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Real Estate Prices & Overview

Faribault West median real estate price is $265,886, which is more expensive than 28.1% of the neighborhoods in Minnesota and 33.3% of the neighborhoods in the U.S.

The average rental price in Faribault West is currently $1,816, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 43.6% of Minnesota neighborhoods.

Faribault West is a suburban neighborhood (based on population density) located in Faribault, Minnesota.

Faribault West real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Faribault West neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Faribault West are 3.8%, which is lower than one will find in 75.0% of American neighborhoods. Demand for real estate in Faribault West is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Modes of Transportation

In the Faribault West neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 26.9% of commuters carpool here, which is more than in 97.9% of all U.S. neighborhoods.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Faribault West neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Faribault West neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 59.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.9% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Diversity

Did you know that the Faribault West neighborhood has more French Canadian and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.9% of this neighborhood's residents have French Canadian ancestry and 12.8% have Sub-Saharan African ancestry.

Faribault West is also pretty special linguistically. Significantly, 0.3% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Faribault West neighborhood in Faribault are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 82.3% of U.S. neighborhoods. With 29.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Faribault West neighborhood, 33.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.9% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.4%), and 10.9% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Faribault West neighborhood is English, spoken by 76.2% of households. Other important languages spoken here include Spanish, Polish and African languages.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Faribault West neighborhood in Faribault, MN, residents most commonly identify their ethnicity or ancestry as German (23.6%). There are also a number of people of Sub-Saharan African ancestry (12.8%), and residents who report Mexican roots (11.3%), and some of the residents are also of Norwegian ancestry (6.7%), along with some English ancestry residents (6.0%), among others. In addition, 15.0% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Faribault West neighborhood spend under 15 minutes commuting one-way to work (59.5% of working residents), one of the shortest commutes across America.

Here most residents (65.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (26.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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