Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Minnetonka area can be challenging. Home prices in Minnetonka are now at a median cost of $387,322, higher than the Minnesota average of $269,934.
The average cost of rent is $1,541/mo in Minnetonka, primarily driven by the current value of real estate in the Minnetonka area. While nearly 32.62% of residents own their homes outright in Minnetonka, 22.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Minnetonka is $9,989 per month. Households that rent pay about 15.43% of their income on rent here. Minnetonka's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Hopkins, MN: less expensive homes
- Woodland, MN: higher priced homes
- Deephaven, MN: higher priced homes
- Wayzata, MN: higher priced homes
- Medicine Lake, MN: higher priced homes
- St. Louis Park, MN: less expensive homes
- Greenwood, MN: higher priced homes
- Eden Prairie, MN: equally priced homes
- Edina, MN: higher priced homes
- Golden Valley, MN: less expensive homes
Cities with Similar Populations
- Glendora, CA: higher priced homes
- Port Arthur, TX: less expensive homes
- Spanaway, WA: less expensive homes
- Sterling, VA: equally priced homes
- Stratford, CT: less expensive homes
- Taunton, MA: less expensive homes
- Tooele, UT: less expensive homes
- Valley Stream, NY: higher priced homes
- West New York, NJ: equally priced homes
- Galveston, TX: less expensive homes
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