If I have a record that is updated every 5 minutes, and I have field history enabled on the field changing, will I run into any field history tracking limits?
Ex. Does Salesforce only store X number of changes per record in the field history?
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You can select certain fields to track and display the field history in the History related list of an object. The field history data is retained for up to 18 months.
You can track the field history of custom objects and the following standard objects. Accounts
More on limitations here: Consider the following when working with field history tracking.
As far as your question is concerned. No i don't see any such limitations!