Edina, MN

Places To Live // USA // 

Minnesota
 // 
Edina, MN

Buying a home in Edina, Minnesota?

Know what to expect when living in Edina, MN
Considering a move to Edina, MN? We put properties in Minnesota under the PropertyLens to help prospective home buyers - like yourself - understand what living in Edina, MN might be like. Here's what we found...
83

%

Quality of life score

52,949

Population

3.1%

Population Growth

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Quality of Life in Edina, MN
Edina, Minnesota is a city that offers a high quality of life for its residents. With an average temperature of 44.9°, the city experiences mild weather throughout the year. The sky is mostly clear, with 60.0% of the day being sunny. The city receives an annual rainfall of 28 inches and an annual snowfall of 50 inches. Earthquakes are not a concern in this area. The city has 26.3% clear days, 7981 heating degree days, and 682 cooling degree days. On average, there are 31.51% rain days and 4.11% snow days. The quality of life index for Edina is 83, which is higher than the US average of 100. This is due to the city's low crime rate, excellent schools, and strong economy.
Typical Weather
44.9°

F

Average Temp

60.0%

Sky Hours

58%

Percent Sun

28

in

Annual Rain

50

in

Annual Snow

-

Earthquake

96

/365

Clear Days

7981

/14,129

Heat Days

115

/365

Rain Days

4.11%

/365

Snow Days

Edina, MN

NeighborhoodLens for Home Buyers

From house hunting gotchas (like seller disclosure requirements, insurability and potential property damage risks) to neighborhood must-knows (like population growth and quality of life indicators) this guide can help you know what to expect to make an informed, confident home buying decision.

Real Estate Market

Home buying in

Edina, Minnesota

Median Year Built

1973

Owner-Occupied

70.42%

Median Property Value

$526.3K

Renter-Occupied

29.58%

Overview

Real Estate Overview Data Needed

Why It Matters

Why It Matters Data Needed

Property Construction

Property Construction Data Needed

5,043

2010 or later

815

2000-2009

880

1990-1999

2,207

1980-1989

4,149

1970-1979

3,393

1960-1969

3,551

1950-1959

972

1940-1949

1,492

1939 or earlier

Property Values

Property Values Data Needed

367

$100k or less

1,811

$100k-200k

2,036

$200k-300k

2,970

$300k-400k

3,139

$400k-500k

6,215

$500k-750k

2,838

$750k-$1M

3,123

$1M or more

Population

Population Density & Growth in

Edina, Minnesota

Top Population (2023)

52,949

Family Population

42.8K

Family Population %

82.0%

Household Forecast

4.78%

Population Density

3,425.8

Population Forecast

54,590

Non-Family Population

9.4K

Non-Family Population %

18.0%

Overview

Edina is a city located in the state of Minnesota. As of 2023, the total population of Edina is 52949, with a population growth rate of 3.1%. The population density of Edina is 3425.8 people per square mile. This means that the city is relatively densely populated, with a high concentration of people living in a small area. The non-family population in Edina makes up 18.0% of the total population, while the family population makes up 82.0%. This indicates that Edina is a family-oriented community, with a majority of its residents living in households with families. The household forecast for Edina is 4.78%, which suggests that the city is experiencing steady growth in terms of the number of households. In 2028, the population of Edina is expected to reach 54591, which is a significant increase from the current population of 52949.

Why It Matters

Population density and growth are important factors to consider for potential home buyers in Edina. The high population density of the city means that there is a high demand for housing, which can lead to higher housing prices. This is especially important for home buyers to consider as the majority of households in Edina are owner-occupied, with only 29.58% being renter-occupied. This indicates that the housing market in Edina is competitive and may require a larger investment for those looking to purchase a home. Additionally, the steady population growth rate and forecast for Edina suggest that the city is a desirable place to live, with a growing community and potential for future development and opportunities.
Economic Factors

Income rates in

Edina, Minnesota

Top Population (2023)

52,949

Population Growth Rate

3.1%

Family Population

42.8K

Owner-Occupied

70.42%

Population Density

3,425.8

Population Forecast

54,590

Non-Family Population

9.4K

Household Forecast

4.78%

Renter-Occupied

29.58%

Overview

Edina is a city located in the state of Minnesota. As of 2023, the total population of Edina is 52949 with a population growth rate of 3.1%. The city has a high owner-occupied rate of 70.42%, indicating a strong sense of community and stability among its residents. The population density of Edina is 3425.8, making it a moderately populated city. The city has a good balance of both family and non-family households, with 42777 family households and 9387 non-family households. The household forecast for Edina is expected to increase by 4.78%, indicating a growing and thriving community. Edina also has a significant number of old and rich households, with 193 households having a median household income of $115015 and an average household income of $195973. The city also has 70 young and rich households, showcasing a diverse mix of residents. The personal income per capita in Edina is $83628, with a total personal income of $4428044706.

