What percentage of people rent in Minnetonka, MN?

Name: Renters and owners in Minnetonka, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

28.4% (±1.8 points) of the occupied homes in Minnetonka, MN are rented (2020–2024 American Community Survey).

That is 6,681 renting households against 16,834 that own their home.

In Minnetonka, the share of households that rent went from 31.0% in 2015–2019 to 28.4% in 2020–2024 (−2.6 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 28.4% (±1.8 points)
Renting households: 6,681 (±465)
Median renter income: $76,137 (±$5,574)

Who rents and who owns in Minnetonka

Tenure, estimate (90% margin of error)
	Minnetonka	Hennepin County	Minnesota	United States
Renter-occupied share	28.4% (±1.8 points)	37.3% (±0.4 points)	27.8% (±0.2 points)	34.8%
Renting households	6,681 (±465)	201,230 (±2,434)	641,268 (±4,528)	45,017,354
Owning households	16,834 (±491)	338,263 (±2,240)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.8 (±0.1)	2.0 (±0.0)	2.0 (±0.0)	2.3
Average owner household size	2.4 (±0.1)	2.5 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$76,137 (±$5,574)	$59,890 (±$1,200)	$51,080 (±$531)	$52,966
Median owner household income	$147,536 (±$6,458)	$130,886 (±$1,463)	$108,214 (±$476)	$100,009

In Minnetonka, the renter share is lower than in Hennepin County (37.3%).

It is not measurably different from Minnesota (27.8%).

It is lower than the national figure (34.8%).

In Hennepin County, Minnetonka ranks 17 of 42 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 305 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Minnetonka has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	31.0% (±1.4 points)	28.4% (±1.8 points)	−2.6 percentage points	Measurable decrease
Median gross rent	$1,428 (±$35)	$1,779 (±$30)	+24.6%	No measurable change after inflation
Median household income	$95,630 (±$2,965)	$119,517 (±$4,391)	+25.0%	No measurable change after inflation

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.

Households that rent in places near Minnetonka

Nearest places with a published estimate, compared with Minnetonka
Place	Distance	Households that rent	Compared with this place
Minnetonka	—	28.4% (±1.8 points)	—
Hopkins	2.6 mi	63.5% (±4.1 points)	Higher
Woodland	3.4 mi	3.4% (±4.0 points)	Lower
Deephaven	3.5 mi	10.7% (±5.0 points)	Lower
Wayzata	4.0 mi	40.9% (±8.5 points)	Higher
St. Louis Park	4.6 mi	42.2% (±1.9 points)	Higher
Medicine Lake	4.8 mi	18.8% (±9.3 points)	Lower
Greenwood	4.9 mi	10.2% (±5.9 points)	Lower
Edina	5.5 mi	27.6% (±2.0 points)	Not measurably different

Nearby places with a measurably lower figure: Woodland, MN (3.4%), Deephaven, MN (10.7%), Medicine Lake, MN (18.8%).

Nearby places with a measurably higher figure: Hopkins, MN (63.5%), Wayzata, MN (40.9%), St. Louis Park, MN (42.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Hennepin County, place by place

Rank	Place	Households that rent
11	Maple Plain	37.3% (±8.5 points)
12	Brooklyn Center	36.4% (±3.5 points)
13	Bloomington	34.3% (±1.7 points)
14	Brooklyn Park	29.7% (±2.8 points)
15	Golden Valley	29.3% (±3.8 points)
16	Robbinsdale	29.0% (±3.9 points)
17	Minnetonka	28.4% (±1.8 points)
18	Edina	27.6% (±2.0 points)
19	Long Lake	25.5% (±5.7 points)
20	Mound	25.0% (±6.4 points)
21	Plymouth	24.9% (±1.7 points)
22	Eden Prairie	23.9% (±1.9 points)
23	Crystal	23.1% (±2.7 points)

Showing 13 of 42 places in Hennepin County, ranked from highest to lowest.

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

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).

Is renting growing in Minnetonka?

In Minnetonka, the share of households that rent went from 31.0% in 2015–2019 to 28.4% in 2020–2024 (−2.6 percentage points), a measurable decrease.

How big are renting households in Minnetonka?

A renting household in Minnetonka has 1.8 people on average, against 2.4 in an owned home.

How much do renters earn in Minnetonka?

The median renting household in Minnetonka, MN has an income of $76,137 (±$5,574) a year, against $147,536 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.