Find USDA Eligible Properties in Rice County

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Rice county has 1 realtor ready to help with your search!

July 2024 Featured Agent
Charlie LeFebvre   from   Coldwell Banker Realty

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Looking to buy in Rice County, Minnesota?

There are 846 USDA backed residential loans in Rice county with an average loan balance of $139753. Over 74% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $136019. On average the rural home size purchased with this loan was approximately 1277 SqFt. Alternate income limits exist to determine loan eligibility in Rice county. For a household of upto 4 people the income limit is $98750. For a household of between 5 and 8 people the income limit increases to $130350.

The size of Rice County is roughly 1337 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Rice County is 3. Look below for the interactive county level map illustration below for more details.

Select from the list of cities below or use the search feature to find active property listings in a city where you would like to live.

Start your search for USDA loan eligible properties in the cities of Rice County, MN   Rice QR code
* cities most likely to have USDA loan eligible properties for sale.

Cannon City   •   Comus   •   *Dundas   •   Epsom   •   *Faribault   •   Hazelwood   •   Little Chicago   •   *Lonsdale   •   Millersburg   •   *Morristown   •   *Nerstrand   •   *Northfield   •   Prairieville   •   Ruskin   •   Shieldsville   •   Trondjem   •   Veseli   •   *Warsaw   •   Webster   •   Wheatland

A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Rice County.

Interested in the geographic boundaries that define USDA Loan eligibility?
View the detailed USDA boundaries and read about general conditions of
Rice County, Minnesota
USDA Boundary Details

Rice County, in the great state of Minnesota, is situated in the southern part of the state and was officially established on March 5, 1853. The county was named in honor of Henry Mower Rice, a prominent fur trader, and politician who played a significant role in Minnesota's statehood. The county seat is Faribault, and it is part of the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area.

Rice County has been long inhabited by Native American tribes, especially the Dakota Sioux, before the arrival of European settlers. The first European explorer in the area was French-Canadian fur trader Pierre-Charles Le Sueur, who arrived in 1700. Throughout the 1800s, fur traders, missionaries, and settlers migrated to the region, and the county started growing in population.

One of the notable events in the county's history took place during the Dakota War of 1862, a conflict between the United States and several bands of the eastern Sioux. Although most of the warfare occurred in nearby counties, Rice County was indirectly affected by the conflict, and it played a role in the relief efforts for refugees from nearby counties.

The economy of Rice County during its early years was primarily based on agriculture, with major crops being wheat, corn, and oats. With the advent of railroads in the mid-19th century, it also became an important center for trade and commerce in southern Minnesota.

Fun fact: One of the notable attractions in Rice County is the Sakatah Singing Hills State Trail, a 39-mile paved trail that runs through the city of Faribault and travels along the Cannon River valley. It offers spectacular views and recreational opportunities for walking, biking, and rollerblading, making it an excellent place for family outings and outdoor activities.

Featured Cities of Minnesota
Wheatland Dundas
Featured Properties from USDA Loan Eligible Regions of Rice County
1319 Robinwood Ln
Faribault, MN

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37350 County 14 Blvd
Warsaw, MN

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1039 Home Pl
Faribault, MN

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515 9th Ave NE
Lonsdale, MN

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