Why It Matters

Income rate information is crucial for potential home buyers as it provides insights into the economic stability and growth of a community. In the case of Edina, the high owner-occupied rate and household forecast indicate a strong and growing community, making it an attractive place to live. The presence of both old and rich households and young and rich households showcases a diverse mix of residents, providing a sense of inclusivity and opportunity. The high median and average household incomes also indicate a high standard of living and potential for economic growth. Overall, the income rates in Edina reflect a thriving and desirable community for potential home buyers.
$4.4B

Total Household Income

$474.8K

Median Household Income

$196K

Average Household Income

$103.5K

Personal Income per Capita

$4.4B

Total Personal Income

Crime & Safety

Crime in

Edina, Minnesota

Mortality Index

151

/200

Mortality Index
Index out of 200

Rape Index

31

/200

Burglary Index

64

/200

Car Theft

58

/200

Murder Index

49

/200

Murder Index
Index out of 200

Assault Index

83

/200

Larceny Index

72

/200

Total Crime

64

/200

Overview

Edina is a city located in the state of Minnesota. It is a relatively safe community with a total crime index of 64, which is lower than the national average. However, there are still some areas of concern that potential new citizens should be aware of. The city has a mortality index of 151, which is higher than the national average. This means that there is a higher risk of death in Edina compared to other cities in the United States. Additionally, the rape index is 31, which is also higher than the national average. This is a concerning statistic and highlights the need for increased awareness and prevention efforts in the community. The burglary index is 64, which is slightly lower than the national average, but still a cause for concern. Car theft is also a problem in Edina, with an index of 58. This is higher than the national average and indicates that residents should take precautions to protect their vehicles. The murder index is 49, which is lower than the national average, but still a serious issue that should not be ignored. Finally, the assault index is 83 and the larceny index is 72, both of which are higher than the national average. These statistics show that while Edina is generally a safe community, there are still areas of concern that potential new citizens should be aware of.

Why It Matters

Crime information is an important factor for potential home buyers to consider when looking for a new community to live in. It provides insight into the safety and security of the area, and can help individuals make informed decisions about where to live. In Edina, the higher mortality and rape indexes are particularly concerning and highlight the need for increased awareness and prevention efforts. The higher burglary and car theft indexes also indicate that residents should take precautions to protect their homes and vehicles. While the murder, assault, and larceny indexes are lower than the national average, they are still important to consider when evaluating the overall safety of the community. It is important for potential new citizens to be aware of these statistics and take them into account when making decisions about where to live.
Minnesota

Buyer's Guide

Ready to buy?

Expect the unexpected

While it's nearly impossible to know everything about a home before you buy, there are ways to avoid unplanned, costly repairs after closing. It starts with knowing a property's history, assessing the current condition and evaluating future potential risks so you can negotiate, budget and buy with confidence.

Know The Property History

Knowing a property's past can help you plan and budget for future repairs and improvements

What are real estate seller disclosures?

Seller disclosures are legally required documents that a home seller must provide to a buyer, detailing any known issues or defects with the property. These disclosures are important because they give the buyer critical information about the home's condition, which could influence the decision to purchase or the price offered.

Key 

Minnesota

Required Disclosures

Fire Disclosure

Not Required

Flood Disclosure

Not Required

Pest Disclosure

Not Required

Lead Paint Disclosure

Not Required

Why Seller Disclosures Matter

Why Seller Disclosures Matter Data Needed

Places - Insights

Buyer Beware

You're probably asking yourself, "Wait, aren't homeowners required to disclose issues when selling? What gives?!"

