Edina, Minnesota.
Typical home $624,597 (+4.3% in a year), asking rent $2,015 (+3.2%). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,586 (+94%) since Jan 2020.
- 1 year
- Up $25,540 +4%
- $599,057$624,597 since Sep 2025
- 5 years
- Up $98,380 +19%
- $526,217$624,597 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Edina$3,278
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in Edina, MN rose 4.3% over the past year — faster than the nation's +1.2%.
Asking rents in Edina, MN rose 3.2% over the past year — faster than the nation's +2.7%.
Owning the typical home in Edina runs $2,526/mo more than renting one — the widest that gap has been in this data.
That is $4,541 a month against $2,015 rent: a $3,278 mortgage payment, plus $593 property tax and $669 insurance & upkeep.
Owning vs renting — Edina
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$4,541
- Renting$2,015
- Mortgage only$3,278
Property tax · $593/mo 1.14% of value a year — the ACS 2020-2024 median bill over the median home value for Hennepin County, MN
Insurance & upkeep · $669/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Edina, Hennepin County, Minnesota
Edina is a city of 53,494 people in Hennepin County. Half its households earn more than $128,767 a year and half less, against $97,653 across Hennepin County; 5% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Edina was 4.3% in August 2026, and Hennepin County had 0.2% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Edina is a city in Hennepin County where most homes are lived in by their owners, and incomes run well above the county's. Residents are older than in many places, and a large majority of adults hold a four-year degree, which is far more than in most of the country. Winters are cold and snowy, with January the coldest month, while July brings warm summer days.
Work. Many residents work in schools, hospitals and social care, with professional and business services, banks and insurance, and manufacturing also common. Among the largest workplaces in Edina are M Health Fairview Southdale Hospital, the Edina Public School District and Midco. The typical commute is short, and a good share of people work from home.
Things to do. Minneapolis Institute of Art, a museum, and the Walker Art Center, another museum, are both a short drive away. Saint Anthony Falls, a waterfall on the Mississippi, is also a short drive away, and Bde Maka Ska, a lake, is close by as well.
Report a mistake
- 22,914households
- 73%of adults have a degree
- 5%below the poverty line
- 20 mintypical commute
- 29%work from home
What residents work in
Employed residents by industry, from the Census survey. Hennepin County had 919,062 jobs in 2025, 0.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 9°; warmest in July, with highs near 83° and lows near 65°. About 51 inches of snow and 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Minneapolis/st Paul Airport weather station, 6 miles away (NOAA).
Largest workplaces in Edina
- MidcoTelecommunications carriers, wired2,448
- M Health Fairview Southdale HospitalGeneral hospital2,082FTE
- Edina Public School DistrictSchool district1,273FTE
- Sevita 350854_SUPPORTEDCorporate, subsidary and regional managing offices942
- American Fire Protection GroupFire sprinkler system installation700
- TargetDiscount department stores616
- Western National Mutual Insurance CompanyInsurance carriers, property and casualty, direct607
- FilmtecSheet, laminated plastics, manufacturing504
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 121 workplaces with 20 or more staff, 18,821 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Hailrelatively high in parts of EdinaRelatively moderate
- Heat wavesrelatively high in parts of EdinaRelatively moderate
- Strong windRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Edina’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hennepin County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Edina home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Edina$624,597
- Minnesota$348,778
- United States$366,157
Sellers are cutting prices on about 1 in 4 Edina listings, and the typical home goes pending in 31 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Edina28.40%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Edina31
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Edina245
New listings per month
Sellers arriving at the market.
- Edina69
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Edina$710,565
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Edina99.29%
Zip codes with a Edina address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Edina — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Edina
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 55436 | Minneapolis | 14,462 | $1,806 | $638,089 |
| 55435 | Minneapolis | 14,192 | $1,963 | $214,999 |
| 55424 | Minneapolis | 10,289 | $2,985 | $1,020,785 |
| 55439 | Minneapolis | 9,459 | $2,072 | $689,858 |