What percentage of people rent in Farmington, MN?

Name: Renters and owners in Farmington, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

13.5% (±2.6 points) of the occupied homes in Farmington, MN are rented (2020–2024 American Community Survey).

That is 1,123 renting households against 7,190 that own their home.

In Farmington, the share of households that rent went from 13.7% in 2015–2019 to 13.5% in 2020–2024 (−0.2 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 13.5% (±2.6 points)
Renting households: 1,123 (±219)
Median renter income: $46,902 (±$7,997)

Who rents and who owns in Farmington

Tenure, estimate (90% margin of error)
	Farmington	Dakota County	Minnesota	United States
Renter-occupied share	13.5% (±2.6 points)	25.1% (±0.6 points)	27.8% (±0.2 points)	34.8%
Renting households	1,123 (±219)	43,687 (±1,026)	641,268 (±4,528)	45,017,354
Owning households	7,190 (±340)	130,675 (±1,057)	1,666,687 (±7,556)	84,210,142
Average renter household size	2.2 (±0.3)	2.1 (±0.0)	2.0 (±0.0)	2.3
Average owner household size	3.0 (±0.1)	2.7 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$46,902 (±$7,997)	$60,763 (±$2,526)	$51,080 (±$531)	$52,966
Median owner household income	$135,116 (±$7,515)	$125,301 (±$2,231)	$108,214 (±$476)	$100,009

In Farmington, the renter share is lower than in Dakota County (25.1%).

It is also lower than in Minnesota (27.8%).

It is lower than the national figure (34.8%).

In Dakota County, Farmington ranks 14 of 33 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 958 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Farmington has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	13.7% (±2.2 points)	13.5% (±2.6 points)	−0.2 percentage points	Not a measurable change
Median gross rent	$1,052 (±$206)	$1,241 (±$244)	+18.0%	No measurable change after inflation
Median household income	$95,331 (±$6,028)	$123,673 (±$7,209)	+29.7%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Farmington

Nearest places with a published estimate, compared with Farmington
Place	Distance	Households that rent	Compared with this place
Farmington	—	13.5% (±2.6 points)	—
Empire	4.0 mi	5.7% (±2.9 points)	Lower
Lakeville	4.2 mi	12.2% (±1.4 points)	Not measurably different
Eureka Township	5.8 mi	6.9% (±4.1 points)	Lower
Apple Valley	6.1 mi	26.6% (±1.6 points)	Higher
Castle Rock Township	6.9 mi	5.1% (±3.1 points)	Lower
Rosemount	7.7 mi	12.6% (±1.9 points)	Not measurably different
Coates	7.7 mi	34.4% (±17.9 points)	Higher
Vermillion Township	8.0 mi	12.5% (±7.2 points)	Not measurably different

Nearby places with a measurably lower figure: Empire, MN (5.7%), Eureka Township, MN (6.9%), Castle Rock Township, MN (5.1%).

Nearby places with a measurably higher figure: Apple Valley, MN (26.6%), Coates, MN (34.4%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Dakota County, place by place

Rank	Place	Households that rent
8	Hastings	23.6% (±2.9 points)
9	Inver Grove Heights	23.1% (±2.4 points)
10	Mendota	22.7% (±12.1 points)
11	Mendota Heights	21.3% (±4.3 points)
12	Randolph	20.8% (±12.2 points)
13	New Trier	15.6% (±11.0 points)
14	Farmington	13.5% (±2.6 points)
15 (tie)	Rosemount	12.6% (±1.9 points)
15 (tie)	Greenvale Township	12.6% (±13.0 points)
17	Vermillion Township	12.5% (±7.2 points)
18	Lakeville	12.2% (±1.4 points)
19	Waterford Township	11.8% (±8.9 points)
20	Marshan Township	9.1% (±4.9 points)

Showing 13 of 33 places in Dakota County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Farmington

How many renters are there in Farmington?

Farmington has an estimated 1,123 (±219) renting households, 13.5% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Farmington?

In Farmington, the share of households that rent went from 13.7% in 2015–2019 to 13.5% in 2020–2024 (−0.2 percentage points), not a measurable change.

How big are renting households in Farmington?

A renting household in Farmington has 2.2 people on average, against 3.0 in an owned home.

How much do renters earn in Farmington?

The median renting household in Farmington, MN has an income of $46,902 (±$7,997) a year, against $135,116 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Farmington city, Minnesota (place:20618, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.