Farmington, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Farmington short-term rental market based on reliable data.
Listings
6 / 30
Reliable / Active
Cap Rate
7%
Middle-Earners Gross Yield
Revenue
$28,150
Middle-Earners Revenue
Occupancy
61%
Middle-Earners Occupancy
Home Value
$390,628
Median Home Sale Price
Top Earners
$35,725
Top-Earners Revenue
Farmington
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Farmington.
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Challenging to Investors
Farmington Regulations
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
About Farmington
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.