Zip 55345 (Minnetonka, MN) Housing

Housing in 55345 Minnetonka, MN is quite expensive with the median value currently at $466,000. This is significantly higher than the US house median value of $338,100 and represents a 6.82% increase in value over the past year. Although this rate of appreciation is lower than the 8.27% seen nationally, 55345 remains an attractive option for home buyers looking to invest in real estate.

The median home cost in Minnetonka (zip 55345) is $466,000. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Minnetonka (zip 55345) is up 11.0%.

Average Age of Homes

- The median age of Minnetonka (zip 55345) real estate is 45 years old

The Rental Market in Minnetonka (zip 55345)

- Renters make up 17.5% of the Minnetonka (zip 55345) population
- 0.5% of houses and apartments in Minnetonka (zip 55345), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Minnetonka, Minnesota	United States
	9,000.0	139,647,020.0
	49	42
	$466,000	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$12.61	$10.98
	$4,895	$2,690
	80.8%	57.4%
	3.6%	11.2%
	15.7%	31.4%
Vacant Housing
	0.5%	1.9%
	0.4%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	1.0%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.1%	2.4%
	0.0%	2.8%
	0.4%	3.9%
	0.2%	4.5%
	0.9%	11.3%
	3.0%	13.0%
	16.7%	20.1%
	32.2%	13.6%
	21.6%	8.3%
	17.3%	9.7%
	5.4%	3.9%
	1.4%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	8.2%	13.6%
	20.2%	13.2%
	17.5%	14.8%
	8.2%	13.6%
	20.9%	10.0%
	2.0%	4.7%
	4.3%	12.2%

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