The Most Affordable Neighborhoods in Southdale, Edina, MN by Home Value

 

Southdale, Edina, MN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Southdale area can be challenging. Home prices in Southdale are now at a median cost of $194,320, lower than the Edina average of $523,397.

The average cost of rent is $1,742/mo in Southdale, primarily driven by the current value of real estate in the Southdale area. While nearly 54.62% of residents own their homes outright in Southdale, 63.85% rent.

Housing affordability isn’t just about home prices, though. The average household income in Southdale is $5,859 per month. Households that rent pay about 29.73% of their income on rent here. Southdale's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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