Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Edina area can be challenging. Home prices in Edina are now at a median cost of $523,397, higher than the Minnesota average of $269,934.
The average cost of rent is $1,548/mo in Edina, primarily driven by the current value of real estate in the Edina area. While nearly 38.25% of residents own their homes outright in Edina, 27.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Edina is $11,769 per month. Households that rent pay about 13.15% of their income on rent here. Edina's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Hopkins, MN: less expensive homes
- Richfield, MN: less expensive homes
- St. Louis Park, MN: less expensive homes
- Bloomington, MN: less expensive homes
- Minnetonka, MN: less expensive homes
- Eden Prairie, MN: less expensive homes
- Minneapolis, MN: less expensive homes
- Golden Valley, MN: less expensive homes
- Medicine Lake, MN: less expensive homes
- Deephaven, MN: higher priced homes
Cities with Similar Populations
- Evans, GA: less expensive homes
- Taunton, MA: less expensive homes
- Lincoln, CA: equally priced homes
- Logan, UT: less expensive homes
- Vero Beach, FL: less expensive homes
- Valley Stream, NY: equally priced homes
- Minnetonka, MN: less expensive homes
- Monroe, MI: less expensive homes
- Morgan Hill, CA: higher priced homes
- Asheboro, NC: less expensive homes
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