Eden Prairie, MN—55344
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eden Prairie, MN
As of Oct '25, the median home price in Eden Prairie, MN is $343,000, with a year-over-year change of 1.2%. This indicates that home prices in Eden Prairie, 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 | $343,000 | 1.2% |
| Single Family | $413,000 | 2.7% |
| Condos | $242,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | -0.4% |
3 Bed | $378,000 | 2.2% |
4 Bed | $518,000 | 2.6% |
| 5 Bed | $729,000 | 1.8% |
% of Housing Stock
Rental Trends — Eden Prairie, MN
As of July '25, Rentcast reports the average rent in Eden Prairie, MN is $1,770, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Eden Prairie, MN is studios: $1,480, 1-bedrooms: $1,560, 2-bedrooms: $1,960, 3-bedrooms: $2,380. The most common rental property sizes in Eden Prairie, MN are 2-bedroom and 1-bedroom, accounting for 56.1% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,770 |
| Studio Rent | $1,390 | $1,480 |
| 1 Bed Rent | $1,560 | $1,560 |
| 2 Bed Rent | $1,920 | $1,960 |
| 3 Bed Rent | $2,460 | $2,380 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Eden Prairie, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Eden Prairie, MN is 40. This is a decrease of -2.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -7.0% |
Listing Count | 44 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 40 | -2.0% |
Demographics — Eden Prairie, MN
As of the latest ACS Survey released in 2023, Eden Prairie, MN has a population of 14,200, which has decreased by -17.1% over the past 5 years. Eden Prairie, MN is a moderately popular place for families, as children make up 22.9% of the population. The area has a highly educated workforce, with 61.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | -17.1% |
% Under 18 | 22.9% | -9.1% |
% Seniors | 16.4% | 43.9% |
% WFH | 23.3% | 366.0% |
% w/ College Degree | 61.2% | 9.1% |
As of the latest ACS Survey released in 2023, Eden Prairie, MN is a predominantly white area, with 53.9% of the population identifying as white. The white population has grown by 4.3% in the last 5 years. The second most common race or ethnicity in Eden Prairie, MN is asian, making up 20.6% of the population. Foreign-born residents account for 23.5% of the population in Eden Prairie, MN, and this percentage has decreased by 24.9% 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 | 53.9% | 4.3% |
% Black | 13.3% | -34.5% |
% Hispanic | 7.4% | -34.5% |
% Asian | 20.6% | 46.1% |
% Foreign Born | 23.5% | -24.9% |
Mortgage and Risk — Eden Prairie, MN
According to HUD data as of 2023, there were 139 mortgage originations in Eden Prairie, MN, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Eden Prairie, MN. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 139 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Eden Prairie, MN
Eden Prairie, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 398 |
Total Units Section 8 | 394 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,560 | $1,660 |
| 2 Bedroom | $110 | $1,920 | $2,030 |
| 3 Bedroom | $240 | $2,460 | $2,700 |
| 4 Bedroom | N/A | N/A | $3,030 |
Affordability — Eden Prairie, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $343,000 |
| Median Household Income | $89,600 |