Centennial Lakes, Minneapolis, MN
Centennial Lakes — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Centennial Lakes, Minneapolis, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Centennial Lakes Neighborhood Overview
Centennial Lakes is a master-planned community located in the Minneapolis suburb of Edina, Minnesota. The neighborhood is famously centered around a 24-acre park featuring a man-made lake, walking paths, and landscaped gardens. This carefully designed environment offers residents a unique blend of natural beauty and suburban convenience.
Lifestyle & Amenities
The crown jewel of the area is Centennial Lakes Park, which provides year-round recreation including paddle boating, ice skating, and concerts. Residents also enjoy convenient access to the adjacent Centennial Lakes Plaza, which offers shopping, dining, and professional services. The community's design encourages an active, outdoor-oriented lifestyle within a serene setting.
Real Estate Market
The real estate in Centennial Lakes consists primarily of upscale townhomes, condominiums, and apartments that cater to a range of lifestyles. According to U.S. Census data, the median home value in the area is $316,800. This reflects the desirability of its low-maintenance living options and prime location within Edina.
Schools & Education
Families in Centennial Lakes are served by the highly regarded Edina Public Schools district. The specific schools serving the neighborhood are determined by its boundaries within the district. The area is known for its strong commitment to educational excellence and community support for its schools.
Transportation & Connectivity
Centennial Lakes boasts excellent connectivity, situated near the major intersections of Interstate 494 and France Avenue. This provides quick access to downtown Minneapolis, the Minneapolis-St. Paul International Airport, and the larger Twin Cities metro area. Multiple public bus routes also serve the neighborhood and its commercial centers.
Why Choose Centennial Lakes
Centennial Lakes is ideal for those seeking a maintenance-friendly home in a picturesque, park-like setting without sacrificing urban accessibility. With a median household income of $71,664, the community attracts professionals and active adults. It offers a perfect balance of tranquil living, recreational amenities, and metropolitan convenience.
Centennial Lakes Market Data
| Metric | Value |
|---|---|
| Median Home Price | $317K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $72K |
| Homeownership Rate | 44.8% |
| Renter-Occupied | 55.2% |
| Rental Vacancy Rate | 7.8% |
| Market Type | Buyer's |
| Market Tier | Mid-Range |
| Primary ZIP Code | 55435 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Centennial Lakes, Minneapolis
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Centennial Lakes, Minneapolis, MN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12