Open
Local agent spot
This featured-agent spot is open for a licensed local real estate professional in Minnesota.
Advertise here →Minnetonka, MN · Market Data
Minnetonka, Minnesota real estate market data.
Real estate market data for Minnetonka, MN (Hennepin County) — Census median home value $456,200, county listing prices down about 1.0% over the past year.
Minnetonka, MN is in Hennepin County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 53,256, with a median household income of $120,496. Census data puts Minnetonka's median home value at $456,200 (all owner-occupied homes); Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.
At a glance
Minnetonka market snapshot
Population
53,256
Median Household Income
$120,496
Median Home Value (city)
$456,200
Median Listing Price (Hennepin County)
$418,023
Median Gross Rent
$1,758/mo
Price Trend (YoY)
-1.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
Local resources
Get help buying or selling in Minnetonka
What can I afford?
Estimate a comfortable price range in under a minute, then connect with a lender for real numbers.
Rough estimate only (28% of income toward housing, ~6.5% illustrative rate, 30-year term) — not a loan offer or pre-qualification. Connect with a lender for real numbers →
Open
Advertise to local buyers
Lenders, inspectors, movers, and other local pros — this spot is open.
Advertise here →Why Minnetonka
What makes Minnetonka different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Minnetonka's median home value — across all owner-occupied homes, not just recent sales — at $456,200. Separately, Hennepin County's current median listing price (via Realtor.com data, 2026-06-01) runs $418,023. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.
Population & Income
Minnetonka has an estimated population of 53,256 and a median household income of $120,496, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Minnetonka's Census-reported median home value works out to about 3.8x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Reach Minnetonka buyers
Builders: feature your communities in front of Minnetonka buyers — learn about advertising ↗
Want to own this market? Ask about our Minnetonka domains — see available domains ↗
Common questions
Minnetonka FAQ
What are home values like in Minnetonka, MN?
The Census Bureau's American Community Survey puts Minnetonka's median home value at $456,200. Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.
What is the population of Minnetonka, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Minnetonka's population at approximately 53,256.
What's the median rent in Minnetonka, MN?
The Census ACS estimates median gross rent in Minnetonka at approximately $1,758 per month.
What is the median household income in Minnetonka, MN?
Census ACS data puts the median household income in Minnetonka at approximately $120,496.
Is the Minnetonka housing market growing?
Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.
Is Minnetonka, MN affordable relative to income?
Census ACS data puts Minnetonka's median home value at about 3.8 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
Search Minnetonka homes
Look up homes in Minnetonka
Search new construction and resale homes in Minnetonka — the same live MLS data agents use, not just what's summarized on this page.
Search Minnetonka homes ↗Get connected
Find your Minnetonka new home
Prices, availability, and incentives change weekly and don't always make it onto this page. Tell us your area, budget, and timeline and we'll point you to communities that fit — including options we track but haven't published here yet.
Get connected in MinnetonkaExplore more
Where to go next
Get the Minnetonka market guide
Tell us what you're looking for — buy, sell, both, invest, rent, or you're an agent, builder, vendor, or advertiser. Include where you want to buy or sell and your address if relevant, and we'll route you to the right resource.
Buyer · Seller · Both · Investor · Renter · Agent/Broker · New Home Builder · Vendor/Service Pro · Advertiser · Other