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Edina

Learn about the people, housing, costs and businesses in Edina, Minnesota

Median Home$658,550
Median Rent$2,114/month
Population53,262
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation17% arts, food & hospitality
Home Value Growth+5.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners72% of occupied units
NotableHighly Educated42% bachelor's · 20% graduate · top 1% nationally
NotableHigh Incomes$157k/year · top 3% nationally
Edina
MN

Frequently Asked Questions

What are today's mortgage rates in Edina?

As of today, the 30-year fixed mortgage rate for Edina is approximately 6.839% (6.873% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Edina?

The median home value in Edina is $659k. The median monthly rent is $2,114. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Edina?

Home values in Edina have increased 5.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Edina?

Based on a typical all-in ownership cost of $2,360/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $101k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Edina is $157k/year.

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What industries drive the economy in Edina?

The largest employment sectors in Edina are public administration (25%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.