Rice County Homes under $400,000

Welcome to Rice County, Minnesota, a hidden gem that perfectly blends small-town charm with modern conveniences. Nestled in the heart of southern Minnesota, Rice County offers a rich tapestry of natural beauty and vibrant community life. With its picturesque landscapes, including lush parks, serene lakes, and rolling hills, it’s no wonder that families and individuals are drawn to this welcoming area.

One of the most appealing aspects of Rice County is its diverse range of housing options, particularly for those seeking homes under $400,000. Whether you’re a first-time homebuyer, looking to downsize, or searching for a cozy family home, Rice County has something for everyone. The real estate market here features a variety of styles, from charming single-family homes to modern townhouses, all at affordable prices. With the average home price well within reach, you can enjoy the benefits of homeownership without breaking the bank.

Beyond the homes, Rice County boasts a strong sense of community, with excellent schools, local shops, and a variety of recreational activities. Residents can enjoy hiking, fishing, and biking in the many parks and trails that dot the landscape. Additionally, the county hosts numerous community events throughout the year, from farmers' markets to seasonal festivals, ensuring there’s always something to engage with.

Choosing Rice County means choosing a lifestyle filled with warmth, community spirit, and the comfort of knowing you’ve found a place to call home. With homes under $400,000, now is the perfect time to explore the possibilities and discover your dream home in this enchanting corner of Minnesota.

Newest Rice County Homes under $400,000

$399,900

4 Beds ⋅ 7152021 MLS

Welcome to this spacious split-level home situated on a beautiful half acre lot overlooking the 12th Fairway of the legacy golf course. This 4- Bedroom, 2- Bath home offers plenty of room both inside and out, along with numerous updates and desirable features. The main living area features a large , open- concept layout connecting the living room, dining area, and kitchen, creating a welcoming space for everyday living and entertaining. Step outside to enjoy the spacious fenced- in backyard, perfect for relaxing , entertaining, gardening, or enjoying the golf course surroundings. The deck has been re- stained and features steps with new stringers & railings, providing a great outdoor space to enjoy the view. Additional updates include a new roof that will be installed in October 2026. With its generous lot, golf- course location, open living spaces, ample storage, and recent improvements, this home offers a wonderful combination of comfort, space, and outdoor living! A must see!

1428 11th Avenue NE, Faribault

Listing courtesy of Edina Realty, Inc..

$324,900

4 Beds ⋅ 2 Baths ⋅ 7144771 MLS

Well-maintained and lovingly cared for over the past 39 years, this spacious two-story home offers comfort, functionality, and plenty of room to grow. Featuring 4 spacious bedrooms, 2 bathrooms, and a 2-car garage, this home provides ample space for family and guests. The inviting backyard is a wonderful place to relax, entertain, and enjoy time outdoors. Inside, you’ll find generous storage space throughout, making it easy to keep everything organized. The home features a new roof in May, 2026. With its spacious layout, great outdoor space, and decades of prideful ownership, this home is ready for its next chapter!

1100 Mitchell Drive, Faribault

Listing courtesy of Edina Realty, Inc..

$360,000

4 Beds ⋅ 2 Baths ⋅ 7153521 MLS

Enjoy the best of both worlds with this charming 4-bedroom, 2-bathroom four-level split brick home, located approximately 50 minutes south of the Twin Cities with easy access to I-35W. Situated on nearly half an acre, this property offers plenty of space both inside and out, with a backyard that feels wonderfully private and country-like. A wooded back border creates a peaceful natural setting and adds to the sense of seclusion. Inside, you'll find a functional four-level split layout with room for everyone. The kitchen opens to a bright sunroom featuring a cozy gas fireplace, creating a welcoming space to relax or gather with friends and family. A new French door was installed between the kitchen and sunroom in 2025, adding both style and easy access between the spaces. Major updates provide added peace of mind, including a new roof and new central air conditioning, both completed in 2025. The two-car garage provides convenient parking and storage, while the generous lot offers plenty of room to enjoy the outdoors. A great opportunity to enjoy space, privacy and a peaceful setting while remaining conveniently accessible to the Twin Cities via I-35W. Come see all this well-maintained home has to offer!

2130 198th Street W, Faribault

Listing courtesy of Keller Williams Preferred Rlty.

