Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wayzata area can be challenging. Home prices in Wayzata are now at a median cost of $631,495, higher than the Minnesota average of $269,934.
The average cost of rent is $1,607/mo in Wayzata, primarily driven by the current value of real estate in the Wayzata area. While nearly 37.25% of residents own their homes outright in Wayzata, 37.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wayzata is $10,412 per month. Households that rent pay about 15.44% of their income on rent here. Wayzata's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Woodland, MN: higher priced homes
- Long Lake, MN: less expensive homes
- Deephaven, MN: higher priced homes
- Minnetonka, MN: less expensive homes
- Plymouth, MN: less expensive homes
- Medicine Lake, MN: less expensive homes
- Orono, MN: equally priced homes
- Minnetonka Beach, MN: higher priced homes
- Medina, MN: equally priced homes
- Greenwood, MN: higher priced homes
Cities with Similar Populations
- East Bend, NC: less expensive homes
- Drummonds, TN: less expensive homes
- Dublin, TX: less expensive homes
- Dulles Town Center, VA: less expensive homes
- Dundee, FL: less expensive homes
- Duquesne, PA: less expensive homes
- Dyersville, IA: less expensive homes
- Eagle, WI: less expensive homes
- Early, TX: less expensive homes
- Earlysville, VA: less expensive homes
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