Farmington (55024) in Minnesota Real Estate, Demographics, Mortgage and Jobs

USA	Minnesota	Farmington Minnesota

Farmington, MN 55024

Farmington (55024) has an estimated 32,406 residents with 32,186 of those people in approximately 10,878 housing units. The 55024 zipcode contains 8,589 housing units that are owned with a mortgage or a loan, 1,081 housing units that are owned free and clear and 1,208 housing units that are renter occupied.

In Farmington (55024) the median listing price of $266,225 has dropped by $3,675 since 2018-10.

In 2018 the average percentage drop was 2.29% of original listing price.

47 homes were sold in 2018-11 in Farmington, MN (55024).
This monthly number has dropped by 30 from the previous month.

Zip code 55024 is in the Minneapolis-St. Paul-Bloomington metropolitan area.
The median estimated home value in Farmington, MN (55024) is $274,200 as of 2018-10-31

In Farmington, MN (55024), values have dropped by -0.00 from when they peaked at $275,000 in 2018-Q3

The Zillow Market Health Index for Farmington, MN (55024) is 4.82. The corresponding state value is 8.63. This is significantly lower than the overall Market Health Index of Minnesota.

Demographics of Farmington zipcode 55024
The median age here is 32.20. This age is 84.7% the national median age.
This population is younger than the national average.
The number of male residents is 16,288 with a median age of 31.70 years. The number of female residents is 16,118 with a median age of 32.70 years. This yields a ♂ to ♀ ratio of 1.01
The average household is 2.96 persons and has an income of $100,520.
The average family size in Farmington is 3.35.
Area Code: 651/952
Time zone: Central USA
Region: Midwest - West North Central
Has Daylight Saving: Yes
Businesses: 462
Employment: 3,653
Medicare Area: Minneapolis-St. Paul-Bloomington, MN-WI
County: DAKOTA

Interested in adding this type of zip code level housing statistics to your website? Click here for the QuantaLoan.com city widget code for Farmington (55024).