ZIP comparison · Minneapolis-St. Paul-Bloomington, MN-WI
55024 vs 55043
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP55024Farmington, MN | ZIP55043Lakeland, MN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $403,329 | $402,431 |
| 1-year appreciation | +1.4% | Better: +2.3% |
| 5-year CAGR | +3.0% | Better: +3.6% |
| 10-year CAGR | +4.8% | Better: +5.3% |
| Rent & investment | ||
| Monthly rent | $2,133 | — |
| Gross yield | 6.3% | — |
| Cap rate | 3.8% | — |
| Property tax | ||
| Effective tax rate | 1.1% | Better: 0.9% |
| Typical annual tax | $4,251 | Better: $3,580 |
| Demographics | ||
| Population | 37,287 | 3,424 |
| Median household income | Better: $127,280 | $102,966 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively Moderate | Relatively Moderate |
| Net migration | Better: +672 | +470 |
| Schools | ||
| Public schools | 13 | 1 |
| Students enrolled | 7,015 | 457 |