Housing data for Minnetonka, MN
Minnetonka, MN has an estimated 53,064 residents and 24,760 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Hennepin County.
28.4% of households rent.
The median gross rent is $1,779 a month.
Figures last updated on .
- Residents
- 53,064 (±28)
- Housing units
- 24,760 (±527)
- Households that rent
- 28.4%
- Median gross rent
- $1,779
- Residents since 2015–2019
- +0.1%
What stands out in Minnetonka
Households without a vehicle: 4.1% (±0.9 points) in Minnetonka, lower than in Hennepin County (9.3%).
Median home value: $475,800 (±$10,710) in Minnetonka, higher than in Hennepin County ($392,900).
Median gross rent: $1,779 (±$30) in Minnetonka, higher than in Hennepin County ($1,487).
Median household income: $119,517 (±$4,391) in Minnetonka, higher than in Hennepin County ($97,653).
- Commute and cars in Minnetonka
- Home values in Minnetonka
- Median rent in Minnetonka
- Income and affordability in Minnetonka
Housing in Minnetonka at a glance
- Median rent: $1,779 median gross rent a month
- Rent by bedrooms: $1,906 median gross rent, 2 bedrooms
- Rent burden: 45.9% of renters pay 30% or more of income
- Renters and owners: 28.4% of households rent
- Income and affordability: $119,517 median household income
- Home values: $475,800 median home value
- Homeowner costs: $2,540 median monthly cost with a mortgage
- Property taxes: $5,285 median real estate taxes a year
- Types of homes: 33.7% of homes are in buildings of 5 or more units
- Bedrooms: 58.7% of homes have 3 or more bedrooms
- Age of homes: 48.3% of homes were built before 1980
- Vacancy rate: 5.6% rental vacancy rate
- Heating fuel: 79.1% heat with utility gas
- Commute and cars: 19.3 minutes average trip to work
- Crime reported to police: 101 violent crimes per 100,000 residents
- Growth: +0.1% residents since 2015–2019
- How long people stay: 25.4% moved in since 2020
- Crowding and facilities: 1.4% of homes have more than 1 person per room
Minnetonka against Hennepin County, its state and the nation
| Minnetonka | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 53,064 (±28) | 1,269,496 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 24,760 (±527) | 571,527 (±186) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 28.4% (±1.8 points) | 37.3% (±0.4 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,779 (±$30) | $1,487 (±$14) | $1,280 (±$7) | $1,413 |
| Median household income | $119,517 (±$4,391) | $97,653 (±$1,190) | $89,062 (±$409) | $80,734 |
| Median home value | $475,800 (±$10,710) | $392,900 (±$2,254) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $5,285 (±$198) | $4,480 (±$26) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 48.3% (±2.8 points) | 59.8% (±0.7 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 19.3 minutes (±0.7) | 21.9 minutes (±0.2) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 95.5% (±0.8 points) | 92.8% (±0.3 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 42.9 years (±1.1) | 37.6 years (±0.1) | 38.8 years (±0.1) | 38.9 years |
Minnetonka covers 26.9 square miles of land, about 1,971 residents per square mile (Census Bureau Gazetteer).
How Minnetonka has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 53,025 (±60) | 53,064 (±28) | +0.1% | Not a measurable change |
| Housing units | 24,072 (±495) | 24,760 (±527) | +2.9% | Not a measurable change |
| Median gross rent | $1,428 (±$35) | $1,779 (±$30) | +24.6% | No measurable change after inflation |
| Median home value | $347,900 (±$6,557) | $475,800 (±$10,710) | +36.8% | Up after inflation |
| Median household income | $95,630 (±$2,965) | $119,517 (±$4,391) | +25.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,161 (±$54) | $2,540 (±$88) | +17.5% | Down after inflation |
| Median real estate taxes | $3,994 (±$96) | $5,285 (±$198) | +32.3% | Up after inflation |
| Households that rent | 31.0% (±1.4 points) | 28.4% (±1.8 points) | −2.6 percentage points | Measurable decrease |
| Rental vacancy rate | 3.2% (±3.1 points) | 5.6% (±2.6 points) | +2.4 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Minnetonka
In 2025, the Minnetonka Police Department reported 101 violent and 1,298 property crimes per 100,000 residents to the FBI.
