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City · 53,262 residents · Hennepin County, Minnesota

Edina , Minnesota

In Edina, a typical home is worth $646,300 and typical rent is $1,844 a month. Compared with all of Hennepin County, the typical home value is 64% higher, typical household income is 32% higher, and the share of households that own their home is 10 points higher.

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  • Typical home value

    $646,300

    64% above the county

    96% above Minnesota

    • Edina
    • Hennepin
    • Minnesota

  • Typical rent

    $1,844a month

    24% above the county

    44% above Minnesota

    • Edina
    • Hennepin
    • Minnesota

  • Typical household income

    $128,767a year

    32% above the county

    45% above Minnesota

    • Edina
    • Hennepin
    • Minnesota

  • Households that own their home

    72%

    10 points above the county

    About the same as Minnesota

    • Edina
    • Hennepin
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$624,597
4.3% more than 12 months ago
Typical rent
$2,015 a month
3.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Edina is in Hennepin County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Hennepin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Edina apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Edina is worth $646,300, 64% more than in Hennepin County as a whole ($392,900).

  2. Nearby, in Richfield, the typical home value is $344,000: 47% less than in Edina ($646,300).

  3. The typical household income in Edina is $128,767, 32% more than in Hennepin County as a whole ($97,653).

  4. Nearby, in Richfield, the typical rent is $1,393: 24% less than in Edina ($1,844).

  5. The typical rent in Edina is $1,844 a month, 24% more than in Hennepin County as a whole ($1,487).

  6. 72% of households in Edina own their home, against 63% in Hennepin County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Edina

What homes there are in Edina, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Edina, 5 in 10 homes are single-family detached houses, about the same as in Hennepin County.

Year built

In Edina, half of the homes were built before 1971; in Hennepin County, before 1973.

Homes in Edina are bigger: 56% have 3 bedrooms or more; in Hennepin County, 52%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 40% of owner-occupied homes in Edina are worth less than the FHA loan limit for Hennepin County ($552,000); the rest are worth more.

Monthly rent with utilities

With a mortgage

$3,193 a month

Hennepin County: $2,255 a month

Without a mortgage

$1,184 a month

Hennepin County: $853 a month

Owners with a mortgage

62%

Hennepin County: 69%

In Edina, 62% of owners have a mortgage, and their typical cost is $3,193 a month, against $2,255 in Hennepin County. Without one it drops to $1,184.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Edina rose 36%; in Hennepin County, it rose 42%.

The typical rent in Edina rose 31% since 2015–2019, about the same as in Hennepin County (31%).

Housing prices ran ahead of income in Edina: typical income rose 24%, against +36% for home values and +31% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureEdinaHennepin CountyMinnesotaUnited States
Rental vacancy Unreliable estimate5.9%5.3%5.5%
Homeowner vacancy Unreliable estimate0.6%0.6%0.9%
More than one person per room Unreliable estimate2.7%2.3%3.4%
People per household 2.292.302.432.53
Drive alone 64%60%69%69%
Carpool 3%6%8%9%
Public transit Unreliable estimate4%2%3%
Walk or bike 2%4%3%3%
Work from home 29%25%18%15%
Other means 1%2%1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Edina look like those in Hennepin County: 2.29 people on average.

Working from home is more common in Edina: 29%, against 25% in Hennepin County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Edina?

A typical home costs more than the typical income allows

We start with a typical home in Edina, worth $646,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 51% of the typical household income in Edina, which is $128,767 a year. For that payment to be 28% of income, a household would need to earn about $232,962 a year. Note: at that price the loan is above the FHA limit for Hennepin County ($552,000), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Hennepin County.

Your numbers

Local data
$

Starts at the typical home value in Edina. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $22,621 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,436

at 7.18% · 30 years

Loan amount
$634,593
Total interest
$913,031
Paid off in
November 2056

Includes $10,914 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,005 a month

  • Tight

    $3,005 to $3,863 a month

  • Hard

    more than $3,863 a month

    Your payment · 51%

Compared with the typical household income in Edina ($128,767 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,436
Principal & interest$4,299
Property tax$582
Home insurance$269
FHA mortgage insurance (MIP)$286

This loan is over the FHA limit

You'd borrow $623,679, but the FHA limit for a one-unit home in Edina is $552,000. You'd need a bigger down payment or a different loan.

You need at least $22,621 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Edina and Hennepin County

Edina is in Hennepin County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Edina's own numbers

Typical home value
$646,300
Typical monthly rent
$1,844
Typical yearly household income
$128,767
Households that own their home
72%
Effective property tax rate
1.08%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hennepin County

FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+30%
Homes in a high flood-risk zone
0.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hennepin County.

Everything about Hennepin County

Buying

Buying a home in Edina

A typical home in Edina is worth $646,300: 64% above the county and 96% above Minnesota. With the typical household income in Edina ($128,767 a year), a typical home costs 5.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Edina 5.0 years
  • Hennepin 4.0 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hennepin County

According to FHFA’s house price index, home prices in Hennepin County rose 65% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hennepin County.

