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Minnetonka, MN
Full City Profile · Minnesota · Carver County County
3.9
/5.0
B+
Good
53,256
Population
1,978/sq mi density
$120,496
Median Income
$73,713 per capita
$456,200
Home Value
$472,418 Zillow
$1,758
Median Rent
27.1% income on rent
47°F
Avg Temperature
270 sunny days/yr
55
Violent Crime/100K
1,417 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$120,496 median income, 1.5% unemployment
A+
Affordability
4.6 / 5.0
$456,200 home value, $1,758/mo rent
F
Safety
1.0 / 5.0
55 violent crimes/100K
A+
Education
5.0 / 5.0
63.3% bachelor's degree or higher
Housing Overview
Median Home Value
$456,200
62% above
US avg: $281,900
Median Rent
$1,758/mo
51% above
US avg: $1,163/mo
Homeownership Rate
72.5%
11% above US avg (65.4%)
Total Housing Units
24,647
Median year built: 1979
Home Value by Source
Census Median
$456,200
Zillow (ZHVI)
$472,418
Median Sale Price
$515,000
Median List Price
$574,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.5%
Owner-Occupied
27.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$1,758/mo
· Zillow rent:
$1,837/mo
Market Indicators (Redfin)
Median Days on Market
86 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
39
Price Drops
19.5%
of listings with price reduction
Price Per Sq Ft
$221
Active Inventory
118
homes for sale
Affordability & Housing Stock
Rent Burden
27.1%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
72.5%
Complete Housing Data
Home Values
| Census Median Value | $456,200 |
| Zillow Home Value (ZHVI) | $472,418 |
| Median Sale Price | $515,000 |
| Median List Price | $574,950 |
| Price Per Sq Ft | $221 |
Rent
| Census Median Rent | $1,758 |
| Zillow Rent (ZORI) | $1,837 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 86 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 19.5% |
| Homes Sold | 39 |
| Active Inventory | 118 |
| Price Per Sq Ft | $221 |
Ownership & Stock
| Owner-Occupied | 72.5% |
| Renter-Occupied | 27.5% |
| Homeownership Rate | 72.5% |
| Total Housing Units | 24,647 |
| Median Year Built | 1979 |
| Rent Burden | 27.1% |