Edina, MN—55435
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 $217,000, with a year-over-year change of -4.8%. This indicates that home prices in Edina, MN are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $217,000 | -4.8% |
| Single Family | $678,000 | 4.8% |
| Condos | $171,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $138,000 | 3.8% |
2 Bed | $216,000 | -3.1% |
3 Bed | $563,000 | 4.8% |
4 Bed | $733,000 | 4.6% |
| 5 Bed | $870,000 | 3.4% |
% of Housing Stock
Rental Trends — Edina, MN
As of July '25, Rentcast reports the average rent in Edina, MN is $1,860, with a year-over-year rent change of -10.6%. Per bedroom, the median rent as of July '25 in Edina, MN is studios: $1,420, 1-bedrooms: $1,510, 2-bedrooms: $2,200, 3-bedrooms: $2,240. The most common rental property sizes in Edina, MN are 1-bedroom and 2-bedroom, accounting for 45.3% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,860 |
| Studio Rent | $1,320 | $1,420 |
| 1 Bed Rent | $1,400 | $1,510 |
| 2 Bed Rent | $1,600 | $2,200 |
| 3 Bed Rent | $2,240 | $2,240 |
| 4 Bed Rent | N/A | N/A |
% 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 47. This is a decrease of -8.0% 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 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 | $200,000 | -18.0% |
Listing Count | 67 | 29.0% |
| Listings as % of Homes | 0.2% | 29.0% |
Days on Market | 47 | -8.0% |
Demographics — Edina, MN
As of the latest ACS Survey released in 2023, Edina, MN has a population of 13,700, which has remained stable by -0.3% over the past 5 years. Edina, MN is a less popular place for families, as children make up 13.7% of the population. The area has a highly educated workforce, with 61.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | -0.3% |
% Under 18 | 13.7% | -12.7% |
% Seniors | 32.1% | 15.1% |
% WFH | 28.1% | 360.7% |
% w/ College Degree | 61.0% | -1.9% |
As of the latest ACS Survey released in 2023, Edina, MN is a predominantly white area, with 74.5% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Edina, MN is asian, making up 9.0% of the population. Foreign-born residents account for 16.9% of the population in Edina, MN, and this percentage has decreased by 28.4% 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 | 74.5% | 3.3% |
% Black | 6.4% | 60.0% |
% Hispanic | 6.3% | 31.2% |
% Asian | 9.0% | -43.8% |
% Foreign Born | 16.9% | -28.4% |
Mortgage and Risk — Edina, MN
According to HUD data as of 2023, there were 155 mortgage originations in Edina, MN, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Edina, MN. Investor activity is low, as 4.0% 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 | 155 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% 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 | 534 |
Total Units Section 8 | 534 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $1,400 | $1,730 |
| 2 Bedroom | $510 | $1,600 | $2,110 |
| 3 Bedroom | $570 | $2,240 | $2,810 |
| 4 Bedroom | N/A | N/A | $3,150 |
Affordability — Edina, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $217,000 |
| Median Household Income | $75,800 |