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Single Family ResidenceResidential
$259,980$200 / 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 Jul 14, 2026

509 8TH ST SW

FARIBAULT, MN 55021
3
Beds
1.5
Baths
1,298 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.
0.25 ac
Lot SizeThe size of the land the home sits on, from county records.
1953
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

$260K
$230K low$290K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$82,607
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$66,086
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.73%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$127,373
WELLS FARGO BANK · recorded Oct 11, 2005
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$50,000
WELLS FARGO BK

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,500 (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.$313,500 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$91,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$221,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$300,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$313,500

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.0.25
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.Mixed
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.Patio · 285 ft²Porch · 209 ft²

Transaction History(1)

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.

H
Faribault High SchoolC
High · Grades 9–12 · 0.4 mi
M
Faribault Middle SchoolD
Middle · Grades 6–8 · 0.9 mi
E
Roosevelt Elementary SchoolB+
Elementary · Grades KG–5 · 1.6 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.107
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.31,481
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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

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

509 8th St Sw 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.

  • Has a smaller lot than 68% of homes in Rice County
  • Older than 73% of homes in Rice County

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
$100K$695K

This home is worth more than 56% 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$259,980
CheaperTypical $239,965Pricier

Pricier than 56% of homes nearby

Price per ft²$200
CheaperTypical $177Pricier

Pricier than 62% of homes nearby

Living area1,298 ft²
SmallerTypical 1,352 ft²Bigger

Bigger than 46% of homes nearby

Lot size0.25 ac
SmallerTypical 0.3 acBigger

Bigger than 36% of homes nearby

Year built1953
OlderTypical 1972Newer

Newer than 33% of homes nearby

How 509 8th St Sw ranks against every home in each area.
MeasureThis homeFaribault 55021Rice County
Estimated valuepricier than$259,98056% of homes44% of homes
Price per ft²pricier than$20062% of homes56% of homes
Living areabigger than1,298 ft²46% of homes38% of homes
Lot sizebigger than0.25 ac36% of homes32% of homes
Year builtnewer than195333% of homes27% of homes

About 509 8th St Sw

How much is 509 8th St Sw, Faribault, MN worth?

The TopHap Estimate for 509 8th St Sw, Faribault, MN is $259,980 as of Jul 14, 2026. The likely range is $230,161 to $289,799. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 509 8th St Sw, Faribault, MN last sell?

509 8th St Sw, Faribault, MN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 509 8th St Sw, Faribault, MN?

509 8th St Sw, Faribault, MN has 3 bedrooms, 1.5 bathrooms, 1,298 square feet of living space and a 0.25-acre lot.

When was 509 8th St Sw, Faribault, MN built?

509 8th St Sw, Faribault, MN was built in 1953, making it 73 years old. It is a a-frame home. The building has 1 story.

What schools serve 509 8th St Sw, Faribault, MN?

509 8th St Sw, Faribault, MN is assigned to Faribault High School (high), rated C; Faribault Middle School (middle), rated D; 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 509 8th St Sw, Faribault, MN compare to other homes in Faribault 55021?

Among the 11,108 homes in Faribault 55021, it is worth more than 56% of them ($259,980 against a typical $239,965), its price per square foot is higher than 62% of them ($200 against a typical $177), it is bigger than 46% of them (1,298 ft² against a typical 1,352 ft²), its lot is bigger than 36% of them (0.25 ac against a typical 0.3 ac) and it is newer than 33% of them (1953 against a typical 1972). Measured against all of Rice County, it is worth more than 44% 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 509 8th St Sw, Faribault, MN?

The 2026 property tax bill for 509 8th St Sw, Faribault, MN was $3,500. The county assessed it at $313,500.

Closest homes

More homes in Faribault 55021

Assigned schools

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