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Faribault has 7,472 houses and apartments. Of the houses, apartments, etc. in the city, about 73% are lived in by their owners, not renters.
In Faribault, 73% of housing owners are paying off a mortgage. It's about 18% of homeowners in the city that use a second mortgage or home equity loan.
Mortgage and interest rate quotes for the Faribault area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 27% |
| With A Mortgage | 73% |
| First Mortgage Only | 55% |
| Second Mortgage or Home Equity Loan | 18% |
| Second Mortgage Only | 9% |
| Home Equity Loan Only | 8% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 18.8% |
| Median Real Estate Taxes (2000) | $1,153 |
| Category | Value |
|---|---|
| Total Occupied | 7,472 |
| 1-Person Households | 29% |
| 2-Person Households | 32% |
| 3-Person Households | 15% |
| 4-Person Households | 14% |
| 5-Person Households | 7% |
| 6-Person Households | 3% |
| 7+-Person Households | 1% |
| Category | Value |
|---|---|
| Median Year Built | 1963 |
| Median Year Built (Owner Occupied) | 1962 |
| Median Year Built (Renter Occupied) | 1965 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 93% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 5% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 1% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 5% |
| 2 Bedrooms | 22% |
| 3 Bedrooms | 50% |
| 4 Bedrooms | 19% |
| 5+ Bedrooms | 3% |
Rate quotes from multiple lenders for the Faribault area:
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