$275,000

4 Beds ⋅ 2 Baths ⋅ 7148050 MLS

Opportunity is knocking at 849 8th Avenue SW! This spacious Faribault rambler offers 4 bedrooms on one level, over 2,200 square feet on the main floor, an attached 2-car garage, and a large corner lot; all ready for its next owner to bring their vision and give it the glow-up it deserves! Inside, you’ll find an incredibly spacious and versatile floor plan with hardwood floors throughout much of the main level, including hardwood hidden beneath the living room carpet. The massive primary bedroom and three additional bedrooms are all conveniently located on one level. Multiple living spaces provide plenty of room to spread out, including a large main-level family room with vaulted ceilings and one of the home’s two fireplaces. Built-in cabinetry and hutches add character and valuable storage throughout. Main level and lower level family rooms, two fireplaces, generous room sizes, abundant storage, and an amazing primary bedroom are but a few reasons making this home an incredible foundation for updating, remodeling, and creating something truly special! Outside, enjoy the large corner lot, patio, garden space, alley access, and attached 2-car garage with plenty of room for vehicles and storage. Conveniently located near Faribault Senior High School, Jefferson Elementary, Bethlehem Academy, parks, shopping, restaurants, and everyday amenities, this property combines space, location, character, and tremendous potential. If you’ve been searching for a spacious Faribault rambler with 4 bedrooms on one level and the opportunity to build equity through updates, this is one you won’t want to miss!

849 8th Avenue SW, Faribault

Listing courtesy of RE/MAX Advantage Plus.

$299,900

3 Beds ⋅ 1 Baths ⋅ 7152579 MLS

This charming 3-bedroom, 1-bath home is located in Northfield’s premier location not far Carleton College and down town. Inside, a spacious living room and open kitchen provide comfortable space for daily living and entertaining. Enjoy relaxing evenings in your private back yard with room for flowers and vegetable garden areas. Home has new flooring, stainless steel appliances, fresh paint, granite countertops and so much more.

700 Nevada Street, Northfield

Listing courtesy of Real Broker, LLC.

$279,900

4 Beds ⋅ 2 Baths ⋅ 7151971 MLS

Welcome to this beautifully updated 4-bedroom, 2-bathroom home offering a perfect blend of classic charm and modern convenience. The main level features refinished hardwood floors that flow seamlessly throughout the space, creating a warm and inviting atmosphere. Here, you will find three spacious bedrooms on one level alongside a bright kitchen fully equipped with stainless steel appliances. The finished lower level significantly expands your living space, boasting a walkout basement that opens directly to the backyard. This level also includes a fourth bedroom, a convenient 3/4 bathroom, and ample storage space to keep everything organized. Rest easy knowing major mechanicals and structural components have been recently updated, including a brand-new roof (2026) and central air conditioning (2024) for year-round comfort. Situated in a highly desirable neighborhood, this home offers fantastic outdoor access with its close proximity to the Riverbend Nature Center. Do not miss the opportunity to make this turn-key property your own.

120 Brand Avenue, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$349,000

3 Beds ⋅ 2 Baths ⋅ 7150893 MLS

Set along a quiet, tree-lined street with a neighborhood park as its backyard, this spacious split-level offers you all the best in location and lifestyle. Key attributes of this open floorplan include an upper-level with large living room and separate dining room; sunny kitchen with center island and breakfast bar; three-season porch with adjoining maintenance-free deck; two large bedrooms with premium window treatments and a nicely appointed full bath. The finished, walkout lower level features a huge amusement room with separate barroom and gas-burning fireplace; oversized third bedroom with windows on three sides; three-quarter bath with dual points of access ... plus newer utilities including an EnergyStar tankless water heater. All just minutes away from outstanding schools, shopping, recreation, entertainment and popular commuting routes. Schedule your showing today!

1109 Elm Street, Northfield

Listing courtesy of RE/MAX Results.

