Performance indicators for the Farmington short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Farmington.
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Challenging to Investors
Farmington's lack of specific STR regulations creates uncertainty and compliance complexity, requiring investors to navigate multiple departments (Planning, Business Licensing, Building) and interpret general zoning codes individually. While STRs appear technically legal with moderate fees ($100 business license) and no specific caps, the absence of dedicated ordinances makes compliance an ambiguous process requiring extensive coordination and legal consultation.
Local STR Agent
STR specialist · Farmington, MN
Farmington is a city in Dakota County, Minnesota, United States. The population was 23,632 at the 2020 census. It is a part of the Minneapolis-St. Paul metropolitan area.