Eden Prairie, Minnesota Real Estate Market Analysis

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Eden Prairie, Minnesota

3 ZIPs in this city:55344 55346 55347

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-23.4%

Faster

Price vs US

108%

Above avg

Median Listing Price

$539K

Population

63,051

Households

25,665

Median Days on Market

Active Listings

183

New Listings

106

Housing Market

Pricing

Median Listing Price

$539K-9.4% YoY

Average Listing Price

$726K-5.8% YoY

Price per Sq Ft

$210.525-1.1% YoY

Median Sq Ft

2,647+0.4% YoY

Inventory

Active Listings

183+33.6% YoY

New Listings

106+6.0% YoY

Total Listings

251-0.8% YoY

Buyer Competition

Pending Listings

71-38.8% YoY

Pending Ratio

0.38-54.2% YoY

Median Days on Market

37-3.9% YoY

Price Reduced

19.7%+21.8% YoY

Units & Occupancy

2024 Occupancy

572Kunits

Occupied539,49394.4%
Vacant32,0345.6%

2024 Tenure

539Koccupied

Owner338,26362.7%
Renter201,23037.3%

Renter Share

37.3%+0.7% YoY

Total Housing Units

571,527+1.3% YoY

FY2026 Fair Market Rent — Hennepin County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,242

/month

1 BR

$1,405

/month

2 BR

$1,709

/month

3 BR

$2,262

/month

4 BR

$2,531

/month

FMR Trends — Hennepin County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

63,051-0.3% YoY

2024 Age Mix

63Kresidents

Under 1814,50923.0%
Adults 18–6437,76959.9%
65 & Over10,77317.1%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

41.54+1.1% YoY

Population Under 18

14,509-6.3% YoY

Population 65 & Over

10,773+9.2% YoY

Households & Mobility

Total Households

25,665+0.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.45-1.2% YoY

2024 Residential Mobility

of residents

Same house88.5%
Moved (within US)10.7%
Other0.8%

Veterans

4.1%-4.2% YoY

Income & Poverty

Median Household Income

$132K+0.2% YoY

Per-Capita Income

$72K+2.0% YoY

Mean Household Income

$176K+1.1% YoY

Below Poverty Level

4.6%-22.7% YoY

Commuting

2024 Commute Mode

of workers

Drove alone59.1%
Public transit2.1%
Worked from home31.7%
Other7.0%

Worked From Home

31.7%+16.0% YoY

Mean Commute

21.44-2.4% YoY

Units & Tenure

Total Housing Units

26,557+0.7% YoY

2024 Occupancy

27Kunits

Occupied25,66596.6%
Vacant8923.4%

2024 Tenure

26Khouseholds

Owner19,53776.1%
Renter6,12823.9%

Avg Household Size — Owner

2.52-0.8% YoY

Avg Household Size — Renter

2.19-2.9% YoY

County Demographics

Median Age

37.62024

Population

Hennepin County Population

1,273,334+0.8% YoY

Households

Total Households

539,493+0.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-0.9% YoY

Age

2024 Age Mix

1.3Mresidents

Under 18274,24821.6%
Adults 18–64797,19762.8%
65 & Over198,05115.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

274,248-0.8% YoY

Population 65 & Over

198,051+3.3% YoY

Median Age

37.60+0.5% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.4%
Other0.6%

Veterans

4.5%-4.3% YoY

County Economy

Income

Median Household Income

$98K+1.4% YoY

Per-Capita Income

$59K+3.1% YoY

Mean Household Income

$138K+2.3% YoY

Poverty

Below Poverty Level

10.0%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone60.0%
Public transit3.5%
Worked from home25.2%
Other11.3%

Worked From Home

25.2%+12.5% YoY

Mean Commute

21.90-2.2% YoY

Eden Prairie, Minnesota

3 ZIPs in this city:55344 55346 55347

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-23.4%

Faster

Price vs US

108%

Above avg

Median Listing Price

$539K

Population

63,051

Households

25,665

Median Days on Market

Active Listings

183

New Listings

106

Housing Market

Pricing

Median Listing Price

$539K-9.4% YoY

Average Listing Price

$726K-5.8% YoY

Price per Sq Ft

$210.525-1.1% YoY

Median Sq Ft

2,647+0.4% YoY

Inventory

Active Listings

183+33.6% YoY

New Listings

106+6.0% YoY

Total Listings

251-0.8% YoY

Buyer Competition

Pending Listings

71-38.8% YoY

Pending Ratio

0.38-54.2% YoY

Median Days on Market

37-3.9% YoY

Price Reduced

19.7%+21.8% YoY

Units & Occupancy

2024 Occupancy

572Kunits

Occupied539,49394.4%
Vacant32,0345.6%

2024 Tenure

539Koccupied

Owner338,26362.7%
Renter201,23037.3%

Renter Share

37.3%+0.7% YoY

Total Housing Units

571,527+1.3% YoY

FY2026 Fair Market Rent — Hennepin County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,242

/month

1 BR

$1,405

/month

2 BR

$1,709

/month

3 BR

$2,262

/month

4 BR

$2,531

/month

FMR Trends — Hennepin County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

63,051-0.3% YoY

2024 Age Mix

63Kresidents

Under 1814,50923.0%
Adults 18–6437,76959.9%
65 & Over10,77317.1%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

41.54+1.1% YoY

Population Under 18

14,509-6.3% YoY

Population 65 & Over

10,773+9.2% YoY

Households & Mobility

Total Households

25,665+0.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.45-1.2% YoY

2024 Residential Mobility

of residents

Same house88.5%
Moved (within US)10.7%
Other0.8%

Veterans

4.1%-4.2% YoY

Income & Poverty

Median Household Income

$132K+0.2% YoY

Per-Capita Income

$72K+2.0% YoY

Mean Household Income

$176K+1.1% YoY

Below Poverty Level

4.6%-22.7% YoY

Commuting

2024 Commute Mode

of workers

Drove alone59.1%
Public transit2.1%
Worked from home31.7%
Other7.0%

Worked From Home

31.7%+16.0% YoY

Mean Commute

21.44-2.4% YoY

Units & Tenure

Total Housing Units

26,557+0.7% YoY

2024 Occupancy

27Kunits

Occupied25,66596.6%
Vacant8923.4%

2024 Tenure

26Khouseholds

Owner19,53776.1%
Renter6,12823.9%

Avg Household Size — Owner

2.52-0.8% YoY

Avg Household Size — Renter

2.19-2.9% YoY

County Demographics

Median Age

37.62024

Population

Hennepin County Population

1,273,334+0.8% YoY

Households

Total Households

539,493+0.9% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-0.9% YoY

Age

2024 Age Mix

1.3Mresidents

Under 18274,24821.6%
Adults 18–64797,19762.8%
65 & Over198,05115.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

274,248-0.8% YoY

Population 65 & Over

198,051+3.3% YoY

Median Age

37.60+0.5% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house85.0%
Moved (within US)14.4%
Other0.6%

Veterans

4.5%-4.3% YoY

County Economy

Income

Median Household Income

$98K+1.4% YoY

Per-Capita Income

$59K+3.1% YoY

Mean Household Income

$138K+2.3% YoY

Poverty

Below Poverty Level

10.0%0.0% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone60.0%
Public transit3.5%
Worked from home25.2%
Other11.3%

Worked From Home

25.2%+12.5% YoY

Mean Commute

21.90-2.2% YoY