Eden Prairie, MN—55347
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 $553,000, with a year-over-year change of 2.1%. This indicates that home prices in Eden Prairie, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $553,000 | 2.1% |
| Single Family | $571,000 | 2.1% |
| Condos | $247,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $278,000 | 0.4% |
3 Bed | $446,000 | 2.3% |
4 Bed | $599,000 | 2.0% |
| 5 Bed | $788,000 | 1.7% |
% of Housing Stock
Rental Trends — Eden Prairie, MN
As of July '25, Rentcast reports the average rent in Eden Prairie, MN is $2,740, with a year-over-year rent change of 7.5%. Per bedroom, the median rent as of July '25 in Eden Prairie, MN is 1-bedrooms: $1,260, 2-bedrooms: $2,080, 3-bedrooms: $2,670, 4-bedrooms: $3,620. The most common rental property sizes in Eden Prairie, MN are 2-bedroom and 3-bedroom, accounting for 38.6% and 20.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,260 |
| 2 Bed Rent | $1,970 | $2,080 |
| 3 Bed Rent | $2,400 | $2,670 |
| 4 Bed Rent | $2,650 | $3,620 |
% 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 49. This is a increase of 8.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 10.0% |
Listing Count | 142 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 49 | 8.0% |
Demographics — Eden Prairie, MN
As of the latest ACS Survey released in 2023, Eden Prairie, MN has a population of 30,500, which has remained stable by 0.3% over the past 5 years. Eden Prairie, MN is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 67.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,500 | 0.3% |
% Under 18 | 24.8% | 0.8% |
% Seniors | 14.1% | 14.6% |
% WFH | 30.7% | 219.8% |
% w/ College Degree | 67.1% | -4.3% |
As of the latest ACS Survey released in 2023, Eden Prairie, MN is a predominantly white area, with 72.5% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Eden Prairie, MN is asian, making up 13.6% of the population. Foreign-born residents account for 15.7% of the population in Eden Prairie, MN, and this percentage has increased by 16.3% 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 | 72.5% | -9.5% |
% Black | 3.3% | 153.8% |
% Hispanic | 5.2% | 100.0% |
% Asian | 13.6% | 4.6% |
% Foreign Born | 15.7% | 16.3% |
Mortgage and Risk — Eden Prairie, MN
According to HUD data as of 2023, there were 84 mortgage originations in Eden Prairie, MN, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% 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. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
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 6.4%. 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. In Eden Prairie, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $1,300 | $1,890 |
| 2 Bedroom | $340 | $1,970 | $2,310 |
| 3 Bedroom | $680 | $2,400 | $3,080 |
| 4 Bedroom | $800 | $2,650 | $3,450 |
Affordability — Eden Prairie, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $553,000 |
| Median Household Income | $153,000 |