Home Price Key
Affordable
Average
Expensive
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 $1,045,000, higher than the Minnesota average of $269,934.
The average cost of rent is $1,133/mo in Minnetonka Beach, primarily driven by the current value of real estate in the Minnetonka Beach area. While nearly 31.56% of residents own their homes outright in Minnetonka Beach, 3.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Minnetonka Beach is $18,719 per month. Households that rent pay about 6.05% of their income on rent here. Minnetonka Beach's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Tonka Bay, MN: less expensive homes
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- Deephaven, MN: less expensive homes
- Woodland, MN: higher priced homes
Cities with Similar Populations
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- Sugar Run, PA: less expensive homes
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