Farmington, MN Housing Market

$403,341

1.4% 1-yr

The average Farmington, MN home value is $403,341, up 1.4% over the past year, and homes go to pending in around 23 days. (Updated on 4/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Farmington Key Takeaways

Typical Home Values: $403,341

1-Year Value Change: +1.4%

(Data through April 30, 2026)

Farmington Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 86 (April 30, 2026)

New Listings: 40 (April 30, 2026)

Median Sale to List Ratio: 0.998 (March 31, 2026)

Median Sale Price: $359,367 (March 31, 2026)

Median List Price: $409,167 (April 30, 2026)

Percent of Sales Over List Price: 28.7% (March 31, 2026)

Percent of Sales Under List Price: 48.5% (March 31, 2026)

Median Days to Pending: 23 (April 30, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Farmington

NameMedian ZHVI
Industrial District$530,625
Galaxie Commons$280,787
Downtown--
Johnny Cake$379,928
Old Town$363,207
Downtown$371,351
Cedar Knolls$579,351
Redwood$362,262
Scott Highlands$419,731

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Farmington Rental Market Trends

Average Rent: $2,273 (April 30, 2026)

National Average Rent: $1,930 (April 30, 2026)

Month-Over-Month Change: 0.6% (April 30, 2026)

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.