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 Size

Housing Units by Size
Studio Type1.20%
One Bedroom14.30%
Two Bedrooms25%
Three Bedrooms31.90%
Four Bedrooms21.70%
Five Bedrooms or more6%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1971
Median Value of occupied units$190,100
Median Price asked for vacant units$287,500

Rented Homes, Apartments and Condos

Average Household Size1.76
Median year structure was built1985
Median Monthly Rent asked for vacant units$961

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage11%
Home Equity Loan13.20%
Simple Mortgage54.60%
Debt Free20.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%