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TownhouseResidential
$319,000$210 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 90How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $227,000 on Dec 13, 2018

505 4TH ST

FARMINGTON, MN 55024
2
Beds
2
Baths
1,519 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1,960 ft²
Lot SizeThe size of the land the home sits on, from county records.
2002
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$319K
$288K low$350K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$227,000 · Dec 13, 2018

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,670 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$281,300 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$46,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$234,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$274,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$281,300

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Townhouse
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountyDAKOTA
Lot (acres)The size of the land the home sits on, from county records.0.04
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Farmington Elementary SchoolB
Elementary · Grades KG–5 · 0.3 mi
M
Boeckman Middle SchoolC+
Middle · Grades 6–8 · 0.6 mi
H
Farmington High SchoolC
High · Grades 9–12 · 3.2 mi

District: Farmington Area Public Schools

Neighborhood · ZIP 55024These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.51
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.78
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.14

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.98%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.30%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.38,340
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.439 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$117,017
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$132,927
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

505 4th St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 69% of homes in Farmington 55024
  • Costs more per square foot than 94% of homes in Farmington 55024
  • Smaller than 79% of homes in Farmington 55024
  • Has a smaller lot than 96% of homes in Farmington 55024
  • Newer than 79% of homes in Dakota County

What homes are worth in Farmington 55024

Each bar is how many homes fall in that price range. The marker is this home.

This home
$145K$563K

This home is worth more than 69% of homes in Farmington 55024.

How it measures up in Farmington 55024

The dot is this home. The mark in the middle is the typical home in Farmington 55024.

Estimated value$319,000
CheaperTypical $272,854Pricier

Pricier than 69% of homes nearby

Price per ft²$210
CheaperTypical $129Pricier

Pricier than 94% of homes nearby

Living area1,519 ft²
SmallerTypical 1,940 ft²Bigger

Bigger than 21% of homes nearby

Lot size1,960 ft²
SmallerTypical 0.26 acBigger

Bigger than 4% of homes nearby

Year built2002
OlderTypical 1999Newer

Newer than 67% of homes nearby

How 505 4th St ranks against every home in each area.
MeasureThis homeFarmington 55024Dakota County
Estimated valuepricier than$319,00069% of homes60% of homes
Price per ft²pricier than$21094% of homes94% of homes
Living areabigger than1,519 ft²21% of homes23% of homes
Lot sizebigger than1,960 ft²4% of homes5% of homes
Year builtnewer than200267% of homes79% of homes

About 505 4th St

How much is 505 4th St, Farmington, MN worth?

The TopHap Estimate for 505 4th St, Farmington, MN is $319,000 as of Aug 30, 2026. The likely range is $287,991 to $350,009. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 505 4th St, Farmington, MN last sell?

505 4th St, Farmington, MN last sold on Dec 13, 2018 for $227,000, according to the county's recorded deed.

How big is 505 4th St, Farmington, MN?

505 4th St, Farmington, MN has 2 bedrooms, 2 bathrooms, 1,519 square feet of living space and a 0.04-acre lot.

When was 505 4th St, Farmington, MN built?

505 4th St, Farmington, MN was built in 2002, making it 24 years old. It is a townhouse home. The building has 1 story.

What schools serve 505 4th St, Farmington, MN?

505 4th St, Farmington, MN is assigned to Farmington Elementary School (elementary), rated B; Boeckman Middle School (middle), rated C+; Farmington High School (high), rated C. All sit in Farmington Area Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 505 4th St, Farmington, MN compare to other homes in Farmington 55024?

Among the 13,086 homes in Farmington 55024, it is worth more than 69% of them ($319,000 against a typical $272,854), its price per square foot is higher than 94% of them ($210 against a typical $129), it is bigger than 21% of them (1,519 ft² against a typical 1,940 ft²), its lot is bigger than 4% of them (1,960 ft² against a typical 0.26 ac) and it is newer than 67% of them (2002 against a typical 1999). Measured against all of Dakota County, it is worth more than 60% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 505 4th St, Farmington, MN?

The 2025 property tax bill for 505 4th St, Farmington, MN was $3,670. The county assessed it at $281,300.

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