Eagan, Minnesota Housing Market Prices
Eagan Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 139% above the Minnesota median$566,173
-
Median rent 31% above the Minnesota median$1,679
Housing Market Overview
| Metric | Eagan | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $566,173 | $236,718 | $248,835 |
| Price Trend (Annual %) | 26.3% | 6.6% | 7.5% |
| Median Gross Rent | $1,679 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eagan is about 139% higher than in Minnesota. Rent is about 31% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Eagan, up about 26.3% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Eagan rose about 64.4% between 2015 and 2024, from $1,021 to $1,679. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Eagan.
Buying the median-priced home in Eagan costs roughly 28.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Eagan. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Eagan | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $566,173 | $236,718 | $248,835 |
| Median Household Income | $110,130 | $89,852 | $80,455 |
| Price-to-Income Ratio | 5.1 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eagan rose about 373.1%, while median household income rose about 37.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Eagan | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.5% | 65.5% | 58.5% |
| Rental Rate | 31.7% | 25.2% | 31.2% |
| Vacancy Rate | 1.8% | 9.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Eagan has a homeownership rate of 66.5%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 1.8%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Eagan | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1988 | 1976 | 1978 |
| Median Number of Rooms | 6.2 | 6.1 | 5.5 |
The typical housing unit in Eagan was built around 1988. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Eagan, Minnesota.
What is the median home price in Eagan, Minnesota?
The median home price in Eagan, Minnesota is $566,173, higher than the Minnesota average of $236,718.
What is the average home price in Eagan, Minnesota?
The typical home price in Eagan, Minnesota, reported as the median sale price, is $566,173. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Eagan, Minnesota?
The median gross rent in Eagan, Minnesota is $1,679 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Eagan in 2020?
In 2020, the median gross rent in Eagan, Minnesota was $1,262 per month.
What is the price-to-rent ratio in Eagan, Minnesota?
The price-to-rent ratio in Eagan, Minnesota is about 28.1, meaning it would take roughly 28.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Eagan.
Are home prices or rent rising faster in Eagan, Minnesota?
Both home prices and rent are rising in Eagan, up about 26.3% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Eagan, Minnesota?
66.5% of households in Eagan, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Eagan, Minnesota?
The housing vacancy rate in Eagan, Minnesota is 1.8%, lower than the Minnesota average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →