Edina, MN—55436
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 $609,000, with a year-over-year change of 1.9%. This indicates that home prices in Edina, MN are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $609,000 | 1.9% |
| Single Family | $770,000 | 1.6% |
| Condos | $176,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $147,000 | -3.9% |
2 Bed | $268,000 | -6.0% |
3 Bed | $590,000 | 1.7% |
4 Bed | $800,000 | 2.0% |
| 5 Bed | $1,233,000 | 2.4% |
% of Housing Stock
Rental Trends — Edina, MN
As of July '25, Rentcast reports the average rent in Edina, MN is $2,750, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Edina, MN is studios: $1,270, 1-bedrooms: $2,150, 2-bedrooms: $2,750, 3-bedrooms: $3,100, 4-bedrooms: $5,650. The most common rental property sizes in Edina, MN are 2-bedroom and 1-bedroom, accounting for 41.3% and 35.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,440 | $2,750 |
| Studio Rent | $1,150 | $1,270 |
| 1 Bed Rent | $2,240 | $2,150 |
| 2 Bed Rent | $3,200 | $2,750 |
| 3 Bed Rent | $3,000 | $3,100 |
| 4 Bed Rent | $6,500 | $5,650 |
% 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 46. This is a decrease of -6.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $512,000 | -33.0% |
Listing Count | 85 | -2.0% |
| Listings as % of Homes | 0.8% | -2.0% |
Days on Market | 46 | -6.0% |
Demographics — Edina, MN
As of the latest ACS Survey released in 2023, Edina, MN has a population of 14,600, which has increased by 10.6% over the past 5 years. Edina, MN is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 70.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,600 | 10.6% |
% Under 18 | 20.5% | -14.6% |
% Seniors | 25.2% | 14.5% |
% WFH | 23.8% | 120.4% |
% w/ College Degree | 70.9% | -1.4% |
As of the latest ACS Survey released in 2023, Edina, MN is a predominantly white area, with 88.1% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Edina, MN is asian, making up 4.5% of the population. Foreign-born residents account for 7.6% of the population in Edina, MN, and this percentage has increased by 8.6% 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 | 88.1% | -4.0% |
% Black | 0.8% | -20.0% |
% Hispanic | 3.2% | 146.2% |
% Asian | 4.5% | 25.0% |
% Foreign Born | 7.6% | 8.6% |
Mortgage and Risk — Edina, MN
According to HUD data as of 2023, there were 271 mortgage originations in Edina, MN, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Edina, MN. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 271 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Edina, MN
As of 2024, the percent of homes in Edina, MN under the Section 8 program is 2.3%. 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 Edina, MN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 36 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$590 | $2,240 | $1,650 |
| 2 Bedroom | -$1,190 | $3,200 | $2,010 |
| 3 Bedroom | -$320 | $3,000 | $2,680 |
| 4 Bedroom | -$3,500 | $6,500 | $3,000 |
Affordability — Edina, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $609,000 |
| Median Household Income | $132,000 |