Real Estate Market Update for 55024 (Farmington, MN)
Map Information for 55024 (Farmington, MN)
Area Information for 55024 (Farmington, MN)
  • Community Character: Significant Percentage of Family Households, Stable Population, Moderate Residential Turnover, Suburb of St.
  • Population: 33,979
  • Median Age: 34.72 yr
  • Median Commute Time: 24.76 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 87
  • Sales Tax: 5%
  • Population Density: 363/sq mi
  • Population Change Since 2000: 61%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: Carleton College
  • Closest Jr. College: Dakota Cty Tech Coll
  • Median Household Income: $81,016
  • Annual Residential Turnover: 17.92%
  • Median Years in Residence: 3.75 yr
  • Median Home Sales Price: $181,917
  • Closest Major Sports Team: Minnesota Swarm
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 55024 (Farmington, MN)
Median Age: 34.72 Married: 51% Number of Households: 11,486 Households with Children: 5,619
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 55024 (Farmington, MN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Farmington Elementary School 0.4 mi Public K - 5 3-5 4
      Robert Boeckman Middle School 1.2 mi Public 5 - 8 4 4
      Riverview Elementary School 1.3 mi Public K - 5 3 0
      Levi P Dodge Middle School 1.3 mi Public 5 - 8 4 5
      Christian Life School 3.0 mi Private K - 12 0 4
      Akin Road Elementary School 3.1 mi Public K - 5 3 5
      Farmington High School 3.3 mi Public 9 - 12 3-5 4
      Meadowview Elementary School 3.6 mi Public K - 5 4-5 0
      North Trail Elementary School 5.4 mi Public K - 5 3-5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2010
      Local Weather for 55024 (Farmington, MN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.