$379,900

4 Beds ⋅ 2 Baths ⋅ 7152842 MLS

Step into this beautifully updated residence, where modern improvements, inviting interiors, and an exceptional location come together to create a truly special place to call home. Recent exterior upgrades include a brand-new roof installed in 2026, newer gutters, and a newer air-conditioning unit. Inside, fresh paint creates a bright, welcoming atmosphere, while rich, high-quality laminate wood flooring flows throughout the main living areas and newer carpeting adds warmth and comfort to the bedrooms. The thoughtfully renovated kitchen blends style with everyday functionality, offering an attractive and practical setting for cooking, gathering, and entertaining. With four spacious bedrooms and two bathrooms, the home provides plenty of room for comfortable daily living. Luxurious in-floor heating in the bathroom offers a cozy retreat during Minnesota’s colder months. Set on nearly half an acre in one of Faribault’s most sought-after neighborhoods, the property offers an appealing sense of space and privacy without sacrificing convenience. Located just minutes from Shattuck-St. Mary’s School and the Legacy Golf Club, this home places premier local amenities within easy reach while maintaining the tranquility of a peaceful residential setting. From its extensive updates and generous lot to its desirable location, this move-in-ready home offers a remarkable blend of modern comfort, timeless appeal, and everyday convenience.

1320 11th Avenue NE, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$310,000

3 Beds ⋅ 2 Baths ⋅ 7148232 MLS

Rare in-town acreage with room to roam! Set on 1.7 acres, this inviting property pairs the convenience of town with a peaceful, natural setting featuring mature trees, a creek, and abundant wildlife. Inside, hardwood floors and a spacious living room create a warm welcome. The home offers three bedrooms, including one on the main level, two bathrooms, an updated kitchen, office space, and a large basement family room—plus abundant storage throughout. Enjoy your morning coffee on the front porch or make the most of the generous outdoor space. A newer garage, roundabout driveway, and ample room for trailers and toys add everyday convenience. Schools, amenities, major highways, walking trails, and the Faribault Nature Center are all nearby. Come discover the space, setting, and possibilities this unique property has to offer!

1030 Willow Street, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$364,900

3 Beds ⋅ 3 Baths ⋅ 7146413 MLS

Welcome to 1603 Monroe Ct! Tucked away on a quiet cul-de-sac, this well-maintained home offers a great combination of comfort and location. The fenced backyard, added in 2021, backs up to city-owned land, creating a more private setting with no neighboring home directly behind. Step outside and enjoy the patio, or unwind indoors in your own sauna. A new roof in 2022 adds peace of mind, while nearby bike and walking paths make it easy to get outside and enjoy the neighborhood. With a desirable cul-de-sac location and great outdoor space, this Northfield home is ready for its next owners!

1603 Monroe Court, Northfield

Listing courtesy of Homes For Now.

$110,000

2 Beds ⋅ 1 Baths ⋅ 7152382 MLS

Seasonal lakefront cabin located on Lake Mazaska in Faribault. The property includes 2 bedrooms, 1 3/4 bathroom, an eat-in kitchen, living room, and a private dock with direct lake access. Additional features include a deck, patio, porch, propane heater, shared water system, and compliant septic system. The cabin is situated on leased land with access by private, unpaved roads. Longstanding, small seasonal lake community with remarkably inexpensive annual land rent. No garage or designated parking. An affordable opportunity for seasonal lake use, boating, fishing, and waterfront recreation.

6000 Fairbanks Path Unit 15, Faribault

Listing courtesy of Keller Williams Preferred Rlty.

$329,900

4 Beds ⋅ 3 Baths ⋅ 7146091 MLS

A great opportunity in Northfield! 2305 Pepper Ridge Lane offers 4 bedrooms, 3 bathrooms, a spacious lot, and plenty of room to create the home you’ve been looking for. This is the kind of property that gives buyers options. Enjoy the existing space and layout while adding your own style and making improvements that fit your vision. With the right updates, there is an opportunity to build equity and create even more value over time. The generous lot gives you room to enjoy the outdoors, entertain, garden, or simply have space to spread out. Inside, four bedrooms and three bathrooms provide the flexibility needed for today’s lifestyle, whether you need space for family, guests, a home office, or hobbies. If you’ve been waiting for an opportunity to get into the Northfield market and put your own stamp on a home, this could be the one. Bring your ideas, imagine the possibilities, and see what you can create at 2305 Pepper Ridge Lane!

2305 Pepper Ridge Lane, Northfield

Listing courtesy of Dwell Realty Group LLC.

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