Location: Minneapolis-St. Paul-Bloomington, MN | Metro: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,640 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,600 |
| 4 Bedrooms | $2,910 |
| 5 Bedrooms | $3,376 |
| 6 Bedrooms | $3,781 |
| 7 Bedrooms | $4,083 |
| 8 Bedrooms | $4,287 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,640 | $301,100 | 0.54% | F |
| 2BR | $1,990 | $380,857 | 0.52% | F |
| 3BR | $2,600 | $591,333 | 0.44% | F |
| 4BR | $2,910 | $788,488 | 0.37% | F |
| 5BR | $3,376 | $1,022,521 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 55439, located in Edina, MN, presents a dynamic real estate market characterized by a strong rental sector and moderate price sensitivity. The Fair Market Rent (FMR) for the area stands at $1790 for the fiscal year 2024, while the actual market rent, according to the Census ACS, is slightly lower at $1,656. This indicates that the rental market is closely aligned with government standards, suggesting stability but also a potential for slight upward pressure on rents.
A price-cut share of just 0.2% signals a robust seller's market where homes rarely need to be discounted to attract buyers. This low figure contrasts with the median home value of $677,396, which is relatively high and may suggest a limited inventory of homes available for purchase. The days on market (DOM) being listed as N/A implies that homes are selling quickly, further supporting the notion that demand exceeds supply.
The 9.8% renter share in Edina is notably low, indicating that the majority of residents prefer to own their homes. However, this low percentage also points to long-term housing pressure, as it suggests a smaller pool of renters who might be willing to pay higher rents due to limited availability. This can create a situation where rental prices are less elastic and may rise steadily over time, driven by the scarcity of rental units.
In summary, ZIP 55439 operates under conditions where demand for both ownership and rental properties is strong, and supply is tight. The rental market reflects a stable yet potentially growing segment, influenced by the limited number of renters and the high median home values. Landlords and small-portfolio investors should consider these factors when evaluating property investments in Edina.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.