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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 14.30% |
| Two Bedrooms | 25% |
| Three Bedrooms | 31.90% |
| Four Bedrooms | 21.70% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 11% |
| Home Equity Loan | 13.20% |
| Simple Mortgage | 54.60% |
| Debt Free | 20.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
