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ZIP Code · MN

ZIP 55424

Part of Edina, MN
Pop. 10,289·Hennepin County·1st most expensive ZIP in Minnesota
Median rent (all units)
$2,736/mo
Year-over-Year
-11.8%
Month-over-Month
+3.5%
vs US Median
+$785
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55424 · $2,736
More expensive than 85% of US ZIP codes · National median $1,951/mo
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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: June 22, 2026

Annual cost
$32,832/yr
At $2,736/mo median
Location
CityEdina
StateMN
CountyHennepin County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 11.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-11.8% YoY, +3.5% 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

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Local insights

Tips for renters in ZIP 55424

About renting in ZIP 55424

Last updated: June 22, 2026

ZIP code 55424 covers Edina, MN. The median rent here is $2,736/mo as of June 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,250/mo.

At 13% of local median household income ($250,001/yr), ZIP 55424 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 11.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55424?

As of June 22, 2026, the median monthly rent in ZIP 55424 (Edina, MN) is $2,736. This is based on aggregated data from public sources and community submissions.

How does ZIP 55424 rent compare to the US average?

ZIP 55424's median rent of $2,736/mo is $785 (40%) above the US national median of $1,951/mo.

How does ZIP 55424 compare to other ZIPs in Minnesota?

ZIP 55424 is one of the pricier ZIP codes in Minnesota, ranking #1 out of 122 ZIPs tracked at $2,736/mo.

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 $109,000/year (~$52/hour full-time) to afford the median rent of $2,736/mo in ZIP 55424. The local median household income is $250,001/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55424?

Rent in ZIP 55424 has decreased 11.8% over the past year as of June 22, 2026, offering some relief compared to 12 months ago.

Is ZIP 55424 an affordable place to rent?

ZIP 55424 is considered very affordable for renters. At $2,736/mo, rent takes approximately 13% of the local median household income ($250,001/yr). The standard benchmark is 30%. ZIP 55424 falls comfortably within that range.

What percentage of ZIP 55424 residents rent vs. own?

According to Census data, approximately 8.5% of ZIP 55424 households are renters, while 91.5% are owner-occupied. ZIP 55424 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55424 compare to the rest of Edina?

ZIP 55424 is pricier than Edina as a whole. At $2,736/mo, it's $737 above the Edina citywide median of $1,999/mo.

When was rent data for ZIP 55424 last updated?

Rent data for ZIP 55424 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
13%
VERY AFFORDABLE

At $2,736/mo, rent takes ~13% of ZIP 55424's median household income ($250,001/yr). The standard benchmark is 30%.

ZIP 55424 13%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55424 (Edina, MN)

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