Faribault Homes under $350,000

Welcome to Faribault, Minnesota—where charming small-town vibes meet a vibrant community spirit! Nestled in Rice County, Faribault is a hidden gem that offers a delightful mix of history, culture, and natural beauty. With its picturesque landscapes, friendly neighborhoods, and a rich heritage, Faribault is not just a place to live; it’s a place to call home.

One of the standout features of Faribault is its affordability. For homebuyers seeking value, the city boasts a variety of homes available for under $350,000. Whether you're a first-time buyer, a growing family, or looking to downsize, Faribault has something for everyone. From charming bungalows to spacious family homes, you’ll find properties that suit your lifestyle and budget.

The community is known for its excellent schools, local parks, and a thriving downtown area filled with unique shops and eateries. Enjoy the beauty of the nearby River Bend Nature Center, where you can explore scenic trails and enjoy outdoor activities year-round.

Additionally, Faribault is conveniently located just a short drive from the Twin Cities, making it an ideal spot for those who want the tranquility of small-town life while still having easy access to urban amenities.

With its affordable housing options and welcoming community, Faribault is the perfect place to start your next chapter. Come discover the warmth and charm of this lovely city—your dream home awaits!

Newest Faribault Homes under $350,000

$324,900

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7144771 MLS ⋅ 1,904 SqFt.

Well-maintained and lovingly cared for over the past 39 years, this spacious two-story home offers comfort, functionality, and plenty of room to grow. Featuring 4 spacious bedrooms, 2 bathrooms, and a 2-car garage, this home provides ample space for family and guests. The inviting backyard is a wonderful place to relax, entertain, and enjoy time outdoors. Inside, you’ll find generous storage space throughout, making it easy to keep everything organized. The home features a new roof in May, 2026. With its spacious layout, great outdoor space, and decades of prideful ownership, this home is ready for its next chapter!

1100 Mitchell Drive, Faribault

Listing courtesy of Edina Realty, Inc..

$275,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7148050 MLS ⋅ 2,688 SqFt.

Opportunity is knocking at 849 8th Avenue SW! This spacious Faribault rambler offers 4 bedrooms on one level, over 2,200 square feet on the main floor, an attached 2-car garage, and a large corner lot; all ready for its next owner to bring their vision and give it the glow-up it deserves! Inside, you’ll find an incredibly spacious and versatile floor plan with hardwood floors throughout much of the main level, including hardwood hidden beneath the living room carpet. The massive primary bedroom and three additional bedrooms are all conveniently located on one level. Multiple living spaces provide plenty of room to spread out, including a large main-level family room with vaulted ceilings and one of the home’s two fireplaces. Built-in cabinetry and hutches add character and valuable storage throughout. Main level and lower level family rooms, two fireplaces, generous room sizes, abundant storage, and an amazing primary bedroom are but a few reasons making this home an incredible foundation for updating, remodeling, and creating something truly special! Outside, enjoy the large corner lot, patio, garden space, alley access, and attached 2-car garage with plenty of room for vehicles and storage. Conveniently located near Faribault Senior High School, Jefferson Elementary, Bethlehem Academy, parks, shopping, restaurants, and everyday amenities, this property combines space, location, character, and tremendous potential. If you’ve been searching for a spacious Faribault rambler with 4 bedrooms on one level and the opportunity to build equity through updates, this is one you won’t want to miss!

849 8th Avenue SW, Faribault

Listing courtesy of RE/MAX Advantage Plus.

$279,900

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7151971 MLS ⋅ 2,074 SqFt.

Welcome to this beautifully updated 4-bedroom, 2-bathroom home offering a perfect blend of classic charm and modern convenience. The main level features refinished hardwood floors that flow seamlessly throughout the space, creating a warm and inviting atmosphere. Here, you will find three spacious bedrooms on one level alongside a bright kitchen fully equipped with stainless steel appliances. The finished lower level significantly expands your living space, boasting a walkout basement that opens directly to the backyard. This level also includes a fourth bedroom, a convenient 3/4 bathroom, and ample storage space to keep everything organized. Rest easy knowing major mechanicals and structural components have been recently updated, including a brand-new roof (2026) and central air conditioning (2024) for year-round comfort. Situated in a highly desirable neighborhood, this home offers fantastic outdoor access with its close proximity to the Riverbend Nature Center. Do not miss the opportunity to make this turn-key property your own.

120 Brand Avenue, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$310,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7148232 MLS ⋅ 1,757 SqFt.

