Zip 55305 (Minnetonka, MN) Housing

The housing median value in 55305 Minnetonka, MN is $399,700, which is higher than the US House Median Value of $338,100. The US House Appreciation is 8.27%, while the 1 year house appreciation in 55305 Minnetonka, MN is 6.82%. This shows that the housing market in this area has seen a slight increase in value over the previous year, although not as much as the national average. Overall, housing prices are still relatively high compared to other areas of the country due to its desirable location and amenities.

The median home cost in Minnetonka (zip 55305) is $399,700. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Minnetonka (zip 55305) is up 11.0%.

Average Age of Homes

- The median age of Minnetonka (zip 55305) real estate is 35 years old

The Rental Market in Minnetonka (zip 55305)

- Renters make up 39.7% of the Minnetonka (zip 55305) population
- 3.2% of houses and apartments in Minnetonka (zip 55305), 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
	10,536.0	139,647,020.0
	39	42
	$399,700	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.01	$10.98
	$3,950	$2,690
	55.5%	57.4%
	5.3%	11.2%
	39.2%	31.4%
Vacant Housing
	3.2%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	1.2%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.5%	2.4%
	0.3%	2.8%
	0.3%	3.9%
	2.0%	4.5%
	4.2%	11.3%
	10.0%	13.0%
	17.3%	20.1%
	25.3%	13.6%
	14.4%	8.3%
	16.1%	9.7%
	5.0%	3.9%
	3.2%	2.2%
	0.0%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.2%	13.6%
	7.2%	13.6%
	17.6%	13.6%
	26.6%	13.2%
	11.8%	14.8%
	17.6%	13.6%
	15.4%	10.0%
	3.1%	4.7%
	3.8%	12.2%

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