Edina, MN—55424
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edina, MN
As of Oct '25, the median home price in Edina, MN is $981,000, with a year-over-year change of 5.2%. This indicates that home prices in Edina, MN are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $981,000 | 5.2% |
| Single Family | $1,008,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $554,000 | 4.3% |
3 Bed | $689,000 | 4.1% |
4 Bed | $1,015,000 | 5.6% |
| 5 Bed | $1,620,000 | 6.4% |
% of Housing Stock
Rental Trends — Edina, MN
As of July '25, Rentcast reports the average rent in Edina, MN is $4,290, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Edina, MN is 1-bedrooms: $3,240, 2-bedrooms: $3,270, 4-bedrooms: $5,300. The most common rental property sizes in Edina, MN are 2-bedroom and 1-bedroom, accounting for 46.7% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,030 | $4,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $3,240 |
| 2 Bed Rent | $3,750 | $3,270 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $4,500 | $5,300 |
% of Rental Stock
Property Listings — Edina, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Edina, MN is 40. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,490,000 | -2.0% |
Listing Count | 51 | -12.0% |
| Listings as % of Homes | 0.7% | -12.0% |
Days on Market | 40 | -25.0% |
Demographics — Edina, MN
As of the latest ACS Survey released in 2023, Edina, MN has a population of 10,400, which has increased by 4.3% over the past 5 years. Edina, MN is a popular place for families, as children make up 29.5% of the population. The area has a highly educated workforce, with 85.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | 4.3% |
% Under 18 | 29.5% | -3.6% |
% Seniors | 13.2% | 0.0% |
% WFH | 26.7% | 187.1% |
% w/ College Degree | 85.1% | 7.6% |
As of the latest ACS Survey released in 2023, Edina, MN is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Edina, MN is asian, making up 4.6% of the population. Foreign-born residents account for 6.2% of the population in Edina, MN, and this percentage has increased by 26.5% 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 | 85.0% | -8.0% |
% Black | 0.8% | -33.3% |
% Hispanic | 1.9% | 0.0% |
% Asian | 4.6% | 76.9% |
% Foreign Born | 6.2% | 26.5% |
Mortgage and Risk — Edina, MN
According to HUD data as of 2023, there were 192 mortgage originations in Edina, MN, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Edina, MN. Investor activity is low, as 2.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 192 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Edina, MN
Edina, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $2,000 | $1,790 |
| 2 Bedroom | -$1,570 | $3,750 | $2,180 |
| 3 Bedroom | N/A | N/A | $2,900 |
| 4 Bedroom | -$1,250 | $4,500 | $3,250 |
Affordability — Edina, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $981,000 |
| Median Household Income | $242,000 |