Housing in Farmington, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$448,863
Median List Price
$399,900
Price Per Sq Ft
$191
Days on Market
65
Active Inventory
82
Months of Supply
2.9
Seller's market
Zillow Home Value
$390,548
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
21.4%
Off Market in 2 Weeks
16.7%
Sale-to-List Ratio
99.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
28
New Listings
35
Pending Sales
30
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$191
Median List $/SF
$215
Farmington vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Farmington is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$345,100
Median Rent
$1,275
Total Housing Units
8,475
Vacancy Rate
2.9%
Owner Occupied
86.6%
Renter Occupied
13.4%
Median Property Tax
$4,102
per year
Monthly Cost (w/ Mortgage)
$1,888
Housing Types
The current median sale price in Farmington, MN is $448,863 according to Redfin data. Homes spend a median of 65 days on the market. 21.4% of homes sold above asking price. The market has 2.9 months of supply. The median price per square foot is $191. The median rent is $1,275 per month (Census ACS). About 86.6% of housing units are owner-occupied. The median year homes were built is 1997. There are 8,475 total housing units.