Farmington, MN Real Estate

According to census data in the year 2000 there were 4,259 housing units in Farmington. This represents a 100.5% growth from 2,124 in 1990.

Of those housing units, 4,125 were located in either urbanized areas or urban clusters, and 134 were located in what is classified as a rural area.

Homeownership rate in Farmington is about 87.9%. Farmington's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.96 people.

The majority of houses, apartments or condos in Farmington were built after 1990.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom8.10%
Two Bedrooms19.80%
Three Bedrooms39.60%
Four Bedrooms27.40%
Five Bedrooms or more4.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.14
Median year structure was built1992
Median Value of occupied units$146,200
Median Price asked for vacant units$134,400

Rented Homes, Apartments and Condos

Average Household Size1.66
Median year structure was built1975
Median Monthly Rent asked for vacant units$694

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage12.20%
Home Equity Loan19.50%
Simple Mortgage59.20%
Debt Free8.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.4%