Eagan grew fast in the 1980s and 1990s around the corporate corridor, and now a whole generation of those original owners are hitting retirement age with substantial equity in homes that have appreciated well. Reverse mortgages, right-sizing, and HECM for Purchase are all frequent conversations in Eagan.
The Eagan housing market
Median home values in Eagan run in the mid-$400s, with executive homes near Lebanon Hills and Manor Lake pushing well higher. Combined with Dakota County's more moderate property tax rates, Eagan often pencils better for retirement than comparable Hennepin communities.
Reverse mortgages in Eagan
Eagan homeowners often use a HECM to eliminate a remaining conventional mortgage and free up $1,500–$3,000/month of cash flow. For higher-value homes near Lebanon Hills, proprietary jumbo reverse programs may be a better fit than the standard HECM.
Neighborhoods
- Lexington
- Diffley
- Manor Lake
- Deerwood
- Cedar Grove
- Northview
Loan options for Eagan
- Reverse Mortgage (HECM)
- Jumbo Reverse
- HECM for Purchase
- Conventional & Jumbo
- VA & FHA
- Refinance
Attractions & landmarks
- Lebanon Hills Regional Park
- Eagan Community Center
- Cascade Bay
- Central Park
- Viking Lakes
Schools
Split primarily between ISD 196 (Rosemount-Apple Valley-Eagan) and ISD 191 (Burnsville-Eagan-Savage). Both are strong, which continues to anchor Eagan's home values.