The story of this market
The typical home in ZIP 55347 sells for about $493,000, or $215 per square foot.
Prices are up +22.1% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $2,001 a month.
ZIP 55347 — Eden Prairie
The 55347 housing market is currently very competitive, characterized by low inventory and strong year-over-year price appreciation. High demand from affluent buyers and a limited supply of homes are driving prices upward, while the area's strong economic base and school quality continue to attract new residents.
This ZIP is ideal for affluent families and professionals seeking high-quality schools, safe neighborhoods, and proximity to major corporate employment hubs.
Median prices moved up 22.1% year over year.
Homes spend a median of 34 days on market with 2.3 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 99.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 2.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55347, Hennepin County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Eden Prairie consistently ranks as one of the safest cities in Minnesota, with crime rates significantly lower than the national and regional averages.
The area is served by the highly-rated Eden Prairie School District, known for strong academic performance and comprehensive extracurricular programs.
The area faces moderate risk from severe thunderstorms and occasional winter weather impacts; flood risk is generally low, concentrated near specific creek corridors.
The area maintains strong economic momentum as a hub for corporate headquarters and professional services, with ongoing redevelopment of commercial corridors.
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.
Residents benefit from direct access to I-494 and US-212, providing efficient transit to the Minneapolis-St. Paul employment core.
The ZIP features extensive access to the Minnesota River Valley, numerous city parks, and the Eden Prairie Center for shopping and dining.
The rental market is characterized by high demand and low vacancy rates, driven by the area's desirability and proximity to major employers.
The economy is anchored by major corporate headquarters in the technology, healthcare, and retail sectors, providing a stable and high-income employment base.
The area is served by a robust network of highways and is currently integrating into the regional light rail transit system.
Ongoing development focuses on mixed-use residential and commercial projects near the future light rail stations.
Parcels are subject to Eden Prairie School District (ISD 272) and Hennepin County taxing authorities.
Property insurance premiums are stable, reflecting the area's low risk profile for natural disasters.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.611.3 mi
- Valleyfair4.22.2 mi
- Great Wolf Lodge | Minnesota3.911 mi
- Nickelodeon Universe4.511.3 mi
- Slick City Action Park4.518.6 mi
- U.S. Bank Stadium4.614.6 mi
- Grand Casino Arena4.619.8 mi
- Minneapolis Convention Center4.513.8 mi
- Minnesota State Fair4.718 mi
- Canterbury Park4.52.6 mi
- Mall of America®4.611.3 mi
- Valleyfair4.22.2 mi
- Great Wolf Lodge | Minnesota3.911 mi
- Canterbury Park4.52.6 mi
- University of Minnesota Landscape Arboretum4.87.6 mi
- Minneapolis Institute of Art4.813.3 mi
- University of Minnesota Landscape Arboretum4.87.6 mi
- Science Museum of Minnesota4.619.9 mi
- Walker Art Center4.513.2 mi
- Historic Stone Arch Bridge4.815 mi
- University of Minnesota Landscape Arboretum4.87.6 mi
- Centennial Lakes Park4.77.6 mi
- Lake Harriet Regional Park4.810.6 mi
- Edinborough Park4.67.7 mi
- Westwood Hills Nature Center4.810.5 mi
- Knotty Oar Marina4.77.6 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.77.1 mi
- Your Boat Club Prior Lake4.77.3 mi
- The Minikahda Club4.410.9 mi
- Braemar Golf Course4.45.1 mi
- Brookview Golf Course and Lawn Bowling4.211.1 mi
- Stonebrooke Golf Club4.35.8 mi
- Legends Golf Club4.712.4 mi
- Mall of America®4.611.3 mi
- Twin Cities Premium Outlets4.512.5 mi
- Ridgedale Center4.49.9 mi
- Karmel Mall4.112.5 mi
- Asia Mall4.33.1 mi
- Minneapolis-Saint Paul International Airport4.413.2 mi
- Shoyu3.713.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features swimming beach, fishing pier, and extensive trail access.
Major regional retail and entertainment anchor.
Key-figure check: median price diverges 28.8% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $635,000 (+28.8% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.