The story of this market
The typical home in ZIP 55424 sells for about $995,000, or $350 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $2,048 a month.
ZIP 55424 — Edina
The 55424 housing market remains highly competitive, driven by limited inventory and strong demand for luxury properties in the Edina school district. Prices continue to appreciate steadily, reflecting the area's desirability and high household income levels. Most metrics indicate a stable, high-value market with low turnover.
This ZIP is ideal for affluent families and established professionals seeking high-quality schools, proximity to urban employment centers, and a quiet, upscale suburban lifestyle.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 6.2 months of supply — a balanced-paced 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 3.1% · poverty 1.6% — 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 6.2%/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 5.9%/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 55424, 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.
The area reports low crime rates consistent with its status as a highly affluent residential suburb, consistently ranking safer than the regional average for the Twin Cities metro.
The ZIP is served by the highly-regarded Edina Public Schools, which are consistently ranked among the top districts in Minnesota for academic performance and college readiness.
The area faces minimal wildfire risk but is subject to standard regional climate considerations including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near Minnehaha Creek.
Economic momentum is driven by its proximity to major corporate headquarters in the Twin Cities and the ongoing redevelopment of the 50th & France commercial district.
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 excellent access to Highway 100 and Crosstown Highway 62, providing a direct 15-20 minute commute to downtown Minneapolis and the MSP International Airport.
The area features extensive park systems including Arden Park and Cornelia School Park, with proximity to the 50th & France shopping district and numerous private golf clubs.
The rental market is characterized by low vacancy rates and high demand for luxury single-family rentals, with limited multi-family inventory available.
The local economy is anchored by professional services, healthcare, and proximity to the corporate headquarters of major retailers and financial firms in the Minneapolis-St. Paul metro.
Development is focused on infill luxury residential projects and the modernization of existing commercial corridors.
Parcels are primarily served by Edina Public Schools and standard municipal utility districts.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in the Upper Midwest.
Data retrieved from data.census.gov ZCTA 55424 profile.
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®4.66.2 mi
- Valleyfair4.29.3 mi
- Great Wolf Lodge | Minnesota3.95.7 mi
- Nickelodeon Universe4.56.2 mi
- Slick City Action Park4.513.2 mi
- U.S. Bank Stadium4.66.1 mi
- Grand Casino Arena4.612.1 mi
- Minneapolis Convention Center4.55.4 mi
- Minnesota State Fair4.79.7 mi
- Topgolf Brooklyn Center4.311.5 mi
- Mall of America®4.66.2 mi
- U.S. Bank Stadium4.66.1 mi
- Como Park Zoo & Conservatory4.710.6 mi
- Minnesota Zoo4.612.2 mi
- Valleyfair4.29.3 mi
- Minneapolis Institute of Art4.84.9 mi
- Science Museum of Minnesota4.612.2 mi
- University of Minnesota Landscape Arboretum4.813.7 mi
- Union Depot4.512.9 mi
- Walker Art Center4.54.9 mi
- Como Park Zoo & Conservatory4.710.6 mi
- Minneapolis Sculpture Garden4.74.9 mi
- Centennial Lakes Park4.73 mi
- Lake Harriet Regional Park4.82.2 mi
- Boom Island Park4.76.8 mi
- Topgolf Brooklyn Center4.311.5 mi
- The Minikahda Club4.42.6 mi
- Puttery4.76.2 mi
- Braemar Golf Course4.43.5 mi
- Brookview Golf Course and Lawn Bowling4.25 mi
- Mall of America®4.66.2 mi
- Twin Cities Premium Outlets4.59 mi
- Rosedale Center4.311 mi
- Ridgedale Center4.46.1 mi
- Karmel Mall4.14.1 mi
- Minneapolis-Saint Paul International Airport4.46.6 mi
- Shoyu3.76.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Premier upscale shopping and dining destination serving the Edina community.
Large community park featuring trails and access to Minnehaha Creek.
Private club offering golf and social amenities to local residents.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).