Median home value in zip code 55024 (Farmington, MN) is $394,086, up 1.2% year over year. Part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area.

Home Value$394,086

YoY Change

+1.2%

Prices rising — worse for buyers.

Affordability

Enter your income for 55024 (Farmington).

Income (annual)

Down Payment

$78,817 on $394,086

Example: $75,000 household income. Change it above to see your own.

Out of reach40.5% of income

Need $108,429/yr to afford.

PITI$2,530

P/I40.5%

Afford$273K

Gap-$121K

P&I $1,993Tax $388Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

55024 is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

View Minneapolis-St. Paul-Bloomington, MN-WI analysis

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