55024 Real Estate Market Overview

Could Farmington, MN 55024 be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about 55024. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 55024 such as Lak...eville and Rosemount. When you’re ready, Trulia has 128 resale and new homes in 55024 lined up for you, including 11 open houses, and 44 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$240,000

Median Sales Price

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$167

Price Per Sqft

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$1,400

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 55024 show a 4% year-over-year rise in median sales price and a 2% rise in median rent per month.

Median Sales Price
The median sales price for homes in 55024 for Apr 21 to Jul 20 was $240,000 based on 147 home sales.
Price Per Square Ft.
Average price per square foot for 55024 was $167, an increase of 3% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 55024 for Jun 21 to Jul 21 was $1,400.

Crime

Most frequent crimes in the past year

55024 has very low crime relative to the rest of Dakota County.

Knowing more about crime activity in 55024 can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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1

Count of Community Policing


Best Schools in 55024

There are 10 schools in 55024.

Elementary Schools
9

Farmington Elementary School

Public, K - 5

7

North Trail Elementary School

Public, K - 5

7

Riverview Elementary School

Public, K - 5

Middle Schools
N/A

Farmington West Middle School

Public, 6 - 8

N/A

Dakota Prairie Area Learning Center

Public, 6 - 8

High Schools
7

Farmington High School

Public, 9 - 12

N/A

Farmington High School

Public, 9 - 12

N/A

917 Paces

Public, K - 12


Demographics

Get to know your neighbors in 55024 by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
20%
Single residents
Home owners
93%
Home owners
Median age
35
Median age
Household income
$83,021
Median household income
College educated
44%
College educated

Commute

Most people in 55024 commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
96% commute by car
0% commute by bike
2% commute by public transportation
0% commute by foot

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