The housing market in Minnetonka Beach, MN is a strong one with the median value of homes sitting at just over $1.7 million. This is significantly higher than the US house median value of $338,100. Although the US has seen a 1 year appreciation of 8.27%, Minnetonka Beach has experienced an even stronger 6.82% appreciation rate. This makes this area a desirable area to live for those looking for an expensive home that will continue to appreciate in value.
The median home cost in Minnetonka Beach is $1,702,300. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Minnetonka Beach is up 11.0%.
Average Age of Homes
- The median age of Minnetonka Beach real estate is 55 years old
The Rental Market in Minnetonka Beach
- Renters make up 7.1% of the Minnetonka Beach population
- 0.0% of houses and apartments in Minnetonka Beach, 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.