Real Estate Investing in Farmington, Minnesota

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1 ZIP codes • Population: 36,681 • Dakota County

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Should you buy in Farmington, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (69/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Farmington, MN?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.5% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $404,955
Avg Monthly Rent $1,986
ZIP Codes 1

Investing in Farmington Real Estate

Farmington, MN covers 1 ZIP codes and a population but the investment metrics here are muted — this is not a market to enter casually.

Investors considering Farmington, MN should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Transaction volume in Farmington has thinned in a way that amplifies price discovery risk. Put differently, investors without local context should treat every number on the page with skepticism.

A an established population with $N/AK household income profile is what makes Farmington a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Minneapolis-St. Paul-Bloomington, MN-WI

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$404,955
Avg Monthly Rent
$1,986
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Farmington, MN

Screen every ZIP in Farmington

Filter Farmington’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Farmington, MN

How does Farmington, MN rate as a rental market?

Farmington, MN rates 3.0/5 for investability. With median values at $405K and rents near $1,986/mo, the market offers reasonable fundamentals for rental investors.

What is the typical rental rate in Farmington, MN?

Investors in Farmington, MN typically see rents near $1,986/mo per month against $405K home values - a solid setup for rental cash flow.

What kind of tenants rent in Farmington, MN?

Tenant quality in Farmington, MN ranks as solid. Landlords generally report consistent occupancy at market rents of $1,986/mo.

How do experienced investors play Farmington, MN?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Farmington, MN. The numbers - $405K homes against $1,986/mo rents - support that play.

How tight is the rental market in Farmington, MN?

Farmington, MN carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,986/mo.

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