Zip 55391 (Minnetonka, MN) Housing

The housing in 55391 Minnetonka, MN is highly valued, with the median value of homes being $802,400. This is substantially higher than the US House Median Value of $338,100. The US 1 year House Appreciation rate was 8.27%, while the house 1 year appreciation rate for 55391 Minnetonka, MN was 6.82%. These figures indicate that housing in this area is relatively expensive and appreciating steadily.

The median home cost in Minnetonka (zip 55391) is $802,400. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Minnetonka (zip 55391) is up 11.0%.

Average Age of Homes

- The median age of Minnetonka (zip 55391) real estate is 44 years old

The Rental Market in Minnetonka (zip 55391)

- Renters make up 16.7% of the Minnetonka (zip 55391) population
- 0.4% of houses and apartments in Minnetonka (zip 55391), 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
	7,295.0	139,647,020.0
	43	42
	$802,400	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.11	$10.98
	$7,025	$2,690
	71.7%	57.4%
	10.1%	11.2%
	18.2%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.7%	0.4%
	5.5%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.2%	2.4%
	0.2%	2.8%
	0.4%	3.9%
	0.7%	4.5%
	0.4%	11.3%
	0.9%	13.0%
	6.9%	20.1%
	13.0%	13.6%
	16.4%	8.3%
	20.4%	9.7%
	14.9%	3.9%
	7.4%	2.2%
	5.9%	0.8%
	12.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.1%	13.6%
	8.1%	13.6%
	10.5%	13.6%
	12.3%	13.2%
	13.7%	14.8%
	10.5%	13.6%
	14.0%	10.0%
	5.7%	4.7%
	10.3%	12.2%

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