Faribault Homes under $400,000

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 perfect blend of history, culture, and outdoor adventure. With its picturesque landscapes and friendly neighborhoods, it’s no wonder that families and individuals alike are drawn to this welcoming city.

Faribault boasts a rich heritage, showcased in its historic architecture and local attractions. Take a stroll through the downtown area, where you'll find unique shops, delightful eateries, and the stunning Faribault Woolen Mill, a testament to the city’s industrious past. Nature enthusiasts will revel in the nearby parks and trails, including the scenic River Bend Nature Center, which offers an array of recreational activities such as hiking, bird watching, and picnicking.

When it comes to housing, Faribault presents an exceptional opportunity for homebuyers looking for value. With a diverse selection of homes available for under $400,000, you can find the perfect place to call home without breaking the bank. From charming single-family homes with spacious yards to cozy townhouses that offer low-maintenance living, there’s something for everyone in this thriving market.

Whether you’re a first-time buyer or looking to settle down in a nurturing community, Faribault is ready to welcome you with open arms. Experience the warmth of this delightful city, where your dream home awaits!

Newest Faribault Homes under $400,000

$259,900

4 Beds ⋅ 1 Baths ⋅ 7154569 MLS

This 4BR/1BA home is full of character and great space. Three bedrooms and a full bath sit together on the upper level, while the main floor offers a welcoming kitchen, dining room, living room and a handy laundry/mudroom. Enjoy a deep, private backyard from the deck, plus a shed and 2-car garage. The lower level adds a 4th bedroom, making this home a great fit for a variety of needs.

1427 Central Avenue N, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$395,000

3 Beds ⋅ 3 Baths ⋅ 7157844 MLS

* One Level Living ** Enjoy the golf course views from this spacious townhome, perfectly positioned to overlook the rolling fairways and manicured greens. The bright, open main level features All Living Facilities needed; including vaulted ceilings, abundant natural light, a primary bedroom with private en suite bathroom and a primary bedroom with private en suite bathroom and an overall comfortable layout designed for easy living. The kitchen offers generous cabinetry, ample counter space and a convenient breakfast bar, opening to the dining and living areas. Large windows throughout the home capture the peaceful setting and bring the outdoors in. The finished lower level provides additional room to relax or gather, complete with a cozy fireplace, walkout access and expansive windows overlooking the backyard and golf course. The oversized 3rd bedroom, third bathroom And large storage room complete the lower level perfectly!Multiple living spaces offer flexibility for a home office, private guest area, hobbies and so much more. Additional highlights include spacious bedrooms, multiple bathrooms, primary bedroom en suite bathroom, an attached two-car garage and a private sun drenched patio where you can unwind while enjoying the wide-open views.

2007 14th Street NE, Faribault

Listing courtesy of Pemberton RE.

$179,900

3 Beds ⋅ 1 Baths ⋅ 7154720 MLS

Classic charm meets inviting indoor and outdoor living in this character-filled home! A bright, enclosed front porch welcomes you inside, where hardwood floors, wide trim, and a beautiful staircase showcase the home’s timeless appeal. The comfortable living room connects to a spacious dining room and office. Creating a welcoming setting for everyday living and entertaining. The kitchen features rich wood cabinetry, stainless steel appliances, generous storage, and ample counter space. A separate office offers a convenient place to work or pursue hobbies. Upstairs features all the bedrooms and bathroom. Enjoy a spacious backyard with mature trees, an elevated deck for outdoor dining, and a paver patio with a fire pit. From morning coffee on the front porch to relaxing evenings in the backyard, there’s so much to enjoy!

805 1st Street SW, Faribault

Listing courtesy of eXp Realty.

$235,000

3 Beds ⋅ 2 Baths ⋅ 7155753 MLS

Welcome to a home that feels inviting from the moment you arrive. This beautifully designed 3-bedroom, 2-bath home offers a comfortable layout and a wonderful corner-lot setting with space to truly enjoy everyday life. Please note, stylish wallpaper in kitchen and upper level is easily removed by just pulling off. (peel & Stick) Step outside onto the spacious deck and take in the peaceful, private backyard—perfect for morning coffee, summer gatherings, or unwinding at the end of the day. The oversized 2-car garage provides room for vehicles, storage, hobbies, and more, with 220 electrical service for added versatility. Newer windows, furnace, and A/C offer added peace of mind. Thoughtfully designed, wonderfully cared for, and filled with possibilities, this is the kind of home where memories are made. Possible assumable loan with qualifying, contact listing agent for details!

1229 1st Avenue NE, Faribault

Listing courtesy of Edina Realty, Inc..

