What is the Best Neighborhoods USA ranking for Lake Edina?
Lake Edina is ranked #27 of 39 eligible neighborhoods in Edina; #137 of 275 eligible neighborhoods in MN; and #3,542 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Lake Edina
Edina, MN | Hennepin County
Scored premium profile
Best Neighborhoods USA Index
61.5
Stability and Strength
58.4
Value Opportunity
47.4
Momentum
86.2
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Edina, MN |
| County | Hennepin County |
| National rank | #3,542 of 14,967 |
| State rank | #137 of 275 |
| City rank | #27 of 39 |
| County rank | #97 of 185 |
| National percentile | 76.4 |
| National band | TOP_25_PERCENT |
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market
Inquire about this marketUnsold commercial placement. No local expert is currently assigned.
Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $825,571 |
| Year-over-year home value change | 7.6% |
| Month-over-month home value change | 0.23% |
| Home value to income ratio | 8.95 |
| Median household income | $92,244 |
| Bachelor's degree or higher | 65.8% |
| Civilian unemployment rate | 5.8% |
| Homeownership rate | 42.5% |
| Housing vacancy rate | 1.7% |
| Rent burden 30% or higher | 48.1% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Lake Edina
Is Lake Edina one of the best neighborhoods in Edina?
Lake Edina has a Best Neighborhoods USA Index of 61.5 and a city ranking of #27 of 39 eligible neighborhoods in Edina.
How much are homes worth in Lake Edina?
The current Zillow Home Value Index for Lake Edina is approximately $825,571.
Are home values rising or falling in Lake Edina?
Zillow neighborhood values changed 7.6% year over year and 0.23% month over month.
What is the Neighborhood Momentum Score for Lake Edina?
Lake Edina has a Neighborhood Momentum Score of 86.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Lake Edina?
The NDS-derived neighborhood median household income is approximately $92,244.
How affordable is Lake Edina relative to household income?
The current Zillow home-value-to-household-income ratio is 8.95. Price-to-income affordability is a major Value Opportunity input.
Is Lake Edina primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 42.5%.
What is the unemployment rate in Lake Edina?
The NDS-derived civilian unemployment rate is approximately 5.8%.
How educated are residents of Lake Edina?
Approximately 65.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Lake Edina face high rent burden?
Approximately 48.1% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Lake Edina?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications23
Estimated originations14
Home-purchase applications13
Origination rate59.0%
Home-purchase share57.8%
Average application loan$311,045
Total application loan amount$7,114,344
National application rank#10,197 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 15.3% YoY; originations 0.0% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.