The story of this market
The typical home in Eden Prairie, Minnesota sells for about $520,000, or $216 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Eden Prairie, Minnesota
Eden Prairie's housing market remains robust, driven by high demand for its top-tier school district and strong local employment base. While inventory remains tight, the city continues to see steady price appreciation and high sale-to-list ratios, reflecting a competitive environment for buyers. The ongoing infrastructure investment in the SWLRT line is further bolstering long-term market confidence.
No ARED county foreclosure postings attributed to Eden Prairie yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 3.2% year over year.
Homes spend a median of 39 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 4.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large community park featuring an observatory, amphitheater, and extensive trail network that serves as a central hub for local outdoor events.
A major regional shopping mall providing a wide array of retail, dining, and entertainment options, serving as a primary economic anchor for the city.
A premier private golf course that offers high-end recreational facilities and contributes to the city's appeal for affluent residents.
A popular lakeside park offering swimming beaches, fishing piers, and picnic areas, highly valued by families for its recreational access.
Eden Prairie is an ideal fit for families seeking high-quality schools and a safe, suburban environment with extensive recreational amenities. It also attracts corporate professionals and commuters who benefit from the city's central location in the southwest metro and its robust employment opportunities.
The city is served by the highly regarded Eden Prairie Public Schools, which consistently achieve top-tier state rankings for academic performance and college readiness. The district is known for its robust extracurricular programs and strong community support.
The city is well-connected via major highways including I-494 and US-212, facilitating efficient travel throughout the Twin Cities metro. The ongoing construction of the Southwest Light Rail Transit line represents a significant shift toward enhanced public transit accessibility.
Eden Prairie offers an extensive park system with over 100 miles of trails and numerous lakes, including Staring Lake and Riley Lake, which provide year-round outdoor recreation. The city also features major shopping destinations like Eden Prairie Center and several high-quality golf courses like Bent Creek.
The rental market in Eden Prairie is characterized by high demand and low vacancy rates, driven by the city's strong employment base and proximity to major transit corridors. While there is a mix of luxury apartment complexes and single-family rentals, the market remains tight with steady rent growth.
Eden Prairie's economy is anchored by a diverse mix of corporate headquarters, technology firms, and healthcare providers, including Optum and Starkey Hearing Technologies. The city maintains strong economic momentum due to its strategic location and high concentration of skilled labor.
Eden Prairie serves as a major employment hub in the southwest metro, hosting corporate headquarters for companies like Optum and Starkey Hearing Technologies. Infrastructure investment is focused on the expansion of the Southwest Light Rail Transit (SWLRT) line, which is expected to enhance regional connectivity.
Development planning is currently focused on the transit-oriented growth surrounding the future SWLRT stations and the revitalization of the city's commercial core. These projects aim to balance suburban character with increased density and improved infrastructure.
Parcels in Eden Prairie are subject to standard municipal and county levies, with no widespread MUD/PID structures common in other states. The city is served by the Eden Prairie Public School District, which operates as an independent taxing authority.
Eden Prairie consistently ranks as one of the safest cities in Minnesota, with crime rates significantly lower than the regional average for the Twin Cities metro area. The city maintains a proactive community policing model that contributes to its reputation for high public safety.
The city faces standard Midwestern climate risks, primarily related to severe thunderstorms and winter weather, with minimal flood risk outside of designated riparian zones. Property insurance markets remain stable, though premiums reflect regional trends in storm-related claims.
Property insurance in Eden Prairie is generally stable, with premiums reflecting the city's low risk profile for natural disasters. Residents benefit from the city's high-quality fire protection services and well-maintained infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter and City of Eden Prairie demographic profiles.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.