Buyer Beware Data Needed

Pro Tip: Buy with Confidence

Consider running a PropertyLens report to get a detailed history of any property including prior damage, modifications and repairs, as well as, a customized BuyerLens list of findings and questions to ask the seller to fill in the knowledge gaps.

Assess Current Condition

Getting a thorough home inspection

What are home inspections?

A home inspection is a thorough evaluation of a property's condition, typically conducted by a professional home inspector. The inspection usually takes place after an offer has been accepted but before the sale is finalized. The inspector examines various aspects of the home, including the structure, electrical systems, plumbing, roofing, HVAC (heating, ventilation, and air conditioning), and more.

Why Home Inspections Matter

Why Home Inspections Matter Data Needed

Places - Home Inspection

Buyer Beware

After an open house, you may think, "But everything looks good. Do I really need an inspection?" The ideal answer is yes.

Buyer Beware Data Needed

Pro Tip: Buy with Confidence

Consider running a PropertyLens report to get current and historic roof imagery as well as our customized InspectorLens checklist before scheduling a home inspection. Being able to look back at a birds eye view can help you spot unpermitted changes to the property and get a sense for roof damage over time. While home inspections are a critical part of buying a property, inspectors can overlook key issues - intentionally or not. The PropertyLens Report InspectorLens is your secret weapon for getting the most out of your home inspection.

Anticipate Future Risks

Common Risks in

Edina, Minnesota
Whether you choose to live in Edina, MN or elsewhere, understanding the environmental perils that could impact homes in Edina, MN is crucial for informed decision-making. PropertyLens provides insights and a full risk assessment for each property report in the continental US. These may include earthquake, wildfire, and flood. By being aware of these risks, homeowners - like you! - can better prepare and safeguard their properties against potential damages. Run a full PropertyLens Report on homes before you buy to get a full risk assessment.

Top 3 Property Damage Threats 

01

Frozen Pipes

02

Hail

03

Radon

What is property insurance?

Property insurance is a type of coverage that protects homeowners against financial loss from various risks associated with their property. These risks can include damage from events like fire, theft, vandalism, storms, and other natural disasters. Property insurance typically covers the physical structure of the home, personal belongings inside the home, and liability for accidents that occur on the property.

Why It Matters

  1. Financial Protection: Property insurance provides a safety net by covering repair or replacement costs in case of damage to the home or belongings, helping to avoid significant out-of-pocket expenses.
  2. Mortgage Requirement: Most mortgage lenders require property insurance as a condition for lending. This ensures that their investment is protected in case of unforeseen events.
  3. Peace of Mind: Knowing that your home and belongings are protected against potential risks gives you peace of mind, allowing you to focus on enjoying your new home.
  4. Liability Coverage: Property insurance often includes liability coverage, protecting you if someone is injured on your property and decides to sue.
  5. Risk Management: It helps manage the financial risks associated with owning a home, ensuring that unexpected events don't lead to financial hardship.
Places - Future Risks

Buyer Beware

The top 3 property damage threats for this state are frozen pipes, hail, and radon. Frozen pipes are a common risk in Minnesota due to the cold climate, which can cause pipes to burst and lead to water damage. Hail is another common risk, especially during severe thunderstorms, which can cause damage to roofs, windows, and siding. Radon is a naturally occurring gas that can seep into homes and pose a health risk if not properly mitigated.

Pro Tip: Buy with Confidence

Consider running a PropertyLens report to get key insurability factors to know ahead of time. Each PropertyLens Report includes an InsuranceLens which gives you customized premium estimates, the property risks That May Impact Premium or Require Additional Coverage and In-Depth Premium & Replacement Cost Factors to make sure your purchase is fully protected.

Avoid buyers remorse

with PropertyLens

All too often we hear the unfortunate stories of unforeseen issues that can cost you or your family thousands after closing. Don't be one of them.

Avoid Remorse 1

1.

Find properties

you LOVE

Whether you're just starting to house hunt or ready to make an offer, start by identifying properties you would consider buying.

Avoid Remorse 2

2.

Put them under the PropertyLens

In minutes, learn what sellers may be hiding and what to do about it with customized questions, inspection checklists, roof condition photos and SO MUCH MORE!

Avoid Remorse 3

3.

Buy with

confidence!

Avoid the regretful "If only I had known before I bought it!" With PropertyLens, you can be a home buying genius!