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Minnetonka, MN Housing

 
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As of 2010-2014, median price of a house in Minnetonka is $289,000, which is higher than the state average of $185,200 and is much higher than the national average of $175,700. The Minnetonka median house value has grown by 52.03% since 2000. The growth rate for the price of a house in Minnetonka is about the same as the state average rate of 51.31% and is higher than the national average rate of 46.91%. The median year that a house in Minnetonka was built is 1978, which is newer than the median year for a house built in the state which is 1975 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 16,109 Owner Occupied Houses in Minnetonka, MN, #34
Minnetonka, MN
289,000 USD
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #476
Minnetonka, MN
52.03%
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Minnetonka, MNMinnesotaU.S.
Total Housing Units23,565, see rank, 100%2,364,149132,741,033
Occupied Housing Units22,306, 94.66%, see rank89.48%87.55%
Owner Occupied16,109, 68.36%, see rank64.51%56.34%
Renter Occupied6,197, 26.30%, see rank24.96%31.21%
Vacant Housing Units1,259, 5.34%, see rank10.52%12.45%
For Rent336, 1.43%, see rank1.22%2.34%
For Sale Only192, 0.81%, see rank0.96%1.20%
Rented or Sold, Not Occupied244, 1.04%, see rank0.68%0.92%
For Seasonal, Recreational, or Occasional Use219, 0.93%, see rank5.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant268, 1.14%, see rank2.36%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #191
Minnetonka, MNMinnesotaU.S.
197819751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Minnetonka, MN%MinnesotaU.S.
Owner-Occupied Units16,109100%1,525,20174,787,460
With a Mortgage11,39370.72%, see rank68.78%65.58%
Without a Mortgage4,71629.28%, see rank31.22%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Minnetonka, MN
1,982 USD
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMinnetonka, MN%MinnesotaU.S.
$299 or Less00.00%, see rank0.18%0.20%
$300 to $499830.73%, see rank1.30%1.59%
$500 to $6991961.72%, see rank4.08%5.01%
$700 to $9995785.07%, see rank12.50%14.32%
$1,000 to $1,4992,31920.35%, see rank30.43%27.90%
$1,500 to $1,9992,62523.04%, see rank25.36%20.35%
$2,000 to $2,9993,38529.71%, see rank19.32%19.52%
$3,000 or More2,20719.37%, see rank6.84%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Minnetonka, MN
22.30% of the Total Income
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Minnetonka, MN%MinnesotaU.S.
10% or Less9268.13%, see rank6.13%5.86%
10% to 20%3,97334.87%, see rank35.03%31.95%
20% to 30%2,97126.08%, see rank30.01%27.64%
30% to 40%1,40512.33%, see rank12.88%13.74%
40% or More2,11818.59%, see rank15.67%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Minnetonka, MN
626 USD
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMinnetonka, MN%MinnesotaU.S.
$199 or Less471.00%, see rank4.45%7.76%
$200 to $2991232.61%, see rank10.96%14.70%
$300 to $4991,05822.43%, see rank39.99%34.63%
$500 to $6991,62334.41%, see rank27.38%21.16%
$700 or More1,86539.55%, see rank17.23%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Minnetonka, MN
13.00% of the Total Income
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Minnetonka, MN%MinnesotaU.S.
10% or Less1,83938.99%, see rank43.57%40.19%
10% to 20%1,50932.00%, see rank31.28%31.47%
20% to 30%67814.38%, see rank11.58%12.24%
30% to 40%2385.05%, see rank5.05%5.64%
40% or More4088.65%, see rank7.69%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Minnetonka, MNMinnesotaU.S.
Total Housing Units23,565, 100%2,364,149132,741,033
1-unit, Detached13,423, 56.96%, see rank67.25%61.65%
1-unit, Attached2,597, 11.02%, see rank7.45%5.82%
2 Units139, 0.59%, see rank2.34%3.75%
3 or 4 Units388, 1.65%, see rank2.08%4.43%
5 to 9 Units236, 1.00%, see rank2.23%4.78%
10 or More Units6,725, 28.54%, see rank15.14%13.08%
Mobile Home, Boat, RV, Van, etc.57, 0.24%, see rank3.52%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Minnetonka, MNMinnesotaU.S.
Total Housing Units23,565, 100%2,364,149132,741,033
1 Room66, 0.28%, see rank1.54%1.95%
2 Rooms507, 2.15%, see rank2.83%2.48%
3 Rooms2,616, 11.10%, see rank9.20%9.13%
4 Rooms3,330, 14.13%, see rank14.05%16.60%
5 Rooms2,713, 11.51%, see rank15.52%20.41%
6 Rooms2,751, 11.67%, see rank14.98%18.06%
7 Rooms2,682, 11.38%, see rank12.86%12.27%
8 Rooms2,901, 12.31%, see rank11.01%8.48%
9 Rooms or More5,999, 25.46%, see rank18.01%10.60%
Median Rooms6.40, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Minnetonka, MNMinnesotaU.S.
Total Housing Units23,565, 100%2,364,149132,741,033
No Bedroom72, 0.31%, see rank1.76%2.17%
1 Bedroom3,367, 14.29%, see rank11.71%11.16%
2 Bedrooms6,096, 25.87%, see rank26.64%26.69%
3 Bedrooms7,341, 31.15%, see rank34.15%39.70%
4 Bedrooms5,019, 21.30%, see rank19.81%16.05%
5 or More Bedrooms1,670, 7.09%, see rank5.94%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Minnetonka, MNMinnesotaU.S.
Total Housing Units22,306, 100%2,115,337116,211,092
Utility Gas18,168, 81.45%, see rank66.78%48.85%
Bottled, Tank, or LP Gas299, 1.34%, see rank10.05%4.86%
Electricity3,305, 14.82%, see rank16.13%36.68%
Fuel Oil, Kerosene, etc.135, 0.61%, see rank2.62%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood100, 0.45%, see rank2.55%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel147, 0.66%, see rank1.17%0.47%
No Fuel Used152, 0.68%, see rank0.65%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMinnetonka, MNMinnesotaU.S.
Occupied Units Paying Rent6,028, 100%562,19839,201,928
$199 or Less81, 1.34%, see rank2.46%1.50%
$200 to $299123, 2.04%, see rank4.66%3.18%
$300 to $499214, 3.55%, see rank9.32%7.37%
$500 to $699240, 3.98%, see rank17.06%16.01%
$700 to $9991,405, 23.31%, see rank33.30%29.17%
$1,000 to $1,4992,676, 44.39%, see rank23.49%26.88%
$1,500 to $1,999957, 15.88%, see rank7.02%9.79%
$2,000 or More332, 5.51%, see rank2.69%6.10%
Median$1,130, see rank$835$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Minnetonka, MNMinnesotaU.S.
Occupied Housing Units22,306, 100%2,115,337116,211,092
No Vehicles Available990, 4.44%, see rank7.25%9.12%
1 Vehicles Available7,704, 34.54%, see rank30.11%33.80%
2 Vehicles Available9,756, 43.74%, see rank40.67%37.48%
3 or More Vehicles Available3,856, 17.29%, see rank21.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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