Why Live in Prospect Knolls
Prospect Knolls is a southwestern suburb of Edina known for its rolling hills, quiet wooded streets and strong sense of community. The neighborhood features a variety of home styles, including traditional ramblers, Colonial Revivals and contemporary estates, many of which were built in the 1970s. It’s a competitive real estate market with around 480 homes that have large lots and well-maintained landscapes. Families are served by the highly rated Edina Public Schools District, which includes Creek Valley Elementary, Valley View Middle and Edina High School. The 21-acre Lewis Park has several walking trails and athletic spaces for soccer, football, tennis and hockey. The 18-hole Braemar Golf Course is home to the Golf Dome, which is the largest indoor golfing facility in the Twin Cities. The Minnesota Made Ice Center has two ice-skating rinks that are open year-round. Locals like to go grocery shopping at the Edina Market & Deli, as well as Trader Joe’s, Target and Cub Foods. Cahill Bistro emphasizes Latin-inspired cuisine and happy hour specials, while Edina Coffee Roasters is a locally owned café that routinely provides door-to-door deliveries. The community is surrounded by major thoroughfares such as U.S. Route 169 and Interstate 494, with Minneapolis just 13 miles away. Metro Transit buses provide public transportation, and the Minneapolis-Saint Paul International Airport is about 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 is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. 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.
Is Prospect Knolls, MN a safe neighborhood?
Prospect Knolls, MN is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Prospect Knolls?
The median home price in Prospect Knolls is $675,000. If you put a 20% down payment of $135,000 and had a 30-year fixed mortgage with an interest rate of 6.15%, your estimated principal and interest payment would be $3,290 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $141K a year to afford the median home price in Prospect Knolls. Learn how much home you can afford with our
Home Affordability Calculator. 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 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 37 days on the market compared to the national average of 53 days. The median sale price for homes in Prospect Knolls, Edina over the last 12 months is $722,500, up 25% from the median home sale price over the previous 12 months.
Median Sale Price
$722,500
Median Single Family Sale Price
$894,999
Median Townhouse Sale Price
$534,888
Average Price Per Sq Ft
$235
Number of Homes for Sale
2
Last 12 months Home Sales
31
Median List Price
$675,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
25%