What is the rental vacancy rate in Faribault, MN?

Name: Vacancy rate in Faribault, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The rental vacancy rate in Faribault, MN is 4.8% (±4.0 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.0% (±0.4 points).

403 (±203) homes, 4.3% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Faribault, the rental vacancy rate went from 2.8% in 2015–2019 to 4.8% in 2020–2024 (+2.0 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 4.8% (±4.0 points)
Homeowner vacancy rate: 0.0% (±0.4 points)
Vacant homes: 403 (±203)

Vacancy in Faribault against Rice County, its state and the nation

Estimate (90% margin of error)
	Faribault	Rice County	Minnesota	United States
Rental vacancy rate	4.8% (±4.0 points)	4.7% (±2.5 points)	5.3% (±0.3 points)	5.5%
Homeowner vacancy rate	0.0% (±0.4 points)	0.7% (±0.5 points)	0.6% (±0.1 points)	0.9%
Vacant housing units	403 (±203)	1,802 (±276)	237,075 (±4,795)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Faribault, the rental vacancy rate is not measurably different from Rice County (4.7%).

It is not measurably different from Minnesota (5.3%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Faribault

Nearest places with a published estimate, compared with Faribault
Place	Distance	Rental vacancy rate	Compared with this place
Faribault	—	4.8% (±4.0 points)	—
Wells Township	4.0 mi	0.0% (±27.2 points)	Not measurably different
Cannon City Township	4.3 mi	0.0% (±47.5 points)	Not measurably different
Warsaw Township (Rice County)	5.4 mi	46.2% (±32.9 points)	Higher
Walcott Township	5.5 mi	0.0% (±41.7 points)	Not measurably different
Forest Township (Rice County)	8.4 mi	0.0% (±33.1 points)	Not measurably different
Bridgewater Township	8.8 mi	0.0% (±68.4 points)	Not measurably different
Wheeling Township	8.9 mi	30.8% (±41.7 points)	Not measurably different
Medford Township	9.0 mi	0.0% (±52.6 points)	Not measurably different

Nearby places with a measurably higher figure: Warsaw Township (Rice County), MN (46.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Rental vacancy rate across Rice County, place by place

Rank	Place	Rental vacancy rate
1	Warsaw Township (Rice County)	46.2% (±32.9 points)
2	Wheeling Township	30.8% (±41.7 points)
3	Shieldsville Township	17.6% (±28.2 points)
4	Northfield	6.3% (±4.1 points)
5	Faribault	4.8% (±4.0 points)
6 (tie)	Dundas	0.0% (±55.2 points)
6 (tie)	Lonsdale	0.0% (±16.1 points)
6 (tie)	Morristown	0.0% (±18.5 points)
6 (tie)	Nerstrand	0.0% (±100.0 points)
6 (tie)	Bridgewater Township	0.0% (±68.4 points)
6 (tie)	Cannon City Township	0.0% (±47.5 points)

Showing 11 of 20 places in Rice County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Faribault

Is it hard to find a rental in Faribault?

The rental vacancy rate in Faribault, MN is 4.8% (±4.0 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Faribault tighter than it was?

In Faribault, the rental vacancy rate went from 2.8% in 2015–2019 to 4.8% in 2020–2024 (+2.0 percentage points), not a measurable change.

How many homes are vacant in Faribault?

An estimated 403 (±203) housing units, 4.3% of the total, including seasonal homes and homes waiting to be sold or rented.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Faribault city, Minnesota (place:20546, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.