HomeDataUSA

States / Minnesota / Farmington

Farmington, MN Housing

ACS 2020-2024

Median Home Value
$366,200 ± $10,487
Median Gross Rent
$1,241 ± $244/mo
Homeownership Rate
86.5%
Rent as Share of Income
12.0%
Price-to-Income Ratio
3.0×
Vacancy Rate
2.5%
Median Year Built
1998

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
197
Buildings
197
Single-Family Units
197
Multi-Family Units
0

Nearby Cities in Minnesota

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Farmington, MN Housing: Rent & Home Values | HomeDataUSA