Housing costs in Minnetonka?
A typical home costs
$466,000, which is 37.8% more expensive than the national average of
$338,100 and 50.6% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Minnetonka costs
$1,710 per month, which is 37.9% more than the national average of
$1,240 and 18.1% more than the state average of
$1,400.
Can I afford Minnetonka?
To live comfortably in Minnetonka (zip 55345), Minnesota, a minimum annual income of
$89,280 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Minnetonka?
Living in 55345 Minnetonka, MN can be quite affordable. The median home value is approximately $400,000, which is higher than the national average but still relatively affordable for the area. Along with this, the cost of goods and services are generally lower in comparison to other parts of the country. Property tax rates are also low compared to other cities in Minnesota. All in all, 55345 Minnetonka provides a great quality of life at an affordable price point.