Housing & Real Estate — Farmington, Minnesota
Overview
| Total Housing Units | 8,475 |
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| Occupied | 8,229 |
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| Vacant | 246 |
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| Owner-Occupied | 7,129 |
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| Renter-Occupied | 1,100 |
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| Median Home Value (Census) | $366,200 |
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| Estimated 2026 | ~$420,000 |
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| Median Rent | $1,275/mo |
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| Median Property Tax | $4,240/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | affordable |
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| Rent as % of Income | 12.4% |
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| Severely Rent-Burdened | 46.0% |
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Housing Age
| Built 2010 or later | 1,049 |
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| Built 2000-2009 | 2,744 |
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| Built 1990-1999 | 2,145 |
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| Built before 1960 | 901 |
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| Median Year Built | 1997 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
