Eden Prairie, MN—55346
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eden Prairie, MN
As of Oct '25, the median home price in Eden Prairie, MN is $475,000, with a year-over-year change of 2.5%. This indicates that home prices in Eden Prairie, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $475,000 | 2.5% |
| Single Family | $486,000 | 2.5% |
| Condos | $207,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | -1.9% |
3 Bed | $441,000 | 2.6% |
4 Bed | $519,000 | 2.6% |
| 5 Bed | $623,000 | 2.5% |
% of Housing Stock
Rental Trends — Eden Prairie, MN
As of July '25, Rentcast reports the average rent in Eden Prairie, MN is $2,400, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Eden Prairie, MN is 1-bedrooms: $1,320, 2-bedrooms: $1,980, 3-bedrooms: $2,370, 4-bedrooms: $3,450. The most common rental property sizes in Eden Prairie, MN are 2-bedroom and 3-bedroom, accounting for 40.2% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,320 |
| 2 Bed Rent | $1,950 | $1,980 |
| 3 Bed Rent | $2,350 | $2,370 |
| 4 Bed Rent | $3,450 | $3,450 |
% of Rental Stock
Property Listings — Eden Prairie, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Eden Prairie, MN is 28. This is a increase of 7.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | -9.0% |
Listing Count | 34 | -31.0% |
| Listings as % of Homes | 0.3% | -31.0% |
Days on Market | 28 | 7.0% |
Demographics — Eden Prairie, MN
As of the latest ACS Survey released in 2023, Eden Prairie, MN has a population of 18,600, which has increased by 13.3% over the past 5 years. Eden Prairie, MN is a popular place for families, as children make up 25.1% of the population. The area has a highly educated workforce, with 63.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 25.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | 13.3% |
% Under 18 | 25.1% | 8.7% |
% Seniors | 17.3% | 36.2% |
% WFH | 25.0% | 290.6% |
% w/ College Degree | 63.4% | 3.3% |
As of the latest ACS Survey released in 2023, Eden Prairie, MN is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 13.1% in the last 5 years. The second most common race or ethnicity in Eden Prairie, MN is black, making up 8.6% of the population. Foreign-born residents account for 12.7% of the population in Eden Prairie, MN, and this percentage has increased by 67.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.1% | -13.1% |
% Black | 8.6% | 132.4% |
% Hispanic | 3.1% | 55.0% |
% Asian | 8.3% | 53.7% |
% Foreign Born | 12.7% | 67.1% |
Mortgage and Risk — Eden Prairie, MN
According to HUD data as of 2023, there were 293 mortgage originations in Eden Prairie, MN, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Eden Prairie, MN. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 293 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Eden Prairie, MN
As of 2024, the percent of homes in Eden Prairie, MN under the Section 8 program is 26.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Eden Prairie, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 239 |
Total Units Section 8 | 238 |
% Rentals under Section 8 | 26.2% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $540 | $1,320 | $1,860 |
| 2 Bedroom | $320 | $1,950 | $2,270 |
| 3 Bedroom | $670 | $2,350 | $3,020 |
| 4 Bedroom | -$60 | $3,450 | $3,390 |
Affordability — Eden Prairie, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $475,000 |
| Median Household Income | $137,000 |