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Advertise here →Tonka Bay, MN · Houses & Market Data
Tonka Bay, Minnesota houses and real estate market data.
Houses in Tonka Bay, MN (Hennepin County) — Census median home value $869,900, county listing prices down about 1.0% over the past year. Market data for Tonka Bay houses and the broader area.
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Tonka Bay, MN is in Hennepin County, Minnesota — this guide covers houses in Tonka Bay and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 1,361, with a median household income of $151,563. Census data puts Tonka Bay houses at a median value of $869,900 (all owner-occupied homes); Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.
Info from government sites and builders may have provided source info.
Market overview
Tonka Bay housing market
Tonka Bay is in Hennepin County, Minnesota. Manifest Census and county price-trend data provide baseline context for houses in Tonka Bay and the surrounding county market.
Median home value (Census ACS)
$869,900
Population (Census ACS)
1,361
Median household income
$151,563
County price trend (2025)
3.01% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Tonka Bay market snapshot
Population
1,361
County
Hennepin County
Median Household Income
$151,563
Median Home Value (city)
$869,900
Median Listing Price (Hennepin County)
$418,023
Median Gross Rent
$2,299/mo
Price Trend (YoY)
-1.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Tonka Bay different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Tonka Bay's median home value — across all owner-occupied homes, not just recent sales — at $869,900. 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
Tonka Bay has an estimated population of 1,361 and a median household income of $151,563, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Tonka Bay's Census-reported median home value works out to about 5.7x 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.
Nearby
Places around Tonka Bay
County guide: Hennepin County — cities, market context, and local resources for the county that includes Tonka Bay.
USAHouses.com also helps visitors looking in nearby Hennepin County and other Minnesota communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Excelsior, Greenwood, Village of Minnetonka Beach, Spring Park, Deephaven, Orono, Mound, Woodland, Long Lake, Wayzata, Minnetonka, Minnetrista, Maple Plain, Eden Prairie, St. Bonifacius, Medina.
Excelsior market data
Nearby city · ~1.2 mi
Greenwood market data
Nearby city · ~1.6 mi
Village of Minnetonka Beach market data
Nearby city · ~1.7 mi
Spring Park market data
Nearby city · ~2.6 mi
Deephaven market data
Nearby city · ~3.0 mi
Orono market data
Nearby city · ~3.2 mi
Mound market data
Nearby city · ~3.8 mi
Woodland market data
Nearby city · ~4.0 mi
Long Lake market data
Nearby city · ~4.8 mi
Wayzata market data
Nearby city · ~5.1 mi
Minnetonka market data
Nearby city · ~6.4 mi
Minnetrista market data
Nearby city · ~6.4 mi
Maple Plain market data
Nearby city · ~7.5 mi
Eden Prairie market data
Nearby city · ~7.7 mi
St. Bonifacius market data
Nearby city · ~8.0 mi
Medina market data
Nearby city · ~8.3 mi
More Minnesota cities with market guides: Rochester, Duluth, Woodbury, Lakeville, Blaine, St. Cloud, Eagan, Burnsville.
Rochester market data
Same-state city guide
Duluth market data
Same-state city guide
Woodbury market data
Same-state city guide
Lakeville market data
Same-state city guide
Blaine market data
Same-state city guide
St. Cloud market data
Same-state city guide
Eagan market data
Same-state city guide
Burnsville market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: Shorewood (~1.0 mi), Chanhassen (~4.3 mi), Victoria (~5.1 mi), Chaska (~6.9 mi), Crown College (~8.0 mi), Carver (~10.8 mi), Waconia (~11.2 mi), Shakopee (~11.2 mi), Watertown (~13.0 mi), Cologne (~14.2 mi), Prior Lake (~14.8 mi), Mayer (~15.2 mi), Savage (~15.3 mi), Jordan (~17.5 mi), Columbia Heights (~19.0 mi), Norwood Young America (~19.0 mi).
New construction: New homes near Tonka Bay (Minneapolis St Paul) · Minnesota new construction.
Census & home facts
Tonka Bay data from published sources
Population (ACS 2023)
1,361
Median home value (ACS 2023)
$869,900
Median household income (ACS 2023)
$151,563
Median gross rent (ACS 2023)
$2,299
County FHFA annual change (2025)
3.01%
County median listing price (FRED/Realtor.com) (2026-06-01)
$418,023
Census place type
city
County
Hennepin County
Land area (Census Gazetteer 2024)
0.94 sq mi
Census GEOID
2765164
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Tonka Bay
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Foxwood II ↗
Stonegate Builders · Chanhassen, Minnesota · ~4.3 mi
The Meadows on Halstead's Bay ↗
Stonegate Builders · Minnetrista, Minnesota · ~6.4 mi
Woodland Cove ↗
M/I Homes · Minnetrista, Minnesota · ~6.4 mi
Kinsley ↗
Pulte · Eden Prairie, Minnesota · ~6.9 mi
Oak Creek ↗
D.R. Horton · Chaska, Minnesota · ~7.3 mi · from $563,990
Local life
Life in Tonka Bay
Schools
Minneapolis Public School District — 97 schools, 29,205 students enrolled, per the U.S. Department of Education's Common Core of Data. Hennepin addresses may be served by Minneapolis Public School District, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Tonka Bay FAQ
What are houses worth in Tonka Bay, MN?
The Census Bureau's American Community Survey puts the median value of houses in Tonka Bay at $869,900. Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.
How much do houses cost in Tonka Bay, MN?
For owner-occupied houses in Tonka Bay, Census ACS data shows a median value of $869,900. Active listing prices in Hennepin County may differ — see the market snapshot above.
What types of houses are in Tonka Bay, MN?
Tonka Bay houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Hennepin County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Tonka Bay, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Tonka Bay's population at approximately 1,361.
What's the median rent in Tonka Bay, MN?
The Census ACS estimates median gross rent in Tonka Bay at approximately $2,299 per month.
What is the median household income in Tonka Bay, MN?
Census ACS data puts the median household income in Tonka Bay at approximately $151,563.
Is the Tonka Bay housing market growing?
Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.
Is Tonka Bay, MN affordable relative to income?
Census ACS data puts Tonka Bay's median home value at about 5.7 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.
What school district serves Tonka Bay, MN?
Manifest and public school-directory data suggest Minneapolis Public School District for many Tonka Bay addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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