Eden Prairie Minnesota Real Estate
Eden Prairie is located on the north bank of the Mississippi River and is probably the largest city in the state of Minnesota with a population of about 1.5 million people. Here the search for a new home begins, as there are more than 1,000 residential units and over 2,500 hectares of land.
There's not much going on here, and last year there was only one big sale of a new house in Eden Prairie, a $1.5 million house, but there's not much of that. Most of the land around Eden Prairie is gently hilly and steep, providing an attractive backdrop as many in this community overlook the Minnesota River and offer residents unforgettable views. Bryant Lake Regional Park covers most of Eden Prairie's lakes, so you can purchase lakeside properties at any time.
There are currently 146 properties for sale in Eden Prairie listed as active and with an offer price of $1.5 million or more by January 15, 2021. The average price is $2,000,043 and the average was built in 1992, according to the Minnesota Department of Natural Resources (MNDNR).
Prairie has a median owner's cost of $1,808, which is in the mid-range compared to other places in the area. Also, compared to Minnesota, Eden Prairie is 71.2% higher in terms of median property taxes paid ($2,500), showing the rent distribution in that area, and provides a frequency distribution of home prices in those areas. It is also useful to understand affordable housing funds and is great compared to the states in Minnesota. The following table from the Minnesota Department of Natural Resources (MNDNR), prepared for Greenwood by the US Bureau of Labor Statistics (BLS), shows a median cost for people who own a home in and around the Eden Prairie metro area from January 15, 2021 to January 20, 2022.
Eden Prairie has a median value of $368,100, which is in the mid-range of Minnesota, but not as high as other places in Minnesota. Eden Prairie has a median percentage income ($461) higher than that of the surrounding St. Paul, Minneapolis and Duluth regions, as well as the rest of the Minnesota metro area.
In the last quarter, NeighborhoodScout data shows that Eden Prairie houses are appreciating at a rate of 1.18%, an average of $1,000 a month, or about $2,500 a year. Compared to Minnesota, the data show that there is no significant difference between the average home value in Minnesota and the median value of other cities in the state.
Eden Prairie is 73.2% higher in terms of the median property tax paid, compared to the US average of 2.471%. Eden Prairie has a 27.0% decrease in rental rates, which is above the US average of 25.1% and lower than Minnesota's, as shown by the number of owners - occupied units per 100,000 square feet in the city. Eden Prairie is not only Minnesota's second largest city, with an average rent of $1,500 per month, but has also performed well in property taxes and income taxes.
Single-family homes are the most common type of apartment that can be seen in Eden Prairie. They account for more than half of the total number of owners - occupied apartments in the city, and 52 out of 69 have three or four bedrooms, which is an average size compared to America. Other types of apartments that occur in or near Eden Prairie include houses that have been converted into apartments or other small residential buildings, as well as single-family homes. Owner occupied apartments (owner occupied apartments) and single-family houses (single family houses) are among the more common types in Minnesota and the United States, although they account for less than 1.5% of all homes in both states.
Eden Prairie has a median gross cold rent of $1,402, which is the second highest in Minnesota and the third highest of all cities in the United States. Eden Prairie Minnesota ranks third among single-family homes per 100,000 residents and has the largest share of mortgages (16% of the total). Eden Prairie has had the highest median income of any city with at least 1 million residents since 2010, with a median gross rent of about $3,500, while median income across the state of Minnesota ($2,912) is 1.5 times higher on average. In the 2010 American Community Survey, the US Census Bureau ranked it first among cities with more than 2 million residents, but it had a larger share (33% overall) of mortgage-owned homes than any other city.
Figure 11 shows the proportion of people in Eden Prairie Metro station owning homes with mortgages, as well as the proportion of mortgages - homes without mortgages.
Ups and downs, new home buyers may find a house in Eden Prairie, and you can find homes for sale in the following neighborhoods. Glen Eden is one of the most sought-after residential areas for home buyers with a mortgage of between $1.5 million and $2.7 million. The most affordable homes with mortgages - homes under $500,000 - can be in Carmel Bluffs West.