55024
Farmington, Minnesota.
Farmington, Dakota County, MN · Minneapolis-St. Paul-Bloomington, MN-WI metro · population 37,287
to buy the typical home at today's mortgage rate — +$988 (+89%) since Jan 2020.
- 1 year
- Up $4,693 +1%
- $393,882$398,575 since Sep 2025
- 5 years
- Up $35,665 +10%
- $362,910$398,575 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 55024$2,092
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 37 years.
Typical home values in zip 55024 rose 1.2% over the past year — in step with the nation.
Zillow also publishes an index for the city itself: Farmington, MN — measured over the city limits, which is a different area from this zip.
Asking rent — 55024
Against the Minneapolis-St. Paul-Bloomington, MN-WI metro and the national benchmark.
- 55024$2,089
- Minneapolis$1,736
- United States$1,932
Typical home value — 55024
Mid-tier homes, smoothed and seasonally adjusted.
- 55024$398,575
- Minneapolis$387,807
- United States$366,157
Within 20 miles
Showing 30 of 41 zips in range — sorting picks from all 41.
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 7.1 | 55044 | Lakeville | 64,762 | $2,108 | $512,518 |
| 8.0 | 55065 | Randolph | 1,224 | — | $473,610 |
| 8.2 | 55068 | Rosemount | 33,119 | $2,027 | $407,070 |
| 8.5 | 55031 | Hampton | 1,881 | — | $466,526 |
| 8.8 | 55124 | Saint Paul | 55,658 | $1,985 | $374,882 |
| 9.0 | 55085 | Vermillion | 371 | — | $344,455 |
| 10.5 | 55306 | Burnsville | 16,830 | $1,420 | $411,940 |
| 10.9 | 55057 | Northfield | 25,650 | $1,756 | $392,809 |
| 11.3 | 55054 | Elko New Market | 2,831 | — | $432,799 |
| 12.2 | 55020 | Elko New Market | 4,115 | — | $522,184 |
| 12.2 | 55123 | Saint Paul | 26,501 | $1,771 | $468,651 |
| 12.4 | 55337 | Burnsville | 47,633 | $1,505 | $350,753 |
| 12.5 | 55122 | Saint Paul | 32,261 | $1,694 | $353,263 |
| 13.6 | 55077 | Inver Grove Heights | 14,503 | $1,842 | $557,150 |
| 14.0 | 55088 | Webster | 1,812 | — | $600,022 |
| 14.0 | 55372 | Prior Lake | 34,772 | $2,059 | $519,631 |
| 14.3 | 55378 | Savage | 32,162 | $1,934 | $432,093 |
| 14.8 | 55033 | Hastings | 29,674 | $1,630 | $384,069 |
| 15.1 | 55076 | Inver Grove Heights | 21,374 | $1,704 | $327,271 |
| 15.1 | 55071 | Saint Paul Park | 5,719 | — | $316,697 |
| 15.1 | 55121 | Saint Paul | 9,198 | $1,496 | $334,578 |
| 15.7 | 55425 | Minneapolis | 10,908 | $1,669 | $320,645 |
| 15.8 | 55019 | Dundas | 2,305 | — | $393,679 |
| 16.0 | 55420 | Minneapolis | 24,451 | $1,450 | $332,023 |
| 16.2 | 55018 | Dennison | 969 | — | $419,982 |
| 16.2 | 55431 | Minneapolis | 18,664 | $1,805 | $374,217 |
| 16.5 | 55016 | Cottage Grove | 40,695 | $1,827 | $397,202 |
| 16.6 | 55009 | Cannon Falls | 8,127 | — | $373,847 |
| 17.0 | 55120 | Saint Paul | 5,058 | $2,028 | $510,130 |
| 17.0 | 55437 | Minneapolis | 18,881 | $1,689 | $392,607 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.