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Edina city, MN

ZIP 55424 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55424

Median Home Value
$959,800
Median Rent
$1,685
Affordability Snapshot
$264,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,166/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

47.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55424 in Edina city, MN, a household would need roughly $264,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $6,166. That is roughly in line with the local median household income ($241,875). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
91.6%+40% vs US avg
x
Vacancy Rate
4.9%-53% vs US avg
x
Broadband Access
96.8%+11% vs US avg
x
4+ Bedrooms
27.0%+82% vs US avg
x
Built Pre-1939
13.8%+7% vs US avg
x
Built Post-2014
2.9%-58% vs US avg
x
Rent Burden >30%
16.7%-66% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$959,800
Home Value
$1,685
Rent
1952
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached89.8%
  • 1-unit attached2.3%
  • 2-9 units2.8%
  • 10+ units5.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$959,800
Median rent$1,685
Owner-occupied91.6%
Vacant4.9%
Price-to-income4.0x
Est. income to buy$264,000