Zip 55424 (Edina, MN) Housing

The housing market in 55424 Edina, MN is quite expensive compared to the US median value of $338,100. The median house value in 55424 Edina is currently at $884,600. The 1 year appreciation rate for the US housing market has been 8.27%, while Edina has had a much slower appreciation rate of only 4.79%. This suggests that there may be a slow down in the housing market in Edina soon. Despite this, real estate investors are still showing interest due to the high median house prices and relatively stable appreciation rate.

The median home cost in Edina (zip 55424) is $884,600. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Edina (zip 55424) is up 7.1%.

Average Age of Homes

- The median age of Edina (zip 55424) real estate is 66 years old

The Rental Market in Edina (zip 55424)

- Renters make up 9.9% of the Edina (zip 55424) population
- 0.0% of houses and apartments in Edina (zip 55424), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Edina, Minnesota	United States
	3,852.0	139,647,020.0
	70	42
	$884,600	$338,100
	7.1%	16.6%
	40.7%	57.0%
	89.0%	101.1%
	$12.46	$10.98
	$9,722	$2,690
	91.2%	57.4%
	3.0%	11.2%
	5.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	2.3%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.8%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.1%	2.8%
	0.0%	3.9%
	0.1%	4.5%
	0.0%	11.3%
	0.3%	13.0%
	1.8%	20.1%
	7.7%	13.6%
	12.9%	8.3%
	24.5%	9.7%
	20.6%	3.9%
	14.5%	2.2%
	8.5%	0.8%
	8.9%	1.1%
Housing Units by Year Structure Built
	2.5%	0.2%
	3.5%	13.6%
	3.5%	13.6%
	0.7%	13.6%
	1.1%	13.2%
	3.7%	14.8%
	0.7%	13.6%
	24.3%	10.0%
	18.4%	4.7%
	30.2%	12.2%

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