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These days, finding an affordable place to live in the Minnetonka Beach area can be challenging. Home prices in Minnetonka Beach are now at a median cost of $1,729,200, higher than the Minnesota average of $345,793.
The average cost of rent is $1,283/mo in Minnetonka Beach, primarily driven by the current value of real estate in the Minnetonka Beach area. In Minnetonka Beach, 2.45% of households rent, and 30.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Minnetonka Beach is $15,451 per month. Households that rent pay about 8.30% of their income on rent here. Minnetonka Beach’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tonka Bay, MN: less expensive homes
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- Woodland, MN: equally priced homes
Cities with Similar Populations
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