Eden Prairie MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Eden Prairie, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Eden Prairie Housing Market Information

With a population of 64,400, 25,101 total housing units (homes and apartments), and a median house value of $359,029, Eden Prairie house prices are not only among the most expensive in Minnesota, Eden Prairie real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Eden Prairie, accounting for 53.53% of the city's housing units. Other types of housing that are prevalent in Eden Prairie include large apartment complexes or high rise apartments ( 22.33%), row houses and other attached homes ( 21.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Eden Prairie. Owner-occupied housing accounts for 72.85% of Eden Prairie's homes, and 52.80% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Eden Prairie built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Eden Prairie built between 2000 and later ( 17.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.35%). There's also some housing in Eden Prairie built before 1939 ( 1.15%).

Eden Prairie Home Appreciation Rates

Real estate appreciation rates in Eden Prairie's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.35% during the period.

Over the last year, Eden Prairie appreciation rates have trailed the rest of the nation. In the last twelve months, Eden Prairie's appreciation rate has been 0.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eden Prairie were at 1.35%, which equates to an annual appreciation rate of 5.49%.

Relative to Minnesota, our data show that Eden Prairie's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Eden Prairie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Eden Prairie - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Eden Prairie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$359,029

Eden Prairie, MN HOME PRICES

Value Range
> $1,122,000 1.6
$841,001 - $1,122,000 3.1
$561,001 - $841,000 14.2
$448,001 - $561,000 13.3
$336,001 - $448,000 20.9
$225,001 - $336,000 24.6
$112,001 - $225,000 18.7
$56,001 - $112,000 1.8
$0 - $56,000 1.8

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
14.0554744525547 7.39219712525667

Number Of Homes And Apartments:
25,101

Eden Prairie Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
45.03% 1.92%
3
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,721 / per month

Homeownership Rate

Homeownership
Owners 72.85
Renters 27.15
Vacant 3.72

Housing Market Details

 

Age of Homes

AGE OF Eden Prairie HOMES
2000 or Newer 17.7
1970 - 1999 74.8
1940 - 1969 6.3
1939 or Older 1.2

Types of Homes

TYPE OF Eden Prairie HOMES
Single-Family 53.5
Townhomes 21.7
Small Apt. Buildings 2.4
Apt. Complexes 22.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Eden Prairie HOMES
No Bedroom 0.91
1 Bedroom 8.42
2 Bedrooms 26.06
3 Bedrooms 25.31
4 Bedrooms 27.49
5 or more bedrooms 11.80