Period County Minnesota U.S.
Last year (2025) +3.0% +2.8% +2.9%
5 years (2020–2025) +30% +37% +47%
10 years (2015–2025) +65% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Edina next to Hennepin County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Edina $646,300
  • Hennepin $392,900
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Edina $1,844
  • Hennepin $1,487
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Edina $128,767
  • Hennepin $97,653
  • Minnesota $89,062
  • United States $80,734
See the full table
Edina next to Hennepin County and Minnesota
Measure Edina Hennepin County Minnesota U.S.
Typical home value $646,300 $392,900 $329,300 $332,700
Typical monthly rent $1,844 $1,487 $1,280 $1,413
Typical yearly household income $128,767 $97,653 $89,062 $80,734
Households that own their home 72% 63% 72% 65%
Typical yearly property tax $6,951 $4,480 $3,357 $3,119
Effective property tax rate 1.08% 1.14% 1.02% 0.94%
Renters with high rent for their income 49% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hennepin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Edina

For a typical $646,300 home in Edina, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Edina's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,436a month

    Above the FHA limit for Hennepin County ($552,000)
    Down payment
    $22,621
    Cash to close
    $42,010
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $286

  • Conventional, 5% down $5,317a month

    Least cash to close
    Down payment
    $32,315
    Cash to close
    $51,704
    Rate
    7.18%
    Mortgage insurance
    PMI · $307

  • Conventional, 20% down, no PMI $4,354a month

    Down payment
    $129,260
    Cash to close
    $148,649
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,951a month

    Down payment
    $96,945
    Cash to close
    $116,334
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Edina and for Hennepin County.

Property tax

Effective rate in Edina

1.08%of the home’s value each year

$6,951 a year for the typical owner in Edina.

  • Edina 1.08%
  • Hennepin 1.14%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Hennepin County

FEMA does not publish these numbers by city: they are for all of Hennepin County.

Homes in the high-risk zone
0.5%
1,992
Of those, with NFIP insurance
15%
County Minnesota U.S.
Homes in the high-risk zone 0.5% 0.7% 3.5%
Of those, with NFIP insurance 15% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Edina

Typical rent in Edina is $1,844 a month: 24% above the county. In Edina, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Hennepin County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.

HUD fair market rent for all of Hennepin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,265 $24.33 $50,600
1 bedroom $1,427 $27.44 $57,080
2 bedrooms $1,734 $33.35 $69,360
3 bedrooms $2,264 $43.54 $90,560
4 bedrooms $2,538 $48.81 $101,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Edina

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Edina has 4 ZIP codes with their own.

For 2 bedrooms it runs from $1,990 in 55439 to $2,290 in 55424.

4 of the 4 are above the fair market rent for Hennepin County ($1,734).

  • 55424 $2,290$2,990
  • 55435 $2,130$2,780
  • 55436 $2,180$2,850
  • 55439 $1,990$2,600

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Edina when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Edina

HUD lists 8 buildings with rents for lower incomes in Edina. These are the largest.

  • Yorktown Continental 7151 York Ave S, Edina 55435 264 low-income homes · 1 bd: 262 · 2 bd: 2 · In service since 2015 · For older adults, families (952) 831-1446
  • South Haven 3400 Parklawn Ave, Edina 55435 100 low-income homes · 1 bd: 100 · In service since 2006 · For older adults (952) 831-3372
  • Yorkdale Townhomes 3280 W 76th St, Edina 55435 90 low-income homes · For families (952) 835-1998
  • Yorkdale Townhomes Multiple Building Addresses, Edina 55435 90 homes, 86 low-income · 1 bd: 10 · 2 bd: 56 · 3 bd: 20 · 4 bd: 4 · In service since 2012 · For families, people experiencing homelessness
  • 66 West 3330 W 66th St, Edina 55435 39 low-income homes · Studio: 39 · In service since 2017 · For people with disabilities, people experiencing homelessness

See all 329 buildings in Hennepin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Edina

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 8 HUD-approved agencies with an office in Hennepin County; 3 say they serve in Spanish.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Edina

No down payment, repair or rent-help program on our list is for Edina or Hennepin County. The ones below are statewide in Minnesota: they work in Edina the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Edina

The HUD-approved agencies closest to the center of Edina, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Prg, Inc.

    2017 E 38th St, Minneapolis · 6 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (612) 721-7556

  • Lutheran Social Service of Minnesota

    2400 Park Avenue, Minneapolis · 7 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

  • Isuroon

    1600 E Lake St, Minneapolis · 7 miles away

    Also serves in Arabic and other languages.

    • Budget and financial counseling
    • Budget and credit workshops
    • and 6 more
    (612) 886-2731

Every agency in Hennepin County All counseling agencies in Minnesota

Help in Spanish near Edina

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Edina

In HUD’s record, no housing authority with an office in Hennepin County is named for Edina or Hennepin County.

7 other authorities have an office in Hennepin County: see the list Source: HUD

Cities

Other cities in Hennepin County

These cities are also in Hennepin County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hennepin County Housing in Minnesota
See 13 more cities in Hennepin County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Edina, with the typical home value.

Neighboring counties

If Hennepin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Edina.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Edina

Short answers with the numbers for Edina and all of Hennepin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Edina?

The typical home value in Edina is $646,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hennepin County it is $392,900.

How much does it cost to rent in Edina?

Typical rent in Edina is $1,844 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hennepin County is $1,734.

What is the FHA loan limit in Edina?

Edina uses the FHA limit for all of Hennepin County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.

How much property tax do owners pay in Edina?

The typical homeowner in Edina pays $6,951 a year, according to the U.S. Census Bureau. That is 1.08% of the home’s value; in Hennepin County, the rate is 1.14%.

Where can I find free help to buy or rent in Edina?

There are 8 HUD-approved counseling agencies with an office in Hennepin County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).