Farmington offers a small-town feel with easy access to the south metro, a rare combination that's produced a stable long-term homeowner base and reasonable home prices. It's a strong first-time buyer market and a quietly growing retirement pocket.
The Farmington housing market
Median home values in Farmington run in the high-$300s, with newer construction and executive homes climbing into the $500s. Dakota County property taxes remain moderate.
Reverse mortgages in Farmington
Farmington homeowners who bought before 2010 typically have strong equity. A HECM can eliminate a remaining mortgage or serve as a stand-by line of credit.
Neighborhoods
- Downtown Farmington
- Vermillion River area
- Charleswood
- North Creek
- Meadow Creek
Loan options for Farmington
- First-Time Buyer
- Conventional
- FHA & VA
- Reverse Mortgage (HECM)
- HECM for Purchase
- Refinance
Attractions & landmarks
- Vermillion River
- Rambling River Park
- Historic Downtown Farmington
- North Creek Greenway
Schools
Farmington Public Schools (ISD 192), community-anchored and well-regarded.