RentYield Atlas

ZIP 55024 — Farmington, MN: rental yield & market data

Gross rental yield of 5.47% — ranked #65 of 152 Minnesota ZIP codes. June 2026 data.

Gross rental yield
5.47%
Home value
$406,695
Market rent / mo
$1,855
Price-to-rent
18.3

Trend

Metric1-year change5-year change
Home value+1.4% +12.1%
Market rent

Metro: Minneapolis-St. Paul-Bloomington, MN-WI · County: Dakota County · Annual rent: $22,260

Comparable ZIP codes in Minnesota

Similar home values, sorted by yield — the cheapest way to see if 55024 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
55369Maple GroveMN$401,103$2,0986.28%15.9+2.5%
55068RosemountMN$415,784$1,9785.71%17.5+0.6%
55016Cottage GroveMN$404,590$1,9165.68%17.6+1.9%
55379ShakopeeMN$413,006$1,7855.19%19.3+1.2%
55437BloomingtonMN$403,986$1,6624.94%20.3+3.4%
55438BloomingtonMN$412,869$1,6924.92%20.3+3.2%
55057NorthfieldMN$400,529$1,6314.89%20.5+2.6%
55906RochesterMN$403,422$1,5464.60%21.7+3.7%

Top rental yields in all of Minnesota →

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