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Advertise here →Wayzata, MN · Market Data
Wayzata, Minnesota real estate market data.
Real estate market data for Wayzata, MN (Hennepin County) — Census median home value $1,047,400, county listing prices down about 1.0% over the past year.
Wayzata, 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 4,363, with a median household income of $125,344. Census data puts Wayzata's median home value at $1,047,400 (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
Wayzata market snapshot
Population
4,363
Median Household Income
$125,344
Median Home Value (city)
$1,047,400
Median Listing Price (Hennepin County)
$418,023
Median Gross Rent
$1,507/mo
Price Trend (YoY)
-1.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Wayzata different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Wayzata's median home value — across all owner-occupied homes, not just recent sales — at $1,047,400. 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
Wayzata has an estimated population of 4,363 and a median household income of $125,344, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Wayzata's Census-reported median home value works out to about 8.4x the area's median household income, and median gross rent runs roughly 14% 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.
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Common questions
Wayzata FAQ
What are home values like in Wayzata, MN?
The Census Bureau's American Community Survey puts Wayzata's median home value at $1,047,400. Hennepin County's current median listing price runs $418,023, down about 1.0% over the past year.
What is the population of Wayzata, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Wayzata's population at approximately 4,363.
What's the median rent in Wayzata, MN?
The Census ACS estimates median gross rent in Wayzata at approximately $1,507 per month.
What is the median household income in Wayzata, MN?
Census ACS data puts the median household income in Wayzata at approximately $125,344.
Is the Wayzata housing market growing?
Hennepin County's FHFA house price index shows a 3.01% annual change in 2025.
Is Wayzata, MN affordable relative to income?
Census ACS data puts Wayzata's median home value at about 8.4 times the median household income, with median gross rent equal to roughly 14% 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.
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