This is a detailed analysis of the 30 most expensive neighborhoods in Minnesota to buy a home.
Minnesota’s most expensive residential neighborhoods show remarkable concentration in the affluent suburb of Edina, according to Zillow Home Value Index data tracking neighborhood values through November 2024.
Of the 30 highest-valued neighborhoods, 23 are located in Edina, with values ranging from Melody Lake at $589,608 to Country Club at $1,364,967, while Minneapolis contributes just four neighborhoods and Brooklyn Park, Saint Louis Park, and surrounding suburbs collectively account for only three locations. T
he data reveals a striking suburban dominance in the luxury market, with Edina’s Country Club area commanding nearly twice the value of Fulton, Minneapolis’s top entry at $585,144.
Recent market performance shows divergent patterns between urban and suburban locations, with Minneapolis’s traditionally expensive neighborhoods like Kenwood (+17.6%) and Linden Hills (+20.6%) showing more modest appreciation since 2019 compared to suburban locations.
Edina’s luxury enclaves demonstrate consistently stronger gains, particularly in the ultra-luxury segment where neighborhoods like Indian Hills (+37.3%), Parkwood Knolls (+36.6%), and Highlands (+36.3%) have seen dramatic appreciation since 2019.
The million-dollar threshold has become increasingly common, with eight neighborhoods now exceeding this mark, all but one (Kenwood) located in Edina.
1. Fulton (Minneapolis)
Nestled in southwest Minneapolis, Fulton has evolved from a mid-century suburban enclave into one of the city’s most desirable neighborhoods, with home values rising 45% since 2014 to reach $585,144 in November 2024. The neighborhood’s mix of updated ramblers and new construction, combined with its proximity to Lake Harriet and vibrant 50th Street shopping, has helped drive a 20.9% appreciation since 2019, though this represents more moderate growth compared to some suburban competitors.
2. Melody Lake (Edina)
This picturesque Edina neighborhood, centered around its namesake lake, demonstrates steady appreciation from its 2014 value of $390,425 to reach $589,608 in November 2024, marking a 51% increase. The area’s combination of mature trees, waterfront properties, and prime location near Southdale has supported consistent growth, including a robust 25.7% gain since 2019, reflecting sustained demand for established suburban locations with natural amenities.
3. Concord (Edina)
Concord exemplifies Edina’s transformation from first-ring suburb to luxury destination, with values climbing 49.7% from $402,326 in 2014 to reach $602,367 in November 2024. The neighborhood’s mix of renovated mid-century homes and new construction, coupled with its proximity to major retail corridors and easy downtown access, has driven consistent appreciation, including a solid 27.1% gain since 2019.
4. Pamela Park (Edina)
Named for its central recreational facility, Pamela Park has seen steady value appreciation from $416,685 in 2014 to $615,046 in November 2024, representing a 47.6% increase. The neighborhood’s family-friendly atmosphere, well-maintained public spaces, and mix of housing styles has supported consistent growth, including a 25.7% rise since 2019, reflecting sustained demand for established suburban locations with strong amenities.
5. Birchcrest (Edina)
Birchcrest’s tree-lined streets and architectural diversity have helped drive values up 52% from $409,478 in 2014 to $622,236 in November 2024. The neighborhood’s blend of preserved mid-century homes and thoughtful new construction, combined with its convenient location near major shopping and dining destinations, has supported robust growth, including a 27.3% appreciation since 2019.
6. Northwoods (Brooklyn Park)
As the only Brooklyn Park neighborhood in the top 30, Northwoods stands out with an impressive 60.6% value increase from $393,919 in 2014 to $632,532 in November 2024. The area’s larger lots, newer luxury homes, and proximity to major employment centers have driven strong appreciation, including a notable 30.8% gain since 2019, highlighting growing demand for premium suburban locations outside traditional luxury markets.
7. South Cornelia (Edina)
South Cornelia’s charming mix of classic architecture and modern updates has propelled values up 51.2% from $419,578 in 2014 to $634,406 in November 2024. The neighborhood’s proximity to Lake Cornelia, strong community amenities, and excellent schools has maintained steady growth, including a 25% increase since 2019, reflecting its established position in Edina’s luxury market.
