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TownhouseResidential
$339,595$265 / 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 89How 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 $335,000 on Jul 17, 2025

2245 198TH ST W

FARIBAULT, MN 55021
3
Beds
3
Baths
1,283 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.
3,952 ft²
Lot SizeThe size of the land the home sits on, from county records.
2004
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$340K
$302K low$377K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$335,000 · Jul 17, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,862 (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.$341,200 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$60,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$281,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$328,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$341,200

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Townhouse
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountyRICE
Lot (acres)The size of the land the home sits on, from county records.0.09
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
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 140 ft²Patio · 140 ft²Porch · 30 ft²

Transaction History(5)

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.

E
Lincoln Elementary SchoolB-
Elementary · Grades KG–5 · 1.1 mi
H
Faribault High SchoolC
High · Grades 9–12 · 1.6 mi
M
Faribault Middle SchoolD
Middle · Grades 6–8 · 2.6 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%

Owner Tools

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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

2245 198th St W 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 72% of homes in Faribault 55021
  • Costs more per square foot than 84% of homes in Faribault 55021
  • Has a smaller lot than 92% of homes in Faribault 55021
  • Newer than 89% of 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
$102K$703K

This home is worth more than 72% 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$339,595
CheaperTypical $245,947Pricier

Pricier than 72% of homes nearby

Price per ft²$265
CheaperTypical $180Pricier

Pricier than 84% of homes nearby

Living area1,283 ft²
SmallerTypical 1,350 ft²Bigger

Bigger than 44% of homes nearby

Lot size3,952 ft²
SmallerTypical 0.3 acBigger

Bigger than 8% of homes nearby

Year built2004
OlderTypical 1972Newer

Newer than 89% of homes nearby

How 2245 198th St W ranks against every home in each area.
MeasureThis homeFaribault 55021Rice County
Estimated valuepricier than$339,59572% of homes62% of homes
Price per ft²pricier than$26584% of homes79% of homes
Living areabigger than1,283 ft²44% of homes37% of homes
Lot sizebigger than3,952 ft²8% of homes8% of homes
Year builtnewer than200489% of homes84% of homes

About 2245 198th St W

How much is 2245 198th St W, Faribault, MN worth?

The TopHap Estimate for 2245 198th St W, Faribault, MN is $339,595 as of Aug 30, 2026. The likely range is $302,211 to $376,979. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 2245 198th St W, Faribault, MN last sell?

2245 198th St W, Faribault, MN last sold on Jul 17, 2025 for $335,000, according to the county's recorded deed. TopHap holds 5 recorded sales for this parcel.

How big is 2245 198th St W, Faribault, MN?

2245 198th St W, Faribault, MN has 3 bedrooms, 3 bathrooms, 1,283 square feet of living space and a 0.09-acre lot.

When was 2245 198th St W, Faribault, MN built?

2245 198th St W, Faribault, MN was built in 2004, making it 22 years old. It is a townhouse home. The building has 1 story.

What schools serve 2245 198th St W, Faribault, MN?

2245 198th St W, Faribault, MN is assigned to Lincoln Elementary School (elementary), rated B-; Faribault High School (high), rated C; Faribault Middle School (middle), rated D. All sit in Faribault Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 2245 198th St W, Faribault, MN compare to other homes in Faribault 55021?

Among the 11,108 homes in Faribault 55021, it is worth more than 72% of them ($339,595 against a typical $245,947), its price per square foot is higher than 84% of them ($265 against a typical $180), it is bigger than 44% of them (1,283 ft² against a typical 1,350 ft²), its lot is bigger than 8% of them (3,952 ft² against a typical 0.3 ac) and it is newer than 89% of them (2004 against a typical 1972). Measured against all of Rice County, it is worth more than 62% 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 2245 198th St W, Faribault, MN?

The 2026 property tax bill for 2245 198th St W, Faribault, MN was $3,862. The county assessed it at $341,200.

More homes on 198th St W

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