What is the median home value in Wayzata, MN?
The median value of owner-occupied homes in Wayzata, MN is $1,153,400 (±$132,642), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Wayzata, the median home value went from $523,600 in 2015–2019 to $1,153,400 in 2020–2024 (+120.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $1,153,400 (±$132,642)
- Owner-occupied homes
- 1,219 (±203)
- Most common range
- $1,000,000 or more
Home values in Wayzata
| Value | Wayzata | Hennepin County | Minnesota | United States |
|---|---|---|---|---|
| Less than $50,000 | 1.4% (±2.2 points) | 1.8% | 4.0% | 5.3% |
| $50,000 to $99,999 | 0.0% (±1.8 points) | 0.8% | 3.7% | 6.1% |
| $100,000 to $149,999 | 2.8% (±4.3 points) | 1.8% | 5.2% | 6.8% |
| $150,000 to $199,999 | 1.5% (±2.3 points) | 4.0% | 8.1% | 9.0% |
| $200,000 to $299,999 | 0.7% (±1.0 points) | 17.9% | 22.6% | 17.8% |
| $300,000 to $499,999 | 9.9% (±5.6 points) | 43.2% | 36.9% | 26.9% |
| $500,000 to $999,999 | 22.2% (±9.2 points) | 24.8% | 17.0% | 20.9% |
| $1,000,000 or more | 61.5% (±11.0 points) | 5.6% | 2.6% | 7.1% |
The most common range is $1,000,000 or more, 61.5% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Wayzata against Hennepin County, its state and the nation
| Wayzata | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Median home value | $1,153,400 (±$132,642) | $392,900 (±$2,254) | $329,300 (±$903) | $332,700 |
| Owner-occupied homes | 1,219 (±203) | 338,263 (±2,240) | 1,666,687 (±7,556) | 84,210,142 |
In Wayzata, the median home value is higher than in Hennepin County ($392,900).
It is also higher than in Minnesota ($329,300).
It is higher than the national figure ($332,700).
In Hennepin County, Wayzata ranks 4 of 42 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 5 of 2,558.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Wayzata have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $523,600 (±$67,412) | $1,153,400 (±$132,642) | +120.3% | Up 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.
Median home value in places near Wayzata
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Wayzata | — | $1,153,400 (±$132,642) | — |
| Woodland | 1.4 mi | $1,185,300 (±$499,166) | Not measurably different |
| Deephaven | 2.7 mi | $935,900 (±$129,496) | Lower |
| Long Lake | 2.7 mi | $422,600 (±$28,760) | Lower |
| Orono | 3.5 mi | $1,004,500 (±$88,129) | Not measurably different |
| Minnetonka | 4.0 mi | $475,800 (±$10,710) | Lower |
| Village of Minnetonka Beach | 4.0 mi | $2,000,000 or more | — |
| Greenwood | 4.3 mi | $1,240,400 (±$392,625) | Not measurably different |
| Plymouth | 4.5 mi | $491,200 (±$10,467) | Lower |
Nearby places with a measurably lower figure: Deephaven, MN ($935,900), Long Lake, MN ($422,600), Minnetonka, MN ($475,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Hennepin County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Village of Minnetonka Beach | $2,000,000 or more |
| 2 | Greenwood | $1,240,400 (±$392,625) |
| 3 | Woodland | $1,185,300 (±$499,166) |
| 4 | Wayzata | $1,153,400 (±$132,642) |
| 5 | Medicine Lake | $1,083,300 (±$87,763) |
| 6 | Orono | $1,004,500 (±$88,129) |
| 7 | Deephaven | $935,900 (±$129,496) |
| 8 | Tonka Bay | $917,100 (±$68,956) |
| 9 | Excelsior | $909,200 (±$409,996) |
| 10 | Medina | $736,700 (±$79,578) |
Showing 10 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.
What you can do on Seayora in Wayzata
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Wayzata beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Wayzata, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Wayzata, and send estimates and invoices from your phone.
Questions about Wayzata
What is the average home value in Wayzata, MN?
The Census Bureau publishes the median: $1,153,400 (±$132,642) for owner-occupied homes in Wayzata (2020–2024 American Community Survey).
Have home values in Wayzata gone up?
In Wayzata, the median home value went from $523,600 in 2015–2019 to $1,153,400 in 2020–2024 (+120.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Wayzata sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wayzata city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Wayzata city, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Wayzata city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Wayzata city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Wayzata city, Minnesota (place:68818, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
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 .
Related
- Housing in Wayzata at a glance
- Median rent in Wayzata
- Rent by bedrooms in Wayzata
- Rent burden in Wayzata
- Renters and owners in Wayzata
- Income and affordability in Wayzata
- Homeowner costs in Wayzata
- Property taxes in Wayzata
- Types of homes in Wayzata
- Bedrooms in Wayzata
- Age of homes in Wayzata
- Vacancy rate in Wayzata
- Heating fuel in Wayzata
- Commute and cars in Wayzata
- Crime reported to police in Wayzata
- Population growth in Wayzata
- How long people stay in Wayzata
- Crowding and facilities in Wayzata
- Minnesota landlord and tenant rules
- Housing across Hennepin County
- Minnesota places ranked by median home value
- Housing data for every place in Minnesota