8. Linden Hills (Minneapolis)
This beloved Minneapolis neighborhood, nestled between Lake Harriet and Lake Calhoun, has seen values climb 48.2% from $433,737 in 2014 to $642,793 in November 2024. The area’s vibrant commercial district, historic housing stock, and lakeside location have supported consistent appreciation, though its 20.6% growth since 2019 reflects more moderate gains compared to suburban competitors.
9. Prospect Knolls (Edina)
Prospect Knolls demonstrates strong value growth with a 57.1% increase from $435,042 in 2014 to $683,411 in November 2024. The neighborhood’s premium location, architectural diversity, and larger lot sizes have driven sustained appreciation, including a robust 28.7% gain since 2019, highlighting continued demand for established Edina locations.
10. Lynnhurst (Minneapolis)
This sought-after Minneapolis neighborhood has seen values rise 42.7% from $478,978 in 2014 to $683,496 in November 2024. Lynnhurst’s proximity to lakes, parks, and popular 50th Street businesses has maintained steady growth, though its 19.3% appreciation since 2019 suggests a more moderate pace compared to suburban areas.
11. Countryside (Edina)
Countryside exemplifies Edina’s enduring appeal with values increasing 51.5% from $456,479 in 2014 to $691,783 in November 2024. The neighborhood’s spacious lots, updated homes, and convenient location have supported consistent growth, including a strong 30.1% gain since 2019, reflecting sustained demand for premium suburban locations.
12. Lake Edina (Edina)
This lakeside community has demonstrated steady appreciation with values climbing 46.7% from $484,239 in 2014 to $710,503 in November 2024. The neighborhood’s waterfront properties, larger lots, and peaceful atmosphere have maintained consistent growth, including a solid 27% increase since 2019, highlighting the premium placed on natural amenities.
13. Indian Trails (Edina)
Indian Trails shows impressive long-term appreciation with values rising 53.3% from $471,014 in 2014 to $722,094 in November 2024. The neighborhood’s wooded setting, larger homes, and strategic location have driven strong growth, including a notable 34.2% gain since 2019, reflecting increasing demand for secluded suburban luxury.
14. Fox Meadows (Edina)
Fox Meadows demonstrates consistent value growth with a 52.7% increase from $473,586 in 2014 to $723,189 in November 2024. The area’s mix of architectural styles, established landscaping, and strong community amenities has supported steady appreciation, including a robust 30.1% gain since 2019.
15. Lake Cornelia (Edina)
This lakeside neighborhood has seen values climb 49.2% from $490,267 in 2014 to $731,708 in November 2024. Lake Cornelia’s waterfront location, updated housing stock, and recreational amenities have driven consistent growth, including a strong 29.9% appreciation since 2019, highlighting sustained demand for premium locations with natural features.
16. The Heights (Edina)
The Heights shows impressive appreciation with values rising 56.8% from $471,866 in 2014 to $739,692 in November 2024. The neighborhood’s elevated location, larger lots, and mix of classic and contemporary homes has supported strong growth, including a robust 31.3% gain since 2019.
17. Bredesen Park (Edina)
Named for its signature park, this neighborhood has seen values increase 50.9% from $495,307 in 2014 to $747,609 in November 2024. The area’s combination of natural amenities, updated homes, and strong community features has driven steady appreciation, including a solid 31.8% gain since 2019.
18. Lake Forest (Saint Louis Park)
As Saint Louis Park’s sole representative in the top 30, Lake Forest demonstrates strong appreciation with values climbing 46.4% from $511,915 in 2014 to $749,685 in November 2024. The neighborhood’s prime location, larger lots, and proximity to Minneapolis have supported consistent growth, though its 21% gain since 2019 reflects more moderate recent appreciation.
19. Creek Valley (Edin
While historical data is unavailable, Creek Valley’s current value of $764,866 reflects its position as a premier Edina location. The neighborhood’s natural features, architectural standards, and convenient location have established it as a desirable luxury enclave within the community.
