Real Estate and Mortgage Guide for Edina, MN

In Hennepin County is a town known as Edina, Minnesota. This former milling and farming area has developed to a suburb on the southwest area of Minneapolis.

Population and Number of Homes

The 2012 census shows that the total population for Edina is just over 49,000 people. With 22,000+ housing units the population density is 3,103 people for every square mile.

The breakdown of the Edina citizens by age groups is as follows:

Age range Percentage of Population
Under 18 24%
18 to 24 4%
25 to 44 21%
45 to 64 29%
Over 65 20%

Currently the Edina media age is 45 years.

Local Economy

Edina has several large employers that have a pronounced impact on the local economy. Based on the number of employees for each company, here are the largest employers in the city

  • Fairview Southdale Hospital
  • Macy’s Department Store
  • Edina Public School district
  • Regis Salons corporate headquarters
  • Jerry’s Foods corporate headquarters
  • Lund Food Holdings corporate headquarters

Average Weather

Edina enjoys 4 true seasons throughout the year with a wide range of temperatures. The hottest time of the year is normally in July when the highs can reach 81 degrees. The coldest time of the year occurs in January when the lows can get to 6 degrees.

Over the course of the whole year Edina usually receives a total of 35 inches of rain. During the winter months a grand total of 55 inches of snowfall will occur in the city.

Universities, Colleges and Junior Colleges

Within Edina are Devry University, Minnesota School of Business and Excel College. Due to the proximity to Minneapolis, the following schools are just a short drive away:

  • Normandale Community College
  • Capella University
  • Augsburg College
  • Minneapolis Community and Technical College
  • Walden University
  • University of Minnesota – Twin Cities campus

Public School System

There is a single high school, Edina High School, along with 2 middle schools and 6 elementary schools located in Edina. Independent School District 273 operates the schools for Edina.

Edina typically ranks as the top high school in all of Minnesota as well as placing in the top 100 high schools across the country.

Private Schools

4 private schools are located in Edina. Excel High School is the only school that offers classes up to the 12th grade. The other schools are

  • Calvin Christian School
  • St Peters Lutheran School
  • Our Lady Grace

Important Stats for Level of Education

For Edina citizens that are above the age of 25, here are the relevant education statistics

  • 97% have graduated high school
  • 66% have earned a bachelor’s degree
  • 26% have earned either a professional or graduate degree
  • The unemployment rate is 5%

Transportation Options

At this time there are no public transportation options in Edina.

Popular Restaurants and Other Hot Spots

Edina is home to a variety of restaurants that covers a wide range of cuisines and interests.

  • Salut – offering French items
  • Good Earth – provides smoothies, a juice bar and gluten free options
  • Original Pancake House – Breakfast specialty diner that also offers brunch
  • Crave – sushi bar that has some gluten free choices
  • Convention Grill – throwback diner made in the style of the 50’s
  • Pittsburgh Blue – steakhouse that also has good selection of seafood

Hospitals

The main hospital in Edina is Fairview Southdale Hospital. There are also a few offerings for home health care and same day surgery as well as two nursing homes.

Outdoor Activities

Edina Park and Recreation Department is in charge of 44 parks scattered around the town. All combined, the parks have over 1,500 acres of recreation space. The parks have facilities for such activities as

  • Football
  • Soccer
  • Baseball
  • Basketball
  • Softball
  • Tennis
  • Outdoor skating rink
  • Playground equipment
  • Picnic shelters

Why Choose us as Your Edina Mortgage Lender?

We are a banker specializing in mortgage loans. With licensed offices in 48 states we have the staff and the experience to meet any home loan need.

We won twice in the NerdWallet's Best-Of Awards for 2019 and won the Gold Stevie Award for "Company of the Year" for 2018. We also received the Better Business Bureau Torch award for ethics in 2018 and we dominate SocialSurvey's customer satisfaction rankings. Mortgage Professional America's named us the Top Mortgage Workplace for 2019 and we were #11 in Best Workplaces in Financial Services & Insurance 2019.

Besides these accolades, we are proud that Fortune and Great Place to Work® named us Best Workplace for Millennials for two consecutive years and the Best Workplace for Women for the second consecutive year.

How to Buy a Home in Edina with Little or No Money Down

Of course you want to buy a home in Edina with no down payment. Who doesn’t?

Here’s how you do it:

Many people never buy the home of their dreams simply because they don't think they have enough money for the down payment. They have been told through the years that they need 10% or 20% of the purchase price in order to buy a home. Well, this is true for the conventional/conforming loan programs but not for Edina Government loans.

So why have so many Lenders told them this?

It’s because selling homes to people with 10% or 20% down is easier than selling homes to people who have little or no money for a down payment. Most mortgage loan officers would rather go after the "easy sale" than try to help people who would rather save the down payment money for a rainy day or for current and future repairs/upgrades.

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