Across Hennepin County, the departments that report recorded 448 violent and 2,575 property crimes per 100,000 residents that year.
ZIP codes in Minnetonka
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 55345 | 100% | 20,789 | $1,446 | $504,000 | $145,332 |
| 55305 | 92% | 21,068 | $1,799 | $451,800 | $104,914 |
| 55343 | 49% | 27,102 | $1,568 | $381,500 | $83,143 |
| 55391 | 19% | 15,502 | $1,718 | $923,400 | $174,301 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Minnetonka
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Hopkins | 2.6 mi | $1,468 | $375,600 | 63.5% |
| Woodland | 3.4 mi | — | $1,185,300 | 3.4% |
| Deephaven | 3.5 mi | — | $935,900 | 10.7% |
| Wayzata | 4.0 mi | $1,782 | $1,153,400 | 40.9% |
| St. Louis Park | 4.6 mi | $1,644 | $386,800 | 42.2% |
| Medicine Lake | 4.8 mi | $1,150 | $1,083,300 | 18.8% |
| Greenwood | 4.9 mi | $1,885 | $1,240,400 | 10.2% |
| Edina | 5.5 mi | $1,844 | $646,300 | 27.6% |
Places in Minnesota most like Minnetonka
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Golden Valley | $1,785 | $431,400 | $108,772 | 29.3% |
| Edina | $1,844 | $646,300 | $128,767 | 27.6% |
| Plymouth | $1,766 | $491,200 | $136,534 | 24.9% |
| Mendota Heights | $1,631 | $520,300 | $132,768 | 21.3% |
| Bloomington | $1,561 | $361,700 | $93,211 | 34.3% |
| Eagan | $1,679 | $397,100 | $108,690 | 32.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for Minnetonka, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,265 | $1,427 | $1,734 | $2,264 | $2,538 |
HUD income limits for Minnetonka, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $27,650 | $46,050 | $73,650 |
| 2 people | $31,600 | $52,600 | $84,200 |
| 3 people | $35,550 | $59,200 | $94,700 |
| 4 people | $39,450 | $65,750 | $105,200 |
| 5 people | $42,650 | $71,050 | $113,650 |
| 6 people | $45,800 | $76,300 | $122,050 |
| 7 people | $50,040 | $81,550 | $130,450 |
| 8 people | $55,720 | $86,800 | $138,900 |
These are the limits HUD sets for its housing programs in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $131,500.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Minnetonka
What is the average rent in Minnetonka, MN?
The Census Bureau publishes the median rather than the average: the median gross rent in Minnetonka is $1,779 (±$30) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Minnetonka?
The median gross rent for a one-bedroom home in Minnetonka, MN is $1,638 (±$41) a month (2020–2024 American Community Survey).
Are renters in Minnetonka rent-burdened?
45.9% of renting households in Minnetonka pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Minnetonka?
Minnetonka has an estimated 6,681 (±465) renting households, 28.4% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Minnetonka?
The median household income in Minnetonka is $119,517 (±$4,391) a year (2020–2024 American Community Survey).
What is the average home value in Minnetonka, MN?
The Census Bureau publishes the median: $475,800 (±$10,710) for owner-occupied homes in Minnetonka (2020–2024 American Community Survey).
Is Minnetonka growing?
In Minnetonka, the number of residents went from 53,025 in 2015–2019 to 53,064 in 2020–2024 (+0.1%), not a measurable change.
What ZIP codes are in Minnetonka?
The ZIP codes that cover Minnetonka are 55345, 55305, 55343, 55391.
What is the median rent in ZIP code 55345?
The median gross rent in ZIP Code Tabulation Area 55345 is $1,446 (±$104) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Minnetonka city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Minnetonka city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Minnetonka city, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Minnetonka Police Department (ORI MN0271200)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Minnetonka city, Minnesota (place:43252, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .