The property at 1020 8th Street SW, Faribault, MN 55021, built in 1963, is a 4,711 square foot Single Family and has 5 bedrooms and 2 bathrooms. It is situated on a lot that is 32,670 square feet and was last tax assessed in 2025 for a valuation of $528,200
The estimate for this property has experienced a -2.3% decrease in the past 6 months reaching a value of $554,934.
Property Tax History
Source: Public Records
| Year | Assessment |
|---|---|
| 2023 | $497,700 +6.14% |
| 2022 | $468,900 +12.42% |
| 2021 | $417,100 +6.00% |
| 2020 | $393,500 +13.34% |
| 2019 | $347,200 +10.26% |
| 2018 | $314,900 +2.54% |
| 2017 | $307,100 +1.15% |
| 2016 | $303,600 -0.13% |
| 2015 | $304,000 +5.30% |
| 2014 | $288,700 |
Valuation History
Source: Public Records
| Month | Valuation | Single Family Homes Sold | Median Sales Price/Sqft |
|---|---|---|---|
| Dec 2025 | $554,934 | - | - |
| Nov 2025 | $565,422 | - | - |
| Oct 2025 | $544,380 | - | - |
| Sep 2025 | $563,678 | - | - |
| Aug 2025 | $560,612 | - | - |
| Jul 2025 | $562,030 | - | - |
| Jun 2025 | $563,550 | - | - |
| May 2025 | $568,002 | - | - |
| Apr 2025 | $578,930 | - | - |
| Mar 2025 | $594,491 | - | - |
| Feb 2025 | $598,850 | - | - |
| Jan 2025 | $601,584 | - | - |
| Dec 2024 | $619,389 | - | - |
| Nov 2024 | $629,764 | - | - |
| Oct 2024 | $651,642 | - | - |
| Sep 2024 | $633,688 | - | - |
| Aug 2024 | $649,930 | - | - |
| Jul 2024 | $644,796 | - | - |
| Jun 2024 | $654,764 | - | - |
| May 2024 | $657,253 | - | - |
| Apr 2024 | $666,626 | - | - |
| Mar 2024 | $666,184 | - | - |
| Feb 2024 | $661,788 | - | - |
| Jan 2024 | $648,024 | - | - |
| Dec 2023 | $652,369 | - | - |
| Nov 2023 | $651,970 | - | - |
| Oct 2023 | $652,636 | - | - |
| Sep 2023 | $655,818 | - | - |
| Aug 2023 | $492,329 | - | - |
| Jul 2023 | $503,086 | - | - |
| Jun 2023 | $491,370 | - | - |
| May 2023 | $510,790 | - | - |
| Apr 2023 | $508,914 | - | - |
| Mar 2023 | $504,039 | - | - |
| Feb 2023 | $395,600 | - | - |
| Jan 2023 | $466,200 | - | - |
*Market History, including Median Sales Price per square foot, and Single Family Homes Sold is based on historical data of Zip Code: 55021 - MN
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 31,087 | 24,489 | 68,321 | 335,858,263 |
| Population Density | 177 | 1,602 | 138 | 95 |
| People per Household | 2.5 | 2.5 | 2.6 | 2.6 |
| Median Age | 39.4 | 37.7 | 36.8 | 39.1 |
| Median Income | $61,907 | $53,759 | $70,893 | $66,222 |
| Average Income | $29,624 | $26,013 | $32,536 | $35,475 |
| Cost of Living Index | 103 | 100 | 107 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 1.3°F | 1.3°F | 1.3°F | 22.6°F |
| July Avg. High Temp | 83°F | 83°F | 83°F | 86.2°F |
| Annual Precipitation | 31.64" | 31.64" | 31.64" | 38" |
Nearby Properties
-
$339,000 Active3 bds • 3 ba • 1,484 sqft
412 Prairie Avenue, Faribault, MN 55021
Discover a truly one-of-a-kind home offering remarkable flexibility and comfort for families of all sizes and generations. This extensively remodeled 1.5-story original residence features a stunning transformation, including a substantial 24 x 36 gar...Listing by: True Life Real Estate Solution -
$339,000 Active3 bds • 3 ba • 1,484 sqft
412 Prairie Avenue, Faribault, MN 55021
Discover a truly one-of-a-kind home offering remarkable flexibility and comfort for families of all sizes and generations. This extensively remodeled 1.5-story original residence features a stunning transformation, including a substantial 24 x 36 gar...Listing by: Rodney D Tietz - True Life Real Estate Solution -
$289,900 Active3 bds • 2 ba • 1,800 sqft
821 Valley View Road, Faribault, MN 55021
Welcome to this exceptional 3-bedroom, 2-bath split-level home that perfectly blends comfort and functionality. Step inside to find bright, open living spaces with plenty of natural light, ideal for relaxing or entertaining. The kitchen with a new d...Listing by: Richard (Rick) Tonjum - Edina Realty, Inc. -
$289,900 Active3 bds • 2 ba • 1,800 sqft
821 Valley View Road, Faribault, MN 55021
Welcome to this exceptional 3-bedroom, 2-bath split-level home that perfectly blends comfort and functionality. Step inside to find bright, open living spaces with plenty of natural light, ideal for relaxing or entertaining. The kitchen with a new d...Listing by: Edina Realty, Inc. -
$365,000 Active6 bds • 3 ba • 3,118 sqft
1022 3rd Street SW, Faribault, MN 55021
Discover this exceptional six-bedroom rambler offering three beautifully remodeled bathrooms. This spacious home blends comfort, style, and functionality. The open-concept kitchen features abundant counter space and flows seamlessly into the huge din...Listing by: Edina Realty, Inc. -
$365,000 Active6 bds • 3 ba • 3,118 sqft
1022 3rd Street SW, Faribault, MN 55021
Discover this exceptional six-bedroom rambler offering three beautifully remodeled bathrooms. This spacious home blends comfort, style, and functionality. The open-concept kitchen features abundant counter space and flows seamlessly into the huge din...Listing by: Mary Ellen Bondhus - Edina Realty, Inc. -
$650,000 Active Under Contract0 bds • 0 ba • 5,950 sqft
1150 3rd Street SW, Faribault, MN 55021
Endless Potential in Prime Faribault Location – Ideal for Student Housing, Assisted Living, or Hospitality Use. Positioned directly across from South Central College’s Faribault Campus, this versatile property presents a rare opportunity for a wide r...Listing by: Edina Realty, Inc. -
$650,000 Active0 bds • 0 ba • sqft
1150 3rd Street SW, Faribault, MN 55021
Endless Potential in Prime Faribault Location – Ideal for Student Housing, Assisted Living, or Hospitality Use. Positioned directly across from South Central College’s Faribault Campus, this versatile property presents a rare opportunity for a wide r...Listing by: Mark S Erickson - Edina Realty, Inc. -
$240,000 Active3 bds • 2 ba • 1,630 sqft
1426 Eden Lane, Faribault, MN 55021
This beautifully maintained rambler features durable, creamy-yellow maintenance-free metal siding with an inviting brick accent framing the front entry—full of curb appeal! Outside the kitchen and garage area, enjoy a private patio perfect for grilli...Listing by: Edina Realty, Inc. -
$240,000 Active3 bds • 2 ba • 1,630 sqft
1426 Eden Lane, Faribault, MN 55021
This beautifully maintained rambler features durable, creamy-yellow maintenance-free metal siding with an inviting brick accent framing the front entry—full of curb appeal! Outside the kitchen and garage area, enjoy a private patio perfect for grilli...Listing by: Katherine Kalow - Edina Realty, Inc. -
$255,000 Active4 bds • 1 ba • 1,196 sqft
1032 Valley View Road, Faribault, MN 55021
Charming 4-bedroom rambler featuring a full bath and 3 bedrooms on the main level, freshly painted throughout with brand new carpet and LVP. Large 4th bedroom located on the lower level has the option to customize the rest to your liking. Enjoy pea...Listing by: Richard (Rick) Tonjum - Edina Realty, Inc. -
$255,000 Active4 bds • 1 ba • 1,196 sqft
1032 Valley View Road, Faribault, MN 55021
Charming 4-bedroom rambler featuring a full bath and 3 bedrooms on the main level, freshly painted throughout with brand new carpet and LVP. Large 4th bedroom located on the lower level has the option to customize the rest to your liking. Enjoy pea...Listing by: Edina Realty, Inc. -
$5 Active0 bds • 0 ba • sqft
201 Lyndale Avenue S, Faribault, MN 55021
Great prime office, retail or flex space available. Up to 23,000 SF available. Suites of smaller sizes available. Call for options.Listing by: Matthew J Steeves - MDC Real Estate Services -
$5 Active0 bds • 0 ba • sqft
201 Lyndale Avenue S, Faribault, MN 55021
Great prime office, retail or flex space available. Up to 23,000 SF available. Suites of smaller sizes available. Call for options.Listing by: MDC Real Estate Services -
$269,900 Active3 bds • 2 ba • 1,534 sqft
1124 8th Avenue SW, Faribault, MN 55021
Nestled in a quiet, friendly neighborhood, this beautifully maintained 3-bedroom, 2-bath home offers the perfect blend of comfort, charm and tranquility. From the moment you arrive, you’ll be welcomed by a vibrant, flowering landscape that bursts wit...Listing by: Edina Realty, Inc. -
$269,900 Active3 bds • 2 ba • 1,534 sqft
1124 8th Avenue SW, Faribault, MN 55021
Nestled in a quiet, friendly neighborhood, this beautifully maintained 3-bedroom, 2-bath home offers the perfect blend of comfort, charm and tranquility. From the moment you arrive, you’ll be welcomed by a vibrant, flowering landscape that bursts wit...Listing by: Richard (Rick) Tonjum - Edina Realty, Inc. -
New$269,700 Active4 bds • 2 ba • 1,622 sqft
1221 Home Place, Faribault, MN 55021
Listing by: Scott A Nelson - Edina Realty, Inc. -
New$269,700 Active4 bds • 2 ba • 1,622 sqft
1221 Home Place, Faribault, MN 55021
Listing by: Edina Realty, Inc. -
$699,000 Active0 bds • 0 ba • sqft
1416 Division Street W, Faribault, MN 55021
This property offers exceptional visibility and high traffic, making it perfect for a variety of uses. Whether you’re looking to redevelop the site or open your own restaurant, the property provides outstanding potential in a sought-after location.Listing by: Matthew J Steeves - MDC Real Estate Services -
$699,000 Active0 bds • 0 ba • 2,646 sqft
1416 Division Street W, Faribault, MN 55021
This property offers exceptional visibility and high traffic, making it perfect for a variety of uses. Whether you’re looking to redevelop the site or open your own restaurant, the property provides outstanding potential in a sought-after location.Listing by: MDC Real Estate Services
Nearby Locations
Communities
- Downtown Faribault Homes For Sale
- South Central Farmington Homes For Sale
- Downtown Farmington Homes For Sale
- West Rural Farmington Homes For Sale
- Central Farmington Homes For Sale
- North Central Farmington Homes For Sale
- North East Farmington Homes For Sale
- Downtown Prior Lake Homes For Sale
- Bloomfield Homes For Sale
- River Woods Homes For Sale
- Barden Homes For Sale
- Cedar Grove Homes For Sale
- Downtown Shakopee Homes For Sale
- Wescott Homes For Sale
- Nicols Homes For Sale
- Atwood Homes For Sale
- Southwest Richfield Homes For Sale
- Southeast Richfield Homes For Sale
- Downtown Chaska Homes For Sale
- Northwest Richfield Homes For Sale
Nearby Zips
- 55021 Homes For Sale
- 55019 Homes For Sale
- 55052 Homes For Sale
- 55046 Homes For Sale
- 55057 Homes For Sale
- 55060 Homes For Sale
- 56052 Homes For Sale
- 55054 Homes For Sale
- 56069 Homes For Sale
- 55020 Homes For Sale
- 56096 Homes For Sale
- 56093 Homes For Sale
- 55946 Homes For Sale
- 55044 Homes For Sale
- 55024 Homes For Sale
- 56071 Homes For Sale
- 55372 Homes For Sale
- 55985 Homes For Sale
- 56026 Homes For Sale
- 55306 Homes For Sale
Nearby Cities
- Faribault, MN Homes for Sale
- Northfield, MN Homes for Sale
- Owatonna, MN Homes for Sale
- Lakeville, MN Homes for Sale
- Farmington, MN Homes for Sale
- Prior Lake, MN Homes for Sale
- Apple Valley, MN Homes for Sale
- Savage, MN Homes for Sale
- Burnsville, MN Homes for Sale
- Rosemount, MN Homes for Sale
- Shakopee, MN Homes for Sale
- Bloomington, MN Homes for Sale
- Eagan, MN Homes for Sale
- Eden Prairie, MN Homes for Sale
- Richfield, MN Homes for Sale
- Inver Grove Heights, MN Homes for Sale
- Edina, MN Homes for Sale
- Chaska, MN Homes for Sale
- Mendota Heights, MN Homes for Sale
- Chanhassen, MN Homes for Sale
Similar Searches
- Faribault Land for Sale
- Faribault New Homes for Sale
- Faribault Single Story Homes for Sale
- Faribault Homes with Pools for Sale
- Faribault Cheap Homes for Sale
- Faribault Luxury Homes for Sale
- Faribault Condos for Sale
- Faribault Town Homes for Sale
- Faribault Commercial for Sale
- Faribault Open Houses for Sale
- Faribault Two Car Garage Homes for Sale
- Faribault Large Lots for Sale