Tonka Bay, MN
Full City Profile · Minnesota · Carver County County
4.1
/5.0
A
Great
1,361
Population
1,448/sq mi density
$151,563
Median Income
$133,352 per capita
$869,900
Home Value
$1,129,962 Zillow
$2,299
Median Rent
19.6% income on rent
47°F
Avg Temperature
A
Overall
4.1 / 5.0
Strong
B+
Economy
3.9 / 5.0
$151,563 median income, 9.1% unemployment
B
Affordability
3.4 / 5.0
$869,900 home value, $2,299/mo rent
A+
Education
5.0 / 5.0
64.8% bachelor's degree or higher
Housing Overview
Median Home Value
$869,900
209% above
US avg: $281,900
Median Rent
$2,299/mo
98% above
US avg: $1,163/mo
Homeownership Rate
86.8%
33% above US avg (65.4%)
Total Housing Units
655
Median year built: 1976
Home Value by Source
Census Median
$869,900
Zillow (ZHVI)
$1,129,962
Redfin Median Sale
$562,500
Median Sale Price
$562,500
Median List Price
$1,599,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.8%
Owner-Occupied
13.2%
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:
$2,299/mo
Market Indicators (Redfin)
Median Sale Price
$562,500
Median Days on Market
26 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
11.1%
of listings with price reduction
Price Per Sq Ft
$222
Active Inventory
9
homes for sale
Affordability & Housing Stock
Rent Burden
19.6%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
86.8%
Complete Housing Data
Home Values
| Census Median Value | $869,900 |
| Zillow Home Value (ZHVI) | $1,129,962 |
| Redfin Median Sale | $562,500 |
| Median Sale Price | $562,500 |
| Median List Price | $1,599,000 |
| Price Per Sq Ft | $222 |
Rent
| Census Median Rent | $2,299 |
| 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 | 26 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 11.1% |
| Homes Sold | 2 |
| Active Inventory | 9 |
| Price Per Sq Ft | $222 |
Ownership & Stock
| Owner-Occupied | 86.8% |
| Renter-Occupied | 13.2% |
| Homeownership Rate | 86.8% |
| Total Housing Units | 655 |
| Median Year Built | 1976 |
| Rent Burden | 19.6% |