Why Live in Prospect Knolls
Prospect Knolls in Edina is a southwestern suburb known for its rolling hills, quiet wooded streets, and a strong sense of community. The neighborhood features a variety of home styles, including traditional ramblers, Colonial Revivals, and contemporary estates, many built in the late 1970s. With only about 350 houses, the area boasts larger lots and well-maintained properties, contributing to its competitive real estate market. Families are served by the highly rated Edina Public School District, including Creek Valley Elementary, Valley View Middle, and Edina High School. Outdoor recreation is abundant, with Lewis Park offering 21 acres of greenery and athletic spaces, and the Braemar Golf Course providing an 18-hole championship course and the largest indoor golf facility in the Twin Cities. The Minnesota Made Ice Center, with its year-round hockey rinks, is a unique draw for skaters. Local landmarks like the Edina Market and Deli, Edina Coffee Roasters, and the historic Cahill Settlement Monument enhance the small-town feel. Residents enjoy easy access to major thoroughfares like U.S. Route 169 and Interstate 494, making the 13-mile commute to Minneapolis manageable within 25 minutes. The neighborhood is safer than the national average, with a CAP Index crime score of 2 out of 10. For shopping, the Galleria shopping center is just 3 miles away, offering a variety of stores and dining options. Public transportation is available via the Metro Transit bus, and the Minneapolis–Saint Paul International Airport is 10 miles away.
Frequently Asked Questions
Is Prospect Knolls a good place to live?
Prospect Knolls is a good place to live. Prospect Knolls is considered very car-dependent and somewhat bikeable with some transit options. Prospect Knolls has 6 parks for recreational activities. It is fairly sparse in population with 5.7 people per acre and a median age of 46. The average household income is $186,579 which is above the national average. College graduates make up 85.6% of residents. A majority of residents in Prospect Knolls are home owners, with 27.8% of residents renting and 72.2% of residents owning their home. A
local real estate agent serving Prospect Knolls can help you decide if this neighborhood is the right one for you. Learn more on our
Prospect Knolls neighborhood guide.
How much do you need to make to afford a house in Prospect Knolls?
The median home price in Prospect Knolls is $725,000. If you put a 20% down payment of $145,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $3,690 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $158K a year to afford the median home price in Prospect Knolls. The average household income in Prospect Knolls is $187K.
What are the best public schools in Prospect Knolls?
The best public schools that serve Prospect Knolls are:
What are the best private schools in Prospect Knolls?
The best private schools that serve Prospect Knolls are:
What are the most popular zip codes in Prospect Knolls, Edina, MN?
What are the most popular neighborhoods near Prospect Knolls, Edina, MN?
Home Trends in Prospect Knolls, MN
On average, homes in Prospect Knolls, Edina sell after 42 days on the market compared to the national average of 52 days. The median sale price for homes in Prospect Knolls, Edina over the last 12 months is $725,000, down 12% from the median home sale price over the previous 12 months.
Median Sale Price
$725,000
Median Single Family Sale Price
$887,500
Median Townhouse Sale Price
$492,500
Average Price Per Sq Ft
$241
Number of Homes for Sale
3
Last 12 months Home Sales
29
Median List Price
$725,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-12%