Mortgage Rates in Eden Prairie, Minnesota — March 2026
Updated March 2026 | Based on Eden Prairie market data and regional lending conditions
Eden Prairie is a growing city in Minnesota with a population of 64,198. The current 30-year fixed mortgage rate in Eden Prairie is 6.76%, which is 0.11% above the national average. With a median home price of $324,000 and a 20% down payment of $64,800, homebuyers can expect a monthly principal and interest payment of approximately $1,683.
Current Mortgage Rates in Eden Prairie, MN
Below are the current average mortgage rates available in the Eden Prairie area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Eden Prairie Housing Market Overview
The Eden Prairie housing market reflects moderate demand with prices near the national average. The median household income in Eden Prairie is $73,700, and the cost of living index is 99 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,300 to comfortably afford the median-priced home in Eden Prairie, which exceeds the current median household income.
Monthly Payment Breakdown for Eden Prairie
Based on the median home price of $324,000 with 20% down ($64,800), here is what you can expect to pay monthly in Eden Prairie:
15-Year vs. 30-Year Mortgage in Eden Prairie
Choosing a 15-year mortgage in Eden Prairie at 6% instead of a 30-year at 6.76% would save you $212,220 in total interest over the life of the loan. However, your monthly payment would be $2,187 instead of $1,683 — an increase of $504 per month.
Calculate Your Eden Prairie Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Eden Prairie
What are the current mortgage rates in Eden Prairie, MN?
As of March 2026, the average 30-year fixed mortgage rate in Eden Prairie, Minnesota is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Eden Prairie?
Based on the median home price of $324,000 with 20% down, the estimated monthly mortgage payment in Eden Prairie is $1,683 for principal and interest. Including property taxes of $284/month, the total monthly housing cost is approximately $1,967.
What income do I need to buy a home in Eden Prairie?
Using the 28% rule, you would need an annual income of approximately $84,300 to afford the median-priced home in Eden Prairie at $324,000. The median household income in Eden Prairie is $73,700. This means most households would need to either earn above the median or consider homes below $324,000.
Is Eden Prairie a good place to buy a home in 2026?
Eden Prairie offers a below-average cost of living with a cost of living index of 99 (national average = 100). The property tax rate in Minnesota is 1.05%, which is near the national average. Eden Prairie has a population of 64,198 and offers a balanced lifestyle.
Mortgage Rates in Other Minnesota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Eden Prairie, Minnesota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.