ZIP Code 55424 — Edina, MN Home Prices (2026)
The typical home in ZIP 55424 (Edina, Minnesota) is worth about $1,046,000 at roughly $413 per square foot — 56% more expensive than the Edina median and 256% more expensive than the typical U.S. home.
How 55424 compares
ZIP 55424 is one of the pricier ZIP codes in Edina: its typical home value of $1,046,000 ranks #1 of the 4 Edina ZIP codes we track (the citywide range runs from $214,000 in 55435 to $1,046,000 in 55424). Per square foot it costs about $413, against $274 for Edina as a whole, $189 for Minnesota, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 55424 | $1,046,000 | $413 |
| Edina, MN | $671,500 | $274 |
| Minnesota | $304,000 | $189 |
| United States | $294,000 | $195 |
Home value by size in 55424
Using this ZIP’s rate of about $413 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $413,000 |
| 1,500 sq ft | $619,500 |
| 2,000 sq ft | $826,000 |
| 2,500 sq ft | $1,032,500 |
| 3,000 sq ft | $1,239,000 |
Salary needed to buy a home in ZIP 55424
To buy the typical $1,046,000 home in ZIP 55424 with 20% down, you need a household income of roughly $285,000 a year (about $6,640 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $338,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $52,300 | $8,250/mo | $354,000/yr |
| 10% (+PMI) | $104,600 | $7,890/mo | $338,000/yr |
| 20% | $209,200 | $6,640/mo | $285,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 55424
At about $413 per square foot, here is roughly how much home different budgets get you in ZIP 55424:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $500k | 1210 sq ft | below the local median — condos, smaller or older homes |
| $600k | 1450 sq ft | below the local median — condos, smaller or older homes |
| $750k | 1820 sq ft | below the local median — condos, smaller or older homes |
| $1.00M | 2420 sq ft | around the typical home here |
| $1.50M | 3630 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 55424 home.
Estimate a specific home in 55424
The estimator below is pre-set to ZIP 55424 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Edina ZIP codes by home value
Where 55424 sits among Edina’s 4 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 55424 (this page) | $1,046,000 | $413 |
| 2 | 55439 | $698,000 | $273 |
| 3 | 55436 | $645,000 | $275 |
| 4 | 55435 | $214,000 | $186 |
ZIP 55424 home prices: frequently asked
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What is the price per square foot in 55424? +
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See the full Edina home values page, all Minnesota cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.