ZIP Code · MN

ZIP 55424

Part of Edina, MN

Pop. 10,289·Hennepin County·2nd most expensive ZIP in Minnesota

Median rent (all units)

$2,985/mo

Year-over-Year

+4.3%

Month-over-Month

+0.2%

vs US Median

+$1,053

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55424 · $2,985

More expensive than 90% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,640

1 BR

$1,850

2 BR

$2,250

3 BR

$2,980

4 BR+

$3,330

Research median

$2,250/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Minnesota

Rent in ZIP 55424 changed +4.3% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($250,001) is $6,250 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,330).

Rank in Edina

3rd cheapest of 3 ZIP codes in Edina.

Cheaper nearby

ZIP 55410, 1 mile away, rents for 21% less ($2,352/mo), about $7,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55424. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$35,820/yr

At $2,985/mo median

Location

CityEdina

StateMN

CountyHennepin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.3% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 55424 (Edina, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 85.6% of residents hold a bachelor's degree or higher.

Population

10,289

Median income

$250,001

Median age

43.1

Renters

8.5%

Age distribution

29.4%

28.8%

17.9%

13.9%

Under 1829.4%

18–3410%

35–5428.8%

55–6417.9%

65+13.9%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

85.6%

White85.6%

Black0.8%

Hispanic2.4%

Asian3.9%

Other7.4%

Education (25+)

85.6%

No HS diploma0.6%

HS diploma3.3%

Some college10.6%

Bachelor's+85.6%

Housing tenure

91.5%

Owner91.5%

Renter8.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55424 in Edina, MN has changed in 5 years

Income

$206,038 → $250,001

up 21.3%

Population

10,712 → 10,289

down 3.9%

Renter share

5.9% → 8.5%

+2.6 pts

Bachelor's+

85.7% → 85.6%

-0.1 pts

Median age

41.2 → 43.1

+1.9 yrs

On the earnings side, the typical household in ZIP 55424 in Edina, MN now reports about $250,001, up from $206,038 in 2021. Headcount in the area went from 10,712 to 10,289 between 2021 and 2024, a 3.9% change. About 8.5% of households rent today, against 5.9% in 2021.

Community

Discussions about ZIP 55424

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Local insights

Tips for renters in ZIP 55424

About renting in ZIP 55424

Last updated: October 17, 2026

ZIP code 55424 covers Edina, MN. The median rent here is $2,985/mo as of October 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,250/mo.

At 14% of local median household income ($250,001/yr), ZIP 55424 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55424?

To keep rent at or below 30% of gross income, you would need to earn at least $119,000/year (about $57/hour full-time) to afford the median rent of $2,985/mo in ZIP 55424. The local median household income is $250,001/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55424?

Rent in ZIP 55424 has risen 4.3% over the past year.

How does ZIP 55424 compare to other ZIPs in Minnesota?

ZIP 55424 is one of the pricier among Minnesota ZIP codes for rent, ranking #2 of 123 at $2,985/mo. Over the year to September 2026, rent in ZIP 55424 changed +4.3%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.