Performance indicators for the Faribault short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Faribault.
Loading top listings...
Generally Investor friendly
STRs are explicitly allowed citywide and treated like other residential rentals, with clear, relatively modest licensing fees (e.g., Type 2: $350 for one unit, $25 per additional unit), a standard inspection process, and a 3% lodging tax—overall a predictable compliance path. The main drag is Minnesota’s 10‑unit ownership cap, which limits larger‑scale investment, and typical life‑safety and reporting requirements add modest operational friction.
Local STR Agent
STR specialist · Faribault, MN
Faribault ( FAIR-boh) is a city in, and the county seat of, Rice County, Minnesota, United States. The population was 24,453 at the 2020 census. Faribault is approximately 50 miles (80 km) south of Minneapolis–Saint Paul. Interstate 35 and Minnesota State Highways 3, 21, and 60 are four of Faribault's main routes. Faribault is situated at the confluence of the Cannon and Straight Rivers in southern Minnesota.