Rare in-town acreage with room to roam! Set on 1.7 acres, this inviting property pairs the convenience of town with a peaceful, natural setting featuring mature trees, a creek, and abundant wildlife. Inside, hardwood floors and a spacious living room create a warm welcome. The home offers three bedrooms, including one on the main level, two bathrooms, an updated kitchen, office space, and a large basement family room—plus abundant storage throughout. Enjoy your morning coffee on the front porch or make the most of the generous outdoor space. A newer garage, roundabout driveway, and ample room for trailers and toys add everyday convenience. Schools, amenities, major highways, walking trails, and the Faribault Nature Center are all nearby. Come discover the space, setting, and possibilities this unique property has to offer!

1030 Willow Street, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$110,000

ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 7152382 MLS ⋅ 486 SqFt.

Seasonal lakefront cabin located on Lake Mazaska in Faribault. The property includes 2 bedrooms, 1 3/4 bathroom, an eat-in kitchen, living room, and a private dock with direct lake access. Additional features include a deck, patio, porch, propane heater, shared water system, and compliant septic system. The cabin is situated on leased land with access by private, unpaved roads. Longstanding, small seasonal lake community with remarkably inexpensive annual land rent. No garage or designated parking. An affordable opportunity for seasonal lake use, boating, fishing, and waterfront recreation.

6000 Fairbanks Path Unit 15, Faribault

Listing courtesy of Keller Williams Preferred Rlty.

$260,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7113634 MLS ⋅ 1,508 SqFt.

Welcome home to this inviting 4-bedroom, 2-bath rambler in a desirable Faribault neighborhood! Offering over 1,500 finished square feet of living space, this home is currently vacant and ready for its next owners. The functional layout provides plenty of room for everyday living, while the spacious kitchen features updated flooring installed in 2024. The entire home has been freshly painted and recently deep cleaned, giving the space a clean, fresh feel from the moment you walk in. Step outside to enjoy the fully fenced backyard and spacious deck—perfect for grilling, entertaining, or relaxing. The deck has just been refinished and stained, creating a beautiful outdoor space that's ready to enjoy. Recent updates include a new roof in 2022, new gutters and gutter guards installed in 2017, and a new basement bathroom shower in 2025. An attached 2-stall garage offers convenient parking and additional storage. With fresh updates, a fully fenced backyard, and a move-in-ready interior, this Faribault home is ready for its next chapter. Don't miss your opportunity to make it yours—schedule your showing today!

1401 Summer Lane, Faribault

Listing courtesy of Edina Realty, Inc..

$245,000

ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 7151436 MLS ⋅ 1,603 SqFt.

Discover the potential in this split-level home tucked away on a quiet cul-de-sac. With a great location close to schools and a spacious backyard, this property offers plenty of opportunity to make it your own. Bring your vision and personal touches to update and refresh the home to fit your style. A great option for buyers looking for a home with room to grow and create something special.

8 Aspen Court, Faribault

Listing courtesy of eXp Realty.

$289,900

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7150312 MLS ⋅ 1,428 SqFt.

Welcome to a home where nearly every surface has been thoughtfully refreshed, creating a truly move-in-ready space that feels fresh, clean, and updated from the moment you walk through the door. With extensive improvements completed inside and out, the next owner can simply unpack, settle in, and enjoy. Step inside to fresh paint and new flooring throughout, complemented by new lighting fixtures that give the home a bright, cohesive feel. The kitchen has been completely transformed with beautiful new custom cabinetry and brand-new appliances, creating a functional and inviting space ready for everything from busy mornings to entertaining family and friends. The bathrooms have also been updated, carrying the fresh, finished feel throughout the home. The improvements go well beyond cosmetics. New windows, roof and gutters provide added efficiency and peace of mind, while durable steel siding offers a low-maintenance exterior. A new garage door adds another finishing touch, and fresh landscaping gives the home welcoming curb appeal from the moment you arrive. Step outside to the new maintenance-free deck—the perfect spot for grilling, entertaining, relaxing, or simply enjoying the outdoors without the upkeep of traditional decking. Even the behind-the-scenes details have received attention. The ductwork has been professionally cleaned, and both the furnace and central air conditioning have been serviced. From the major improvements to the finishing touches, this home has been carefully prepared for its next chapter. Fresh, updated, low-maintenance, and ready to enjoy—the projects have already been completed so the next owner can simply move in and make it home.

600 Ladonna Lane, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$290,000

ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 7053391 MLS ⋅ 2,128 SqFt.

