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Multi-Family Dwellings (Generic, Any Combination)Residential

531 3RD ST NW

FARIBAULT, MN 55021
8
Beds
7 / 4
Baths
3,154 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.
0.24 ac
Lot SizeThe size of the land the home sits on, from county records.
1900
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
18
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,052 (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.$342,800 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$61,700
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$281,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$326,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$342,800

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.9 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.Multi-Family Dwellings (Generic, Any Combination)
CountyRICE
Lot (acres)The size of the land the home sits on, from county records.0.23
ConstructionThe main material the home's frame and walls are built from.Brick
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.None
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 · 49 ft²Patio · 192 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 · 0.6 mi
E
Roosevelt Elementary SchoolB+
Elementary · Grades KG–5 · 1.3 mi
M
Faribault Middle SchoolD
Middle · Grades 6–8 · 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.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

531 3rd St Nw 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.

  • Bigger than 97% of homes in Faribault 55021
  • Has a smaller lot than 72% of homes in Rice County
  • Older than 89% of homes in Rice County

How it measures up in Faribault 55021

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

Living area3,154 ft²
SmallerTypical 1,348 ft²Bigger

Bigger than 97% of homes nearby

Lot size0.24 ac
SmallerTypical 0.3 acBigger

Bigger than 33% of homes nearby

Year built1900
OlderTypical 1972Newer

Newer than 13% of homes nearby

How 531 3rd St Nw ranks against every home in each area.
MeasureThis homeFaribault 55021Rice County
Living areabigger than3,154 ft²97% of homes97% of homes
Lot sizebigger than0.24 ac33% of homes28% of homes
Year builtnewer than190013% of homes11% of homes

About 531 3rd St Nw

When did 531 3rd St Nw, Faribault, MN last sell?

531 3rd St Nw, Faribault, MN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 531 3rd St Nw, Faribault, MN?

531 3rd St Nw, Faribault, MN has 8 bedrooms, 7 bathrooms, 3,154 square feet of living space and a 0.23-acre lot.

When was 531 3rd St Nw, Faribault, MN built?

531 3rd St Nw, Faribault, MN was built in 1900, making it 126 years old. The building has 2 stories.

What schools serve 531 3rd St Nw, Faribault, MN?

531 3rd St Nw, Faribault, MN is assigned to Faribault High School (high), rated C; Roosevelt Elementary School (elementary), rated B+; 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 531 3rd St Nw, Faribault, MN compare to other homes in Faribault 55021?

Among the 11,106 homes in Faribault 55021, it is bigger than 97% of them (3,154 ft² against a typical 1,348 ft²), its lot is bigger than 33% of them (0.24 ac against a typical 0.3 ac) and it is newer than 13% of them (1900 against a typical 1972). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 531 3rd St Nw, Faribault, MN?

The 2026 property tax bill for 531 3rd St Nw, Faribault, MN was $5,052. The county assessed it at $342,800.

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