55346, Eden Prairie, MN

The 55346 zip code of Eden Prairie, Minnesota is located in the Twin Cities metropolitan area. The median home value in this zip code is $252,000 and the median home equity value is $146,000. This means that the majority of homes in this zip code are worth more than their mortgage balances.

Home prices in Eden Prairie have been increasing steadily for the past few years. In March of 2018, the average home price was up 3.5% from March of 2017. The increase has been even greater for single-family homes: the average single-family home price was up 7% from March of 2017 to March of 2018.

This strong market growth has led to a rise in home equity values in Eden Prairie. As of March 2018, the median home equity value was up 6% from March of 2017. This indicates that many homeowners are able to borrow against their homes' values to cover some or all of their monthly expenses.

Despite these positive trends, there are some risks associated with buying a home in Eden Prairie right now. One risk is that interest rates could go down and make it harder for homeowners to pay off their mortgages. Another risk is that prices could fall if there are any major changes in the economy (e.g., a recession).