Farmington, MN—55024
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$391,000
1.5% YoY Growth
Household Income
$124,000
31.4% YoY Growth
Days on Market
51
6.0% Longer YoY
Home Price Forecast
0.0%
Median Rent
$2,000
9.1% YoY Growth
1-Bed Rent
$1,060
42.3% YoY Growth
2-Bed Rent
$1,700
3.8% YoY Growth
3-Bed Rent
$2,300
5.8% YoY Growth
Home Price Trends — Farmington, MN
As of Dec '25, the median home price in Farmington, MN is $391,000, with a year-over-year change of 1.5%. This indicates that home prices in Farmington, MN are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $391,000 | 1.5% |
| Single Family | $398,000 | 1.5% |
| Condos | $253,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |