Edina has established itself as one of the nation’s top real estate markets because of its remarkably high property values and consistently rising sales prices. This affluent city offers exceptional schools, safe neighborhoods, and economic opportunities. From desirable demographics to booming job growth, it’s easy to see the appeal of staking your claim in this premier property market. Edina MN real estate experts Cari Ann Carter Group highlights six key reasons home buyers and investors are clamoring over Edina:
- Strong job market and economy
Edina has a strong job market, and the economy supports high demand for real estate. Major employers include corporations like Cargill, Regis, and Jerry’s Enterprises. Unemployment in the city tends to be lower than state and national levels. The median household income is over $91k, much higher than the median state. Since they have high-paying jobs, Edina residents can afford to invest in upscale houses.
- Excellent public schools
Edina public schools are consistently ranked among the top districts in Minnesota. High-achieving schools like Edina High draw families to the area, increasing demand for housing that falls within district boundaries. The exceptional schools also help boost the resale value of homes. Edina schools score top marks for academics, athletics, activities, and facilities from elementary to high school.
- Affluent community and lifestyle
Edina offers an exceptionally high quality of life. The city provides excellent parks and recreation opportunities, such as Braemar Golf Course & Ski Area. There is superb dining and shopping at Southdale Center and Galleria. Edina has features that draw potential buyers, including a well-educated population, a thriving cultural scene, and family-friendly parks and activities.
- Convenient location and transportation
Edina benefits from a convenient location in the Twin Cities metro. Residents can easily access downtown Minneapolis and St. Paul for work and leisure. There are quick connections to the Minneapolis-St. Paul International Airport and Mall of America. The city also has excellent highways, public transit, and bike lanes for commuting around town. This level of access and convenience is rare in the suburbs, adding to the allure.
- Strong housing market and values
The Edina housing market is strong across the board for both single-family homes and multi-family units. Home values in Edina are among the highest in the state, with the median home value at $420k. Appreciation rates outpace state and national levels as well. Steady population growth ensures consistent housing demand.
- Edina real estate: Premium developments and renovations
Edina has some of the most expensive real estate possibilities in the Twin Cities metro area since most residents are in the upper-class economic bracket. Numerous high-end condominium projects, such as ONE Southdale Place, are under construction in addition to executive housing. Some exceptional historic homes are also undergoing luxurious renovations and hitting the market. These upscale residences support Edina’s position as a premier market for affluent buyers and sellers.
Buying a home in Edina
Edina has highly-ranked schools, low crime rates, and a thriving downtown in Southdale, making it a popular suburb for young families and professionals. Due to budgetary restrictions and bidding wars for prime properties close to 50th & France, purchasing a property in this area is competitive. Prospective buyers should come prepared to act decisively when the perfect brick colonial or updated rambler hits the market.