Edina, MN—55439
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 $661,000, with a year-over-year change of 2.2%. This indicates that home prices in Edina, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $661,000 | 2.3% |
| Single Family | $739,000 | 1.7% |
| Condos | $277,000 | -9.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $300,000 | -0.3% |
2 Bed | $378,000 | 1.6% |
3 Bed | $566,000 | 2.2% |
4 Bed | $751,000 | 1.5% |
| 5 Bed | $982,000 | 1.9% |
% of Housing Stock
Rental Trends — Edina, MN
As of July '25, Rentcast reports the average rent in Edina, MN is $3,070, with a year-over-year rent change of -5.0%. Per bedroom, the median rent as of July '25 in Edina, MN is 1-bedrooms: $1,230, 2-bedrooms: $1,780, 3-bedrooms: $2,300, 4-bedrooms: $6,950. The most common rental property sizes in Edina, MN are 2-bedroom and 1-bedroom, accounting for 63.2% and 14.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,790 | $3,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,230 | $1,230 |
| 2 Bed Rent | $1,650 | $1,780 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $3,900 | $6,950 |
% 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 -15.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 1.0% |
Listing Count | 54 | 6.0% |
| Listings as % of Homes | 0.8% | 6.0% |
Days on Market | 47 | -15.0% |
Demographics — Edina, MN
As of the latest ACS Survey released in 2023, Edina, MN has a population of 9,480, which has increased by 5.3% over the past 5 years. Edina, MN is a popular place for families, as children make up 27.5% of the population. The area has a highly educated workforce, with 80.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,480 | 5.3% |
% Under 18 | 27.5% | 8.3% |
% Seniors | 19.3% | -23.4% |
% WFH | 20.2% | 112.6% |
% w/ College Degree | 80.1% | 6.2% |
As of the latest ACS Survey released in 2023, Edina, MN is a predominantly white area, with 76.2% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Edina, MN is asian, making up 9.7% of the population. Foreign-born residents account for 9.4% of the population in Edina, MN, and this percentage has decreased by 4.1% 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 | 76.2% | -11.2% |
% Black | 2.3% | -34.3% |
% Hispanic | 2.6% | 8.3% |
% Asian | 9.7% | 83.0% |
% Foreign Born | 9.4% | -4.1% |
Mortgage and Risk — Edina, MN
According to HUD data as of 2023, there were 205 mortgage originations in Edina, MN, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Edina, MN. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 205 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Edina, MN
As of 2024, the percent of homes in Edina, MN under the Section 8 program is 15.6%. 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 Edina, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 15.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,230 | $1,540 |
| 2 Bedroom | $230 | $1,650 | $1,880 |
| 3 Bedroom | $200 | $2,300 | $2,500 |
| 4 Bedroom | -$1,100 | $3,900 | $2,800 |
Affordability — Edina, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $661,000 |
| Median Household Income | $174,000 |