The typical owner-occupied home in Eden Prairie is worth about $473,900, 44% above the Minnesota median of $329,300 and 42% above the national median of $332,700. Owners pay a median $5,158 a year in property taxes, about 1.09% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $130,489 a year, so the median home costs 3.6 times the median income (3.7 times for Minnesota). 76% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Eden Prairie at a glance
| Eden Prairie | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $473,900 | $329,300 | $332,700 |
| Median property tax paid per year | $5,158 | $3,357 | $3,119 |
| Property tax as a share of value | 1.09% | 1.02% | 0.94% |
| Median household income | $130,489 | $89,062 | $80,734 |
| Homes lived in by their owners | 76% | 72% | 65% |
| Owner homes with a mortgage | 69% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,480 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 19.7% | 21.0% |
| Median rent | $1,833 | $1,280 | $1,413 |
| Rent as a share of renters' income | 26.9% | 29.2% | 30.6% |
| Median year homes were built | 1988 | 1979 | 1980 |
| Vacant homes | 3.4% | 9.3% | 10.1% |
| Population | 63,051 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Eden Prairie
At this week's average 30-year rate of 7.11%, buying the median Eden Prairie home of $473,900 with 20% down costs about $3,178 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,968, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $136,212 for the 20%-down payment. That payment is 29% of the median Eden Prairie household income of $130,489; at that income and 20% down, the 28% guideline points to a home of about $454,000.
The median rent here is $1,833 a month, so owning the median home costs about $1,345 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $94,780 |
|---|---|
| Loan amount | $379,120 |
| Principal and interest | $2,550 |
| Property taxes (1.09% a year) | $430 |
| Homeowners insurance (our estimate, 0.5% a year) | $197 |
| PMI | $0 |
| Total per month | $3,178 |
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| Down payment | $16,586 |
|---|---|
| Loan amount | $465,316 |
| Principal and interest | $3,130 |
| Property taxes (1.09% a year) | $430 |
| Homeowners insurance (our estimate, 0.5% a year) | $197 |
| FHA mortgage insurance | $210 |
| Total per month | $3,968 |
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Questions about home buying in Eden Prairie
What is the median home value in Eden Prairie?
About $473,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Eden Prairie?
Homeowners pay a median $5,158 a year, which is about 1.09% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Eden Prairie?
For the median home with 20% down at 7.11%, the payment is about $3,178 a month. Keeping that under 28% of gross income takes about $136,212 a year.
More about Eden Prairie
- Mortgage Refinance in Eden Prairie
- Debt Relief in Eden Prairie
- Home Equity Loans in Eden Prairie
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data