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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 63,161 people, 25,026 houses or apartments, and a median cost of homes of $470,242, 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 54.34% of the city's housing units. Other types of housing that are prevalent in Eden Prairie include large apartment complexes or high rise apartments ( 22.42%), row houses and other attached homes ( 20.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.12%).
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 75.30% of Eden Prairie's homes, and 49.95% 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 ( 18.31%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.14%). There's also some housing in Eden Prairie built before 1939 ( 1.61%).
Eden Prairie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Eden Prairie during the period has been just 4.53%, which is lower than 70% of US communities.
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 5.26%, 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 -2.56%, which equates to an annual appreciation rate of -9.85%.
Notably, Eden Prairie's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that Eden Prairie's latest annual appreciation rate is lower than 90% 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.
$2,367 / per month