House Prices

Centennial Lakes Minneapolis, MN House Prices & Home Values 2026


Average Data

average house price$262,506
average size per house1253 ft²
average price per ft²209 $ / ft²

04/17/2026 - The value range (VR) for house prices in Centennial Lakes Minneapolis, MN is $198.55/ sqft to $219.45/ sqft. An average home with 1253 sqft costs approximately $247,291 to $273,322. Minneapolis, MN includes 1 ZIP codes and it is located in Hennepin county. The lowest prices are found in ZIP 55435, while the highest are in ZIP 55435. The average price per sqare feet is $209. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Centennial Lakes Minneapolis

55435208 $ / ft²




Historical development of home values in Centennial Lakes Minneapolis

Year Estimated value (USD) Change vs. 2025
2010 $121,913 -53.6%
2011 $117,198 -55.4%
2012 $116,883 -55.5%
2013 $121,251 -53.8%
2014 $127,281 -51.5%
2015 $133,813 -49.0%
2016 $140,796 -46.4%
2017 $148,396 -43.5%
2018 $156,600 -40.3%
2019 $163,861 -37.6%
2020 $172,332 -34.4%
2021 $196,009 -25.3%
2022 $228,502 -13.0%
2023 $240,966 -8.2%
2024 $254,907 -2.9%
2025 $262,506 0.0%

Graph: estimated home values in Centennial Lakes Minneapolis over time (USD)



Example: 100% financing house in Centennial Lakes Minneapolis

Loan amount: $262,506

Interest rate: 5.96%

Fixed monthly payment: $1,567.79

Breakdown in the 1st month:
Interest portion: $1,304.65  –  Principal portion: $263.13

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,568.10 $3,245.33 $259,260.67
2 $15,369.17 $3,444.26 $255,816.42
3 $15,158.04 $3,655.38 $252,161.03
4 $14,933.98 $3,879.45 $248,281.59
5 $14,696.18 $4,117.25 $244,164.34
6 $14,443.80 $4,369.63 $239,794.71
7 $14,175.95 $4,637.47 $235,157.24
8 $13,891.69 $4,921.74 $230,235.50
9 $13,590.00 $5,223.43 $225,012.07
10 $13,269.81 $5,543.61 $219,468.46
11 $12,930.00 $5,883.42 $213,585.03
12 $12,569.36 $6,244.06 $207,340.97
13 $12,186.62 $6,626.81 $200,714.16
14 $11,780.41 $7,033.02 $193,681.14
15 $11,349.30 $7,464.12 $186,217.02
16 $10,891.77 $7,921.66 $178,295.36
17 $10,406.19 $8,407.23 $169,888.13
18 $9,890.85 $8,922.58 $160,965.55
19 $9,343.92 $9,469.51 $151,496.04
20 $8,763.46 $10,049.97 $141,446.07
21 $8,147.42 $10,666.01 $130,780.07
22 $7,493.62 $11,319.81 $119,460.26
23 $6,799.74 $12,013.68 $107,446.58
24 $6,063.33 $12,750.09 $94,696.49
25 $5,281.78 $13,531.64 $81,164.84
26 $4,452.33 $14,361.10 $66,803.75
27 $3,572.03 $15,241.40 $51,562.35
28 $2,637.77 $16,175.66 $35,386.69
29 $1,646.24 $17,167.19 $18,219.50
30 $593.93 $18,219.50 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Centennial Lakes Minneapolis, MN


1500 sqft3900 sqft
Ø selling price$377,059$802,108
Ø fast selling$342,781$721,897
Ø high price sale$411,338$882,319

In 2026, houses in Centennial Lakes Minneapolis, MN will be offered at an average price of $209 per square foot. A 1,500 sqft home priced at $377,059 is 22.86% more expensive per square foot than a 3,900 sqft home priced at $802,108. Home prices in Centennial Lakes Minneapolis, MN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $555,306. Sellers who can wait longer may achieve a higher price of up to $678,707.


Centennial Lakes Neighborhood Guide near Minneapolis, MN

Location & Overview

The Centennial Lakes area sits just southwest of Minneapolis, MN in Edina, offering a polished urban village feel close to the city.

Anchored by Centennial Lakes Park, the neighborhood blends scenic green space with shops, offices, and residences along the France Avenue corridor.

Its walkable layout and year-round activities make it a convenient base for commuters and a destination for weekend explorers.


Parks & Things to Do

At the heart of the community, the park features a lakeside promenade, landscaped gardens, and seasonal fun like paddleboats in summer and ice skating in winter.

Families appreciate the amphitheater events, lawn games, and a putting course, while photographers love the bridges and public art.

With cafes and patios overlooking the water, visitors can easily pair outdoor recreation with relaxed dining.


Homes, Dining & Access

Housing around Centennial Lakes includes modern condos and upscale apartments, with nearby Edina neighborhoods offering single-family homes.

Shopping and dining options span Centennial Lakes Plaza, the Galleria, and Southdale, delivering boutique retail and popular restaurants.

Commuters enjoy quick access to Highway 62 and I-494, reliable Metro Transit bus service, and short drives to downtown Minneapolis and MSP Airport.

Whether you?re relocating or planning a visit, Centennial Lakes near Minneapolis, MN promises a refined, walkable lifestyle surrounded by parks, culture, and convenience.



FAQ – Home Values in Centennial Lakes Minneapolis

What is the median home value in Centennial Lakes Minneapolis in 2026?

In 2026, the typical home value in Centennial Lakes Minneapolis is about $262,506 for an average home size of 1253 square feet. This corresponds to an average price of roughly $209 per square foot.

What is the average cost per square foot in Centennial Lakes Minneapolis?

In 2026, homes in Centennial Lakes Minneapolis sell for an average of around $209 per square foot, with a typical range between $198.55 and $219.45 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Centennial Lakes?

The average home size in Centennial Lakes Minneapolis is about 1253 square feet, with an estimated 2026 value around $262,506.



Neighborhoods close to Centennial Lakes Minneapolis, MN

Cedar Riverside Minneapolis, MN206 $ / ft²
Taconite Harbor Schroeder, MN168 $ / ft²
Giants Ridge Biwabik, MN125 $ / ft²
Lyndale Minneapolis, MN230 $ / ft²
Downtown Excelsior Excelsior, MN295 $ / ft²
Chanhassen Hills Chanhassen, MN238 $ / ft²




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