%	$15.63	$32,510	$89,994	$813
Retail Salespersons SOC 41-2031	3,410	(2,010)	(37%)	$17.86	$37,150	$107,265	$929
Janitors and Cleaners SOC 37-2011	2,570	20	1%	$19.55	$40,650	$120,294	$1,016
Tellers SOC 43-3071	530	(270)	(34%)	$20.55	$42,740	$128,073	$1,069
Home Health and Personal Care Aides SOC 31-1131 · prior-year code differs	2,110	(2,500)	(54%)	$21.08	$43,840	$132,168	$1,096
Firefighters SOC 33-2011	220	(110)	(33%)	$21.96	$45,680	$139,017	$1,142
Office Clerks, General SOC 43-9061	2,840	(670)	(19%)	$22.32	$46,430	$141,809	$1,161
Maintenance and Repair Workers, General SOC 49-9071	2,060	890	76%	$27.57	$57,350	$182,457	$1,434
Construction Laborers SOC 47-2061	1,190	520	78%	$27.91	$58,060	$185,100	$1,452
Carpenters SOC 47-2031	520	(190)	(27%)	$28.60	$59,490	$190,422	$1,487
Heavy and Tractor-Trailer Truck Drivers SOC 53-3032	3,450	520	18%	$28.94	$60,190	$193,028	$1,505
Elementary School Teachers, Except Special Education SOC 25-2021	1,600	(360)	(18%)	—	$67,160	$218,973	$1,679
Paramedics SOC 29-2043 · prior-year code differs	80	(510)	(86%)	$36.27	$75,440	$249,794	$1,886
Plumbers, Pipefitters, and Steamfitters SOC 47-2152	630	200	47%	$37.00	$76,950	$255,415	$1,924
Police and Sheriff's Patrol Officers SOC 33-3051	580	0	0%	$37.19	$77,360	$256,941	$1,934
Electricians SOC 47-2111	930	170	22%	$37.63	$78,260	$260,291	$1,957
Registered Nurses SOC 29-1141	2,440	180	8%	$46.27	$96,240	$327,218	$2,406

Affordable home price uses the same Section 3 formula (30% housing budget, 30-year mortgage at 7%, 5% down, $2,500/yr T&I, 0.5% PMI). Affordable rent is 30% of monthly wages. Negative job-change values are shown in red parentheses. A "prior-year code differs" note flags occupations whose SOC code changed between the two vintages (2010 SOC → 2018 SOC) — the change estimate is best-effort.

Source: BLS OEWS May 2025 (10-year change vs. May 2015). Jobs counts and wages reflect the MSA or nonmetropolitan area containing this county, not the county alone — OEWS is not published at the county level.

Methodology & sources

All figures derive from the 2024 American Community Survey 5-year estimates. State and national comparisons are population-weighted aggregates of county-level estimates (an approximation; ACS publishes its own state and national medians which can differ slightly).

The affordability calculator uses a 30% housing-budget rule with a 30-year mortgage. Defaults are 7% interest, 5% down, $2,500/year taxes and insurance, and 0.5% PMI — adjustable above.

Variables: 27043 · pulled from Full Housing Data Table.xlsx.