$265,000

3 Beds ⋅ 2 Baths ⋅ 7155619 MLS

Welcome to a truly special Faribault home that has been lovingly cared for by the same family for 52 years! This 3-bedroom, 2-bath home has been meticulously maintained and thoughtfully cared for over the years. The interior offers a comfortable and functional layout, including a super-functional kitchen with plenty of space to prepare meals and enjoy everyday living. The unfinished basement provides additional square footage and offers excellent potential for future living space, a recreation room, workshop, storage, or whatever best fits your needs. Outside, the property continues to impress with an amazing yard featuring a beautiful water feature and patio area—creating a peaceful space to relax, entertain, and enjoy the outdoors. The oversized 2-car attached garage includes an entire upper level of storage, while the detached 1-car garage with workshop provides even more room for hobbies, projects, storage, or additional vehicles. This is a home that has truly been loved and exceptionally well cared for. After 52 years of ownership and memories, it is ready for its next chapter!

908 8th Avenue SW, Faribault

Listing courtesy of Real Broker, LLC.

$399,900

4 Beds ⋅ 3 Baths ⋅ 7152021 MLS

Welcome to this spacious split-level home situated on a beautiful half acre lot overlooking the 12th Fairway of the legacy golf course. This 4- Bedroom, 2- Bath home offers plenty of room both inside and out, along with numerous updates and desirable features. The main living area features a large , open- concept layout connecting the living room, dining area, and kitchen, creating a welcoming space for everyday living and entertaining. Step outside to enjoy the spacious fenced- in backyard, perfect for relaxing , entertaining, gardening, or enjoying the golf course surroundings. The deck has been re- stained and features steps with new stringers & railings, providing a great outdoor space to enjoy the view. Additional updates include a new roof that will be installed in October 2026. With its generous lot, golf- course location, open living spaces, ample storage, and recent improvements, this home offers a wonderful combination of comfort, space, and outdoor living! A must see!

1428 11th Avenue NE, Faribault

Listing courtesy of Edina Realty, Inc..

$324,900

4 Beds ⋅ 2 Baths ⋅ 7144771 MLS

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..

$360,000

4 Beds ⋅ 2 Baths ⋅ 7153521 MLS

Enjoy the best of both worlds with this charming 4-bedroom, 2-bathroom four-level split brick home, located approximately 50 minutes south of the Twin Cities with easy access to I-35W. Situated on nearly half an acre, this property offers plenty of space both inside and out, with a backyard that feels wonderfully private and country-like. A wooded back border creates a peaceful natural setting and adds to the sense of seclusion. Inside, you'll find a functional four-level split layout with room for everyone. The kitchen opens to a bright sunroom featuring a cozy gas fireplace, creating a welcoming space to relax or gather with friends and family. A new French door was installed between the kitchen and sunroom in 2025, adding both style and easy access between the spaces. Major updates provide added peace of mind, including a new roof and new central air conditioning, both completed in 2025. The two-car garage provides convenient parking and storage, while the generous lot offers plenty of room to enjoy the outdoors. A great opportunity to enjoy space, privacy and a peaceful setting while remaining conveniently accessible to the Twin Cities via I-35W. Come see all this well-maintained home has to offer!

2130 198th Street W, Faribault

Listing courtesy of Keller Williams Preferred Rlty.

$275,000

4 Beds ⋅ 2 Baths ⋅ 7148050 MLS

Opportunity is knocking! 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.

$379,900

4 Beds ⋅ 2 Baths ⋅ 7152842 MLS

Step into this beautifully updated residence, where modern improvements, inviting interiors, and an exceptional location come together to create a truly special place to call home. Recent exterior upgrades include a brand-new roof installed in 2026, newer gutters, and a newer air-conditioning unit. Inside, fresh paint creates a bright, welcoming atmosphere, while rich, high-quality laminate wood flooring flows throughout the main living areas and newer carpeting adds warmth and comfort to the bedrooms. The thoughtfully renovated kitchen blends style with everyday functionality, offering an attractive and practical setting for cooking, gathering, and entertaining. With four spacious bedrooms and two bathrooms, the home provides plenty of room for comfortable daily living. Luxurious in-floor heating in the bathroom offers a cozy retreat during Minnesota’s colder months. Set on nearly half an acre in one of Faribault’s most sought-after neighborhoods, the property offers an appealing sense of space and privacy without sacrificing convenience. Located just minutes from Shattuck-St. Mary’s School and the Legacy Golf Club, this home places premier local amenities within easy reach while maintaining the tranquility of a peaceful residential setting. From its extensive updates and generous lot to its desirable location, this move-in-ready home offers a remarkable blend of modern comfort, timeless appeal, and everyday convenience.

1320 11th Avenue NE, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$310,000

3 Beds ⋅ 2 Baths ⋅ 7148232 MLS

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

2 Beds ⋅ 1 Baths ⋅ 7152382 MLS

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.

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