CALCMONEY // MORTGAGE // MN // EDINA // 55424
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 55424 in Edina, MN.
$850,000
$680,000
$5,612
$240,506/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $850,000 | $765,000 | $5,038 | $6,172 | 6.9% |
| 20% Down | $850,000 | $680,000 | $4,478 | $5,612 | 6.9% |
| 25% Down | $850,000 | $637,500 | $4,199 | $5,332 | 6.9% |
Total monthly includes principal & interest, property tax (1.2% annual), and estimated homeowners insurance. PMI not included.
50th and France (ZIP 55424) sits within Edina, Minnesota with a median home price of $850,000 — significantly above the Edina city-wide median of $850,000. At 80% LTV, the typical loan of $680,000 remains within conforming loan limits, keeping conventional financing accessible.
Property taxes in ZIP 55424 run 1.2% annually, adding $850 per month on the median home. Median household income in this neighborhood is approximately $155,000, placing the price-to-income ratio at 5.5x. Minnesota levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.