20. Morningside (Edina)
This historic neighborhood has seen values rise 40.4% from $568,266 in 2014 to $797,568 in November 2024. Morningside’s charming character, walkable streets, and strong sense of community have maintained steady growth, including a solid 23.7% appreciation since 2019.
21. Braemar Hills (Edina)
Braemar Hills demonstrates strong appreciation with values climbing 50.1% from $542,835 in 2014 to $814,769 in November 2024. The neighborhood’s golf course proximity, larger homes, and natural setting have driven consistent growth, including a robust 33.6% gain since 2019.
22. Indian Hills (Edina)
Indian Hills shows impressive growth with values rising 49.1% from $706,481 in 2014 to $1,053,632 in November 2024. The neighborhood’s estate-sized lots, premium architecture, and established character have supported strong appreciation, including a notable 37.3% gain since 2019, marking its entry into the million-dollar tier.
23. Kenwood (Minneapolis)
As Minneapolis’s most expensive neighborhood, Kenwood has seen values climb 37.8% from $779,768 in 2014 to $1,074,870 in November 2024. The area’s historic mansions, lakeside location, and proximity to downtown have maintained steady growth, though its 17.6% appreciation since 2019 reflects more moderate gains compared to suburban luxury markets.
24. Minnehaha Woods (Edina)
Minnehaha Woods demonstrates strong appreciation with values rising 43.2% from $758,697 in 2014 to $1,086,797 in November 2024. The neighborhood’s wooded setting, larger lots, and premium homes have driven consistent growth, including a solid 28.7% gain since 2019.
25. Highlands (Edina)
The Highlands shows impressive growth with values climbing 55.9% from $714,624 in 2014 to $1,113,951 in November 2024. The neighborhood’s elevated location, estate properties, and established character have supported strong appreciation, including a notable 36.3% gain since 2019.
26. White Oaks (Edina)
While historical data is unavailable, White Oaks’ current value of $1,115,769 reflects its position among Edina’s most exclusive enclaves. The neighborhood’s heavily wooded setting, minimum lot sizes, and architectural standards have established it as a premier luxury location.
27. Arden Park (Edina)
Arden Park demonstrates consistent appreciation with values rising 44% from $798,421 in 2014 to $1,149,911 in November 2024. The neighborhood’s historic character, larger lots, and premium location have driven steady growth, including a strong 31% gain since 2019.
28. Parkwood Knolls (Edina)
This exclusive enclave shows strong growth with values climbing 42.8% from $817,536 in 2014 to $1,167,544 in November 2024. The neighborhood’s private setting, estate-sized properties, and established character have supported consistent appreciation, including a robust 36.6% gain since 2019.
29. Golf Terrace Heights (Edina)
Golf Terrace Heights demonstrates steady appreciation with values rising 43.1% from $829,292 in 2014 to $1,187,019 in November 2024. The neighborhood’s golf course views, premium architecture, and exclusive atmosphere have maintained strong growth, including a solid 26% gain since 2019.
30. Country Club (Edina)
As Minnesota’s most expensive neighborhood, Country Club has seen values climb 35.2% from $1,009,545 in 2014 to $1,364,967 in November 2024. The area’s historic estates, Edina Country Club location, and unmatched prestige have supported consistent growth, including a notable 34.6% appreciation since 2019, maintaining its position at the pinnacle of Twin Cities luxury real estate.
Minnesota’s Most Expensive Neighborhood Home Values
The data also highlights interesting geographical patterns in value distribution, with Edina’s most expensive neighborhoods clustered around the Country Club area and along the western edge of the city.
Price points show clear segmentation, with values clustering around three tiers: entry-luxury ($585,000-$700,000), mid-luxury ($700,000-$1 million), and ultra-luxury (above $1 million). Notably, newer luxury developments like Northwoods in Brooklyn Park (+60.6% since 2014) show some of the strongest long-term appreciation, suggesting potential for luxury market expansion beyond traditional high-end locations.
