Edina, MN is a beautiful city with a median housing value of $546,700. This is more than double the US median housing value of $338,100. Despite this difference, the 1 year appreciation for houses in Edina is only 4.84%, much lower than the 8.27% appreciation for homes across the United States as a whole. This indicates that Edina's housing market may be slightly slowing down as compared to other parts of the country.
The median home cost in Edina is $546,700. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Edina is up 7.2%.
Average Age of Homes
- The median age of Edina real estate is 49 years old
The Rental Market in Edina
- Renters make up 25.1% of the Edina population
- 1.6% of houses and apartments in Edina, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.