Eagan, MN—55122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eagan, MN
As of Oct '25, the median home price in Eagan, MN is $346,000, with a year-over-year change of 1.8%. This indicates that home prices in Eagan, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | 1.8% |
| Single Family | $360,000 | 2.0% |
| Condos | $199,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $173,000 | 1.8% |
2 Bed | $252,000 | -0.8% |
3 Bed | $353,000 | 2.0% |
4 Bed | $442,000 | 1.8% |
| 5 Bed | $584,000 | 1.7% |
% of Housing Stock
Rental Trends — Eagan, MN
As of July '25, Rentcast reports the average rent in Eagan, MN is $1,920, with a year-over-year rent change of -15.0%. Per bedroom, the median rent as of July '25 in Eagan, MN is studios: $1,200, 1-bedrooms: $1,460, 2-bedrooms: $1,650, 3-bedrooms: $2,440, 4-bedrooms: $2,640. The most common rental property sizes in Eagan, MN are 2-bedroom and 1-bedroom, accounting for 48.4% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,920 |
| Studio Rent | $1,170 | $1,200 |
| 1 Bed Rent | $1,450 | $1,460 |
| 2 Bed Rent | $1,600 | $1,650 |
| 3 Bed Rent | $2,400 | $2,440 |
| 4 Bed Rent | $2,350 | $2,640 |
% of Rental Stock
Property Listings — Eagan, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Eagan, MN is 37. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $264,000 | -7.0% |
Listing Count | 104 | 24.0% |
| Listings as % of Homes | 0.3% | 24.0% |
Days on Market | 37 | 9.0% |
Demographics — Eagan, MN
As of the latest ACS Survey released in 2023, Eagan, MN has a population of 31,500, which has decreased by -2.4% over the past 5 years. Eagan, MN is a moderately popular place for families, as children make up 21.5% of the population. The area has a highly educated workforce, with 47.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,500 | -2.4% |
% Under 18 | 21.5% | 0.0% |
% Seniors | 17.4% | 33.8% |
% WFH | 18.4% | 234.5% |
% w/ College Degree | 47.7% | 1.1% |
As of the latest ACS Survey released in 2023, Eagan, MN is a predominantly white area, with 67.7% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Eagan, MN is black, making up 14.8% of the population. Foreign-born residents account for 14.8% of the population in Eagan, MN, and this percentage has decreased by 3.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.7% | -4.4% |
% Black | 14.8% | 37.0% |
% Hispanic | 5.3% | -10.2% |
% Asian | 9.2% | 15.0% |
% Foreign Born | 14.8% | -3.9% |
Mortgage and Risk — Eagan, MN
According to HUD data as of 2023, there were 49 mortgage originations in Eagan, MN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Eagan, MN. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Eagan, MN
As of 2024, the percent of homes in Eagan, MN under the Section 8 program is 6.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Eagan, MN, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 299 |
Total Units Section 8 | 299 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,450 | $1,430 |
| 2 Bedroom | $150 | $1,600 | $1,750 |
| 3 Bedroom | -$70 | $2,400 | $2,330 |
| 4 Bedroom | $260 | $2,350 | $2,610 |
Affordability — Eagan, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $346,000 |
| Median Household Income | $94,000 |