Market Overview
Home Prices in Edina, MN
The median home value in Edina, MN is $635,999 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Edina are priced55% above average. Edina is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Edina home values have risen by approximately20.0%, reflecting steady appreciation in this market.
Price History
Edina Home Price Trend
City Comparison
Edina vs. National Median
At $635,999, homes in Edina cost 55% above the national median of $410,000. Buyers in Edina should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Edina?
20% Down Payment
$127,200
on $635,999
Monthly P&I
$3,317/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,213/mo
incl. taxes & insurance
Income Needed
$168,520
gross annual (30% rule)
10% Down Option
$63,600
+ PMI applies
Loan Amount (20% dn)
$508,799
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Edina, MN?
The median home value in Edina is $635,999 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Edina?
Over the past year, home values in Edina have increased by 3.9%. Over five years, prices have risen approximately 20.0%.
How much do I need to earn to buy a home in Edina?
To comfortably afford the median home price of $635,999 with a 20% down payment ($127,200) at today's rates (6.8%), you'd need a gross annual income of approximately $168,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Edina compare to the national average home price?
The national median home value is approximately $410,000. At $635,999, homes in Edina are 55% above the national average.
What metro area is Edina part of?
Edina is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.