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ZIP Code · MN

ZIP 55435

Part of Edina, MN
Pop. 14,192·Hennepin County·25th most expensive ZIP in Minnesota
Median rent (all units)
$1,962/mo
Year-over-Year
+2.6%
Month-over-Month
+0.8%
vs US Median
-$3
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55435 · $1,962
More expensive than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,530
1 BR
$1,730
2 BR
$2,110
3 BR
$2,790
4 BR+
$3,120
Research median
$2,110/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: July 20, 2026

Annual cost
$23,544/yr
At $1,962/mo median
Location
CityEdina
StateMN
CountyHennepin County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.6% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 55435 (Edina, MN) is roughly split between renters and owners, has a large retiree population, 62.6% of residents hold a bachelor's degree or higher.

Population
14,192
Median income
$79,884
Median age
48.3
Renters
52.4%
Age distribution
14.6%
23%
17.5%
13.5%
31.4%
Under 1814.6%
18–3423%
35–5417.5%
55–6413.5%
65+31.4%
Gender
42.9%
57.1%
Male42.9%
Female57.1%
Race & ethnicity
73.4%
White73.4%
Black6.8%
Hispanic6.1%
Asian10.1%
Other3.6%
Education (25+)
22.7%
62.6%
No HS diploma2.7%
HS diploma12%
Some college22.7%
Bachelor's+62.6%
Housing tenure
47.6%
52.4%
Owner47.6%
Renter52.4%

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

2021 vs 2026

How ZIP 55435 in Edina, MN has changed in 5 years

Income
$68,511 → $79,884
up 16.6%
Population
13,753 → 14,192
up 3.2%
Renter share
57.3% → 52.4%
-4.9 pts
Bachelor's+
61.1% → 62.6%
+1.5 pts

Local incomes tracked alongside that move, going from a median of $68,511 in 2021 to $79,884 more recently. Headcount in the area went from 13,753 to 14,192 between 2021 and 2024, a 3.2% change. About 52.4% of households rent today, against 57.3% in 2021.

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Local insights

Tips for renters in ZIP 55435

About renting in ZIP 55435

Last updated: July 20, 2026

ZIP code 55435 covers Edina, MN. The median rent here is $1,962/mo as of July 2026. A 1-bedroom rents for a median of $1,730/mo. A 2-bedroom rents for a median of $2,110/mo.

At 29% of local median household income ($79,884/yr), ZIP 55435 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55435?

As of July 20, 2026, the median monthly rent in ZIP 55435 (Edina, MN) is $1,962. This is based on aggregated data from public sources and community submissions.

How does ZIP 55435 rent compare to the US average?

ZIP 55435's median rent of $1,962/mo is $3 (0%) below the US national median of $1,965/mo.

How does ZIP 55435 compare to other ZIPs in Minnesota?

ZIP 55435 is one of the pricier ZIP codes in Minnesota, ranking #25 out of 123 ZIPs tracked at $1,962/mo.

How much income do you need to rent in ZIP 55435?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,962/mo in ZIP 55435. The local median household income is $79,884/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55435?

Rent in ZIP 55435 has increased 2.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55435 an affordable place to rent?

ZIP 55435 is considered affordable for renters. At $1,962/mo, rent takes approximately 29% of the local median household income ($79,884/yr). The standard benchmark is 30%. ZIP 55435 falls comfortably within that range.

What percentage of ZIP 55435 residents rent vs. own?

According to Census data, approximately 52.4% of ZIP 55435 households are renters, while 47.6% are owner-occupied. With a majority renter population, ZIP 55435 has a strong rental market.

How does ZIP 55435 compare to the rest of Edina?

ZIP 55435 is more affordable than Edina overall. At $1,962/mo, it's $47 below the Edina citywide median of $2,009/mo.

When was rent data for ZIP 55435 last updated?

Rent data for ZIP 55435 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,962/mo, rent takes ~29% of ZIP 55435's median household income ($79,884/yr). The standard benchmark is 30%.

ZIP 55435 29%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55435 (Edina, MN)

Recent submissions

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