Market Update in Eagan

Eagan

City of Eagan

Eagan consistently ranks as one of the best places to live in Minnesota and is a prime inner-ring suburb in the Twin Cities. It easily merits its high livability scores and strong resident approval.

Eagan is perfectly situated near major highways that can get you to anywhere in the Twin Cities metro area quickly. If you’re looking for a suburb that feels less like a suburb and more like a quiet neighborhood, Eagan is the perfect location for you.

There are a variety of housing options in Eagan, including luxury apartments, townhomes, condos, and single-family homes. The median property value in Eagan in 2018 was 1.2 times the national average. Between 2017 and 2018 the median property value increased 5.14%.

The homeownership rate in Eagan, MN is 69.9%, which is just higher than the national average. In comparison to other suburbs around the Twin Cities, Eagan has a higher percentage of renters.

Eagan is the largest city in Dakota County, Minnesota. Its landscape is made up of rolling hills, laced with nearly 1,200 small lakes, wetlands and ponds. Eagan is a community known for its trees. It is the 8th largest city in the state with just over 67,000 people. Eagan is south and equal distance to both downtown Minneapolis and St. Paul. Just across the Minnesota River is the Minneapolis-St. Paul International Airport.

Business has been booming in some other sectors of the economy, however; particularly development and construction. Many additions to businesses and new construction projects were started in the past year. In fact, according to the City of Eagan, 2020 will finish out as the fourth-highest valuation year yet, at $164 million as of October.

While some businesses suffered, other businesses did the unthinkable: open successfully during a global pandemic. Omni Viking Lakes Hotel is a great example. It is a first-class hotel experience that brings numerous jobs to the area.

A vast majority of those who live in Eagan also have the privilege of working there. Almost any job within Eagan city limits offers a short commute, which makes living and working here an incredible bonus for work-life balance.