Eagan, MN—55123
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eagan, MN
As of Oct '25, the median home price in Eagan, MN is $464,000, with a year-over-year change of 1.5%. This indicates that home prices in Eagan, MN are increasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $464,000 | 1.5% |
| Single Family | $478,000 | 1.5% |
| Condos | $185,000 | 10.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $171,000 | 2.4% |
2 Bed | $230,000 | 0.4% |
3 Bed | $412,000 | 0.7% |
4 Bed | $494,000 | 1.6% |
| 5 Bed | $630,000 | 0.6% |
% of Housing Stock
Rental Trends — Eagan, MN
As of July '25, Rentcast reports the average rent in Eagan, MN is $2,140, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Eagan, MN is studios: $1,230, 1-bedrooms: $1,390, 2-bedrooms: $1,990, 3-bedrooms: $2,430, 4-bedrooms: $2,660. The most common rental property sizes in Eagan, MN are 2-bedroom and 1-bedroom, accounting for 40.2% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,280 | $2,140 |
| Studio Rent | $1,200 | $1,230 |
| 1 Bed Rent | $1,350 | $1,390 |
| 2 Bed Rent | $2,280 | $1,990 |
| 3 Bed Rent | $2,450 | $2,430 |
| 4 Bed Rent | $2,730 | $2,660 |
% of Rental Stock
Property Listings — Eagan, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Eagan, MN is 33. 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $461,000 | -5.0% |
Listing Count | 93 | 37.0% |
| Listings as % of Homes | 0.3% | 37.0% |
Days on Market | 33 | -15.0% |
Demographics — Eagan, MN
As of the latest ACS Survey released in 2023, Eagan, MN has a population of 27,300, which has increased by 6.5% over the past 5 years. Eagan, MN is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 64.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | 6.5% |
% Under 18 | 24.4% | -4.7% |
% Seniors | 13.7% | 42.7% |
% WFH | 23.5% | 221.9% |
% w/ College Degree | 64.3% | 6.5% |
As of the latest ACS Survey released in 2023, Eagan, MN is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Eagan, MN is asian, making up 10.3% of the population. Foreign-born residents account for 12.0% of the population in Eagan, MN, and this percentage has increased by 25.0% 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 | 76.9% | -7.6% |
% Black | 3.6% | -12.2% |
% Hispanic | 6.0% | 50.0% |
% Asian | 10.3% | 41.1% |
% Foreign Born | 12.0% | 25.0% |
Mortgage and Risk — Eagan, MN
Eagan, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Eagan, MN
As of 2024, the percent of homes in Eagan, MN under the Section 8 program is 3.7%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Eagan, MN, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 61 |
Total Units Section 8 | 61 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,350 | $1,550 |
| 2 Bedroom | -$390 | $2,280 | $1,890 |
| 3 Bedroom | $70 | $2,450 | $2,520 |
| 4 Bedroom | $90 | $2,730 | $2,820 |
Affordability — Eagan, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $464,000 |
| Median Household Income | $134,000 |