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Single Family ResidenceResidential
$320,560$159 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $53,000 on Oct 25, 2023

1002 REED AVE

FARIBAULT, MN 55021
3
Beds
3 / 2
Baths
2,016 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.51 ac
Lot SizeThe size of the land the home sits on, from county records.
2024
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$321K
$304K low$338K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$53,000 · Oct 25, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,526 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$504,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$95,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$408,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$527,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$504,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.13 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.A-Frame
CountyRICE
Lot (acres)The size of the land the home sits on, from county records.0.51
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Faribault Middle SchoolD
Middle · Grades 6–8 · 0.7 mi
H
Faribault High SchoolC
High · Grades 9–12 · 0.8 mi
E
Roosevelt Elementary SchoolB+
Elementary · Grades KG–5 · 1.7 mi

District: Faribault Public School District

Neighborhood · ZIP 55021These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.106
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.82
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.31,482
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.164 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$67,981
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$90,459
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

1002 Reed Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 69% of homes in Faribault 55021
  • Costs less per square foot than 73% of homes in Rice County
  • Bigger than 85% of homes in Faribault 55021
  • Has a bigger lot than 66% of homes in Faribault 55021
  • Among the newest homes in Faribault 55021

What homes are worth in Faribault 55021

Each bar is how many homes fall in that price range. The marker is this home.

This home
$103K$713K

This home is worth more than 69% of homes in Faribault 55021.

How it measures up in Faribault 55021

The dot is this home. The mark in the middle is the typical home in Faribault 55021.

Estimated value$320,560
CheaperTypical $246,529Pricier

Pricier than 69% of homes nearby

Price per ft²$159
CheaperTypical $181Pricier

Pricier than 37% of homes nearby

Living area2,016 ft²
SmallerTypical 1,350 ft²Bigger

Bigger than 85% of homes nearby

Lot size0.51 ac
SmallerTypical 0.3 acBigger

Bigger than 66% of homes nearby

Year built2024
OlderTypical 1972Newer

Newer than almost all homes nearby

How 1002 Reed Ave ranks against every home in each area.
MeasureThis homeFaribault 55021Rice County
Estimated valuepricier than$320,56069% of homes58% of homes
Price per ft²pricier than$15937% of homes27% of homes
Living areabigger than2,016 ft²85% of homes82% of homes
Lot sizebigger than0.51 ac66% of homes62% of homes
Year builtnewer than2024almost all homesalmost all homes

About 1002 Reed Ave

How much is 1002 Reed Ave, Faribault, MN worth?

The TopHap Estimate for 1002 Reed Ave, Faribault, MN is $320,560 as of Aug 30, 2026. The likely range is $303,532 to $337,588. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 1002 Reed Ave, Faribault, MN last sell?

1002 Reed Ave, Faribault, MN last sold on Oct 25, 2023 for $53,000, according to the county's recorded deed.

How big is 1002 Reed Ave, Faribault, MN?

1002 Reed Ave, Faribault, MN has 3 bedrooms, 3 bathrooms, 2,016 square feet of living space and a 0.51-acre lot.

When was 1002 Reed Ave, Faribault, MN built?

1002 Reed Ave, Faribault, MN was built in 2024, making it 2 years old. It is a a-frame home. The building has 1 story.

What schools serve 1002 Reed Ave, Faribault, MN?

1002 Reed Ave, Faribault, MN is assigned to Faribault Middle School (middle), rated D; Faribault High School (high), rated C; Roosevelt Elementary School (elementary), rated B+. All sit in Faribault Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1002 Reed Ave, Faribault, MN compare to other homes in Faribault 55021?

Among the 11,108 homes in Faribault 55021, it is worth more than 69% of them ($320,560 against a typical $246,529), its price per square foot is higher than 37% of them ($159 against a typical $181), it is bigger than 85% of them (2,016 ft² against a typical 1,350 ft²), its lot is bigger than 66% of them (0.51 ac against a typical 0.3 ac) and it is newer than almost all of them (2024 against a typical 1972). Measured against all of Rice County, it is worth more than 58% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1002 Reed Ave, Faribault, MN?

The 2026 property tax bill for 1002 Reed Ave, Faribault, MN was $6,526. The county assessed it at $504,000.

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