The housing market in Minnetonka, MN is strong and has seen steady growth over the past year. The median value of a house in Minnetonka is currently $412,600 which is 19.7% higher than the U.S. House Median Value of $338,100. Additionally, the 1 year house appreciation in Minnetonka is 6.82%, which is slightly below the national average of 8.27%. It's clear to see that while home values are on the rise in Minnetonka, it's not quite as fast as other markets around the country. Nevertheless, this city offers attractive home ownership opportunities for potential buyers looking for a stable housing market with good returns on their investment.
The median home cost in Minnetonka is $412,600. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Minnetonka is up 11.0%.
Average Age of Homes
- The median age of Minnetonka real estate is 37 years old
The Rental Market in Minnetonka
- Renters make up 26.3% of the Minnetonka population
- 1.9% of houses and apartments in Minnetonka, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.