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 Units by Size|
|Five Bedrooms or more||4.60%|
Owned Homes, Apartments and Condos
|Average Household Size||3.14|
|Median year structure was built||1992|
|Median Value of occupied units||$146,200|
|Median Price asked for vacant units||$134,400|
Rented Homes, Apartments and Condos
|Average Household Size||1.66|
|Median year structure was built||1975|
|Median Monthly Rent asked for vacant units||$694|
Owners Finance Status
|Second Mortgage & Equity Loan||0.70%|
|Home Equity Loan||19.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.4%|