Edina arguably is the most ritzy and sometimes misunderstood suburb in the Twin cities area. Edina covers 16 square miles – about 60 percent of which is residential – and has at least 10 distinct neighborhoods. There are approximately 47,000 residents with a median household income of $48,936 and a average of 2.3 people per household. About 20 percent of the population is over 65.
Even though Edina offers housing in almost every price range, many people can’t resist associating it with tremendous two-story ivy covered stucco and brick mansions on winding, tree-lined streets or large, one-story, ranch style houses tucked behind manicured hedges. And – oh yeah, shopping! Even some of those who have “achieved Edina” are prone to apologetic discourse about how Edina has lots of affordable housing.
Edina has more houses valued at $500,000 and up than any other Twin Cities area, according to the 1990 census. This fact helps perpetuate its reputation as an elitist, high-priced suburb with lots of rich folks. The reputation persists despite the fact that many houses in Edina sell for less than $150,000 – higher than the metro area’s median home sale price but much less than what its’ reputation suggests. But because there are so many expensive houses, Edina’s average home sale price is one of the highest in the Twin Cities at $556, 376, according to the most recent figures. That compares to an area average of $272,830.
Much of Edina’s less expensive housing is condominiums and townhouses, most of which were built in the past decade in an effort to provide more affordable housing for a growing senior population. Edina also has 558 federally subsidized housing units, the bulk of which are for seniors, according tot he Metropolitan Council.
As the first Minnesota village to adopt comprehensive zoning ordinance in 1929, the City of Edina has been able to carefully control it’s land development. Buildings in the area are both historic and modern.
Edina’s success can be attributed to the overall economic prosperity of the city of Minneapolis, currently ranked third in the nation for low unemployment and high average annual income. Compared to other metropolitan counterparts, the Twin Cities itself maintains a higher standard of living, with income estimates ranging from 6-29% above the United States average.
Edina is also known as the birthplace of the first enclosed shopping mall, Southdale, which was built in 1965.
There are over 30 parks which account for about 12 percent of the city’s area. Plus many golf courses anchor each corner of Edina.
Residents issue glowing reports about Edina’s schools, which have received several national awards. Here we enjoy the largest High School Advanced Placement (AP) program in the Midwest. 90% of high school graduates go on to enroll in post-secondary education.