HomeMinnesotaDakota CountyFarmington
Farmington, Minnesota: commercial real estate data.
Farmington is a Census city of 23,902 people across 15.51 square miles of land, in Dakota County. Median household income is $123,673, 86.5 percent of occupied homes are owned, and the SBA record carries 27 7(a) approvals to borrowers here worth $9.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Farmington
What Farmington is
- Census place typecity
- Land area15.51 sq mi
- Water area0.25 sq mi
- Population per square mile of land1,541
- County holding the largest share of its areaDakota County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farmington
How many people live in Farmington
- Population23,902
- Median age35.4
- Population under 186,950
- Share under 1829.1 percent
- Population 65 and over1,932
- Share 65 and over8.1 percent
- Households8,313
- Family households6,354
- Share of households that are families76.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farmington
Income and work in Farmington
- Median household income$123,673
- Per capita income$48,512
- Civilian labor force13,801
- Employed13,332
- Unemployed469 plus or minus 185
- Unemployment rate3.4 percent plus or minus 1.3
- Adults 25 and over15,387
- Adults 25 and over with a high school diploma or higher93.5 percent
- Adults 25 and over with a bachelor degree or higher38.7 percent
- Adults 25 and over with a graduate degree7.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farmington
Housing in Farmington
- Housing units8,528
- Occupied units8,313
- Vacant units215 plus or minus 101
- Vacancy rate2.5 percent plus or minus 1.2
- Owner occupied7,190
- Renter occupied1,123
- Ownership rate86.5 percent
- Median owner-occupied home value$366,200
- Median gross rent, monthly$1,241
- Annual rent as a share of median income12.0 percent plus or minus 2.5
- Single family units7,576
- Share single family88.8 percent
- Units in buildings of two or more892 plus or minus 216
- Share in buildings of two or more10.5 percent plus or minus 2.5
- Mobile homes60 plus or minus 70
- Median year structure built1998
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farmington
How Farmington gets to work
- Workers 16 and over who commute10,504
- Commuting under 15 minutes2,293
- Share commuting under 15 minutes21.8 percent
- Commuting 30 minutes or more4,472
- Share commuting 30 minutes or more42.6 percent
- Drove alone71.7 percent
- Carpooled6.2 percent plus or minus 1.8
- Public transport0.3 percent plus or minus 0.3
- Walked0.9 percent plus or minus 0.6
- Worked from home20.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farmington
SBA loans in Farmington (7(a))
- Approvals27
- Gross approval$8,973,300
- Average approval$332,344
- Median approval$142,100
- Ninetieth percentile approval$725,980
- Largest approval$1,814,000
- Jobs supported341
- Jobs per approval12.6
- Loans with a final outcome6
- Paid in full6
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more11.1 percent
- Share to franchises11.1 percent
- Distinct lenders16
- Distinct industries by NAICS17
Counted by borrower city: approvals to borrowers whose address is in Farmington, in any county, FY2020 to FY2026. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Farmington
SBA loans in Farmington (504)
- Approvals14
- Gross approval$10,613,000
- Average approval$758,071
- Median approval$455,500
- Largest approval$2,572,000
- Jobs supported146
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Farmington, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Farmington
Flood risk in Farmington
- NFIP communityCity of Farmington
- NFIP community number270104
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/02/11
The City of Farmington participates in the National Flood Insurance Program as community 270104 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Dakota County, not Farmington
Dakota County context, not Farmington figures
- Establishments in Dakota County10,964
- Covered employment, Dakota County189,387
- Average annual pay, Dakota County$72,792
- Housing units permitted, Dakota County2,146
Every figure in this section is published for Dakota County as a whole and is not a measurement of Farmington.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Farmington questions, answered from the record.
How many people live in Farmington, Minnesota?
23,902, in 8,313 households. Farmington city covers 15.51 square miles of land, which is 1,541 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Farmington in?
Dakota County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Farmington?
$123,673. The median owner-occupied home is valued at $366,200. Median gross rent is $1,241 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Farmington businesses?
27 7(a) approvals totaling $9.0 m since FY2020, across 16 lenders, median approval $142,100, plus 14 504 approvals worth $10.6 m since FY2010. These count approvals to borrowers whose address is in Farmington, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Farmington borrowers get paid back?
No rate is published for Farmington. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Farmington in the National Flood Insurance Program?
Yes. Farmington appears in the FEMA Community Status Book as Farmington, city of, community 270104, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Farmington figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Dakota County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Farmington.
Is zoning published for Farmington?
No. Nothing on this page presents parcel level zoning.