Minnetonka, MN Real Estate
According to census data in the year 2000 there were 22,227 housing units in Minnetonka.
This represents a 10.5% growth from 20,119 in 1990.
Of those housing units, 22,227 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Minnetonka is about 75.7%.
Minnetonka's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Minnetonka were built after 1976.
|Housing Units by Size|
|Five Bedrooms or more||6%|
Owned Homes, Apartments and Condos
|Average Household Size||2.56|
|Median year structure was built||1971|
|Median Value of occupied units||$190,100|
|Median Price asked for vacant units||$287,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.76|
|Median year structure was built||1985|
|Median Monthly Rent asked for vacant units||$961|
Owners Finance Status
|Second Mortgage & Equity Loan||0.70%|
|Home Equity Loan||13.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.2%|