The story of this market
The typical home in Burnsville, Minnesota sells for about $386,000, or $181 per square foot.
Prices are up +7.3% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,513 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Burnsville, Minnesota
The Burnsville housing market is currently experiencing strong demand, evidenced by a 7.3% year-over-year increase in median sale prices. Low inventory levels and a competitive environment are driving quick sales, with homes spending a median of just 20 days on the market. The city's stable economic base and high quality of life continue to attract buyers, supporting a positive outlook for the local real estate sector.
No ARED county foreclosure postings attributed to Burnsville yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 27.8% year over year.
Homes spend a median of 37 days on market with 3.1 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 98.65% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 10.8% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A large community park featuring extensive trails, sports fields, and a popular dog park. It serves as a primary outdoor recreation hub for local residents.
A central water feature offering fishing, boating, and scenic views. It is a focal point for neighborhood activity and contributes to local property desirability.
A major regional shopping mall that serves as a primary retail anchor for the city. It provides significant employment and convenience for residents.
A master-planned urban center featuring dining, entertainment, and residential units. It is designed to create a walkable, vibrant downtown experience.
A vast protected area along the Minnesota River offering hiking, bird watching, and environmental education. It provides unique natural access for the community.
Burnsville is an ideal fit for family buyers seeking high-quality schools and suburban amenities, as well as commuters who value access to the Twin Cities metro area. The city's diverse housing stock, ranging from affordable townhomes to larger single-family residences, also attracts downsizers and first-time buyers. Investors find value in the city's stable rental demand and consistent property appreciation.
The city is served by high-performing public school systems that are a primary draw for families. Schools in the area consistently receive positive ratings for academic achievement and student support services. The educational environment is characterized by strong community involvement and diverse extracurricular programming.
The city is well-connected via major highway corridors including I-35W and I-35E, providing direct access to Minneapolis and St. Paul. Public transit options include regional bus services that facilitate commuting to the broader metro area. The infrastructure is designed to support efficient regional mobility for residents.
Burnsville offers an extensive park system, including the expansive Alimagnet Park and access to the Minnesota Valley National Wildlife Refuge. The city features numerous trails, lakes for seasonal recreation, and the Heart of the City district, which provides a central hub for dining, shopping, and community events. These amenities significantly enhance the city's appeal to families and outdoor enthusiasts.
The rental market in Burnsville is characterized by steady demand, supported by a mix of apartment complexes and single-family rentals. Vacancy rates remain low due to the city's central location and proximity to major employment corridors. Investor interest is consistent, with a focus on multi-family assets and long-term rental stability.
Burnsville's economy is anchored by a diverse mix of retail, healthcare, and light manufacturing sectors. The city benefits from its strategic location in the southern metro, attracting corporate offices and regional service providers. Economic momentum is supported by ongoing commercial development and a stable, educated workforce.
Burnsville serves as a major commercial hub for the southern Twin Cities metro, anchored by the Burnsville Center retail district and a robust mix of light industrial and corporate office space. Infrastructure investment remains focused on maintaining transit connectivity to Minneapolis and St. Paul. Development momentum is driven by infill projects and the ongoing revitalization of the Heart of the City district.
Development planning is focused on the continued revitalization of the Heart of the City and the modernization of aging commercial corridors. The city prioritizes sustainable growth and the integration of new residential units with existing infrastructure. Major projects are aimed at increasing density and improving community connectivity.
Parcels in Burnsville are subject to standard municipal and county taxing districts, with no widespread reliance on MUDs or PIDs. The city is served by regional utility and school districts that manage local infrastructure and educational services.
Burnsville experiences crime rates generally consistent with suburban communities of its size in the Twin Cities metro area. Local law enforcement maintains active community policing initiatives to address property and violent crime trends. Residents typically view the city as a stable, family-oriented environment with standard urban safety considerations.
Burnsville faces standard Midwestern climate risks, primarily related to severe thunderstorms, high winds, and winter weather events. Flood risk is localized, primarily affecting areas near the Minnesota River valley and specific low-lying parklands. Property insurance markets remain stable, though premiums reflect regional exposure to storm-related damage.
Property insurance in Burnsville is generally stable, with premiums reflecting standard regional risks such as wind and hail. Homeowners are encouraged to maintain adequate coverage for severe weather events common to the Minnesota climate. The market remains competitive with multiple providers serving the area.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and Data.census.gov.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.