Amazing opportunity to own this beautiful, move-in ready rambler positioned on a corner lot – only available due to out-of-state relocation! Experience significant peace of mind for YEARS to come: Siding, metal roof, windows, concrete driveway + pad, and mechanicals all replaced in 2022. So you can focus on making meaningful quality of life custom upgrades on your wishlist from day one! Nearly 2,200 finished square feet, 4 bedrooms, 2 bathrooms, and a truly convenient fully enclosed breezeway connecting the house + 2-car garage provide the space and functionality you need. The breezeway could double as your peaceful sunroom, cozy sitting/reading area, or practical pet station/mudroom/multipurpose space! Head inside through the garage, breezeway, or front door where you’ll find a comfortable, spacious main level layout offering three bedrooms with hardwood floors and a full bathroom, plus reclaimed cedar countertops and stainless steel appliances in the kitchen. Head to the finished basement where you’ll find a fourth bedroom (or maybe your office, hobby, storage room!) and a second bathroom. This outstanding property is notably just down the road from Historic Downtown, Shattuck-St. Mary’s, Academy for the Deaf and Blind, and also within minutes from I-35, MN-60, River Bend Nature Center, and much more!

228 5th Avenue NE, Faribault

Listing courtesy of Kris Lindahl Real Estate.

$219,900

ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 7149595 MLS ⋅ 1,270 SqFt.

CHARM, CHARACTER & UPDATES! Discover a home that offers so much more than meets the eye! Beautifully maintained and filled with natural light, this charming two-story combines the character of an older home with thoughtful improvements throughout. Gorgeous hardwood floors welcome you inside, while the beautifully remodeled bathroom, featuring a spacious tiled walk-in shower and stylish finishes, adds a touch of modern luxury. Offering two bedrooms plus a versatile third pass-through room, this home provides flexibility for an additional sleeping space, home office, nursery, dressing room, or hobby area. The inviting four-season front porch creates another comfortable living space, perfect for morning coffee or relaxing year-round. Step outside and discover one of this property's standout features: a generous .30-acre lot with a fully fenced yard, backyard patio, and plenty of room to enjoy the outdoors. The oversized two-car garage with an attached workshop is a fantastic bonus for anyone needing additional storage, workspace, or room for hobbies. Additional improvements include updated windows, a newer roof, and an updated main-floor half bath. Conveniently located near parks, walking trails, downtown Faribault, shopping, and dining, this well-cared-for home delivers a wonderful combination of charm, functionality, outdoor space, and value. Come see everything this property has to offer!

545 Willow Street, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$325,000

ACTIVE Status ⋅ 4 Beds ⋅ 3 Baths ⋅ 7141651 MLS ⋅ 2,228 SqFt.

Set on just under half of an acre on a peaceful dead-end street on Faribault’s east side, this spacious 4-bedroom, 3-bath rambler offers comfortable one-level living with plenty of room to spread out. The true highlight of the home is the impressive great room, featuring soaring vaulted ceilings with exposed beams, a gas stone fireplace, and an incredible wall of windows overlooking the backyard. Generous in size and filled with natural light, this is a memorable space for everyday living and entertaining. Sliding glass doors provide easy access to the backyard, complete with mature trees and a fire pit. The main level also features a spacious living room with a bay window, three bedrooms with hardwood floors, and a full bath. The kitchen offers abundant cabinetry and counter space, a new dishwasher, and added lighting in both the kitchen and dining area. Recent exterior updates include a new roof, attractive two-tone siding, four new exterior doors, and refreshed front landscaping. The lower level includes a fourth bedroom, ¾ bath, a versatile bonus room, and unfinished space offering excellent storage or future expansion potential. Additional updates include a new bedroom light and fan, and fresh paint throughout the bedrooms, hallway, and bathroom. A spacious home with thoughtful updates, memorable gathering spaces, and a beautiful yard!

924 Ravine Street, Faribault

Listing courtesy of Re/Max Advantage Plus.

$284,500

ACTIVE Status ⋅ 5 Beds ⋅ 4 Baths ⋅ 7143175 MLS ⋅ 2,398 SqFt.

Opportunity awaits! This well-maintained duplex offers a fantastic opportunity to step into homeownership while also enjoying the benefits of an income-producing property. Whether you’re looking to add to your investment portfolio or purchase your first property and offset your monthly expenses with rental income from the second unit, this one is worth a look. Both units feature nice updates throughout while maintaining a comfortable, welcoming feel. With two separate living spaces, this property offers flexibility for an owner-occupant or investor alike. Live in one unit and rent the other, or utilize both as rental opportunities—the choice is yours! If you’ve been looking for a smart way to get started in real estate ownership, this home offers an exciting combination of versatility, potential, and value. Schedule your showing and come see the possibilities this duplex has to offer!

815 2nd Avenue NW, Faribault

Listing courtesy of eXp Realty.

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