Map of Minnetonka real estate information by neighborhood

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Median House Value:

Minnetonka, MN real estate and demographic information

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Minnetonka zip codes55345, 55305, 55343, 55391

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POPULATION
51,299

Minnetonka, MN Information

MINNETONKA INFORMATION DETAILS
POPULATION 51,299
NUMBER OF HOMES AND APARTMENTS 22,227
MINNETONKA HOME OWNERSHIP
% OWNER OCCUPIED 72.84%
% RENTER OCCUPIED 23.40%
% VACANT 3.76%
TYPE OF MINNETONKA HOMES
SINGLE FAMILY DETACHED 58.55%
ROWHOUSES AND ATTACHED HOMES 10.94%
SMALL APARTMENT BUILDINGS 1.85%
COMPLEXES OR HIGH RISE APARTMENTS 28.56%
MOBILE HOMES 0.10%
OTHER 0.00%
SIZE OF MINNETONKA HOMES
NO BEDROOM 1.22%
1 BEDROOM 14.31%
2 BEDROOMS 24.97%
3 BEDROOMS 31.88%
4 BEDROOMS 21.66%
5 OR MORE BEDROOMS 5.96%
AGE OF HOMES
NEWER HOMES (1995 OR LATER) 8.15%
ESTABLISHED, BUT NOT OLD HOMES (1970-1994) 54.67%
WELL-ESTABLISHED, OLD HOMES (1940-1969) 33.70%
HISTORIC (1939 OR BEFORE) 3.48%


MINNETONKA REAL ESTATE INFORMATION DETAILS
MEDIAN HOME VALUE $328,739
MEDIAN RENTAL PRICE $1,367
HOME VALUE RANGE
$0-$90,000 0.62%
$90,001-$180,000 6.63%
$180,001-$361,000 50.77%
$361,001-$541,000 25.04%
$541,001-$721,000 8.12%
$721,001-$901,000 3.59%
$901,001-$1,350,000 3.85%
$1,350,001-$1,801,000 1.10%
> $1,801,000 0.28%


PEOPLE OF Minnetonka DETAILS
POPULATION DISTRIBUTION
UNDER 5 YEARS 5.34%
5 TO 17 17.84%
18 TO 24 5.96%
25 TO 34 11.66%
35 TO 54 35.08%
55 TO 64 10.22%
65 YEARS AND OVER 13.90%
EDUCATIONAL ATTAINMENT OF ADULTS
HIGH SCHOOL GRADUATES 95.92%
COLLEGE GRADUATES 51.62%
MEDIAN HOUSEHOLD INCOME $69,979
PER CAPITA INCOME $40,410
INDIVIDUALS BELOW POVERTY LEVEL 2.63%
INDUSTRIES PEOPLE WORK IN Manufacturing (13.81%), Professional, scientific, and technical services (13.41%), Retail (12.15%), Healthcare (10.45%), Finance (8.58%), Education (7.87%), Wholesale (5.17%), Construction (4.16%), Other (3.61%), Accomodation (3.36%), Transportation (3.27%), Information Technology (3.13%), Administration (2.89%), Real Estate (2.82%), Public Service (2.16%)
ATTENDING COLLEGE 4.40%
RACIAL MAKEUP
WHITE 94.87%
BLACK OR AFRICAN AMERICAN 1.62%
AMERICAN INDIAN AND ALASKA NATIVE 0.19%
ASIAN 1.99%
NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDER 0.03%
SOME OTHER RACE ALONE 0.34%
TWO OR MORE RACES 0.97%
HISPANIC OR LATINO (OF ANY RACE) 1.44%
ETHNICITIES PRESENT German (21.94%), Norwegian (12.27%), Unclassified (11.04%), Irish (8.08%), Swedish (7.28%), Other Groups (6.02%), English (5.92%), United States or American (3.08%), Russian (2.86%), Polish (2.84%), Italian (2.05%)
FOREIGN BORN 5.73%
LANGUAGES SPOKEN English (87.49%)
About Minnetonka

Minnetonka is a larger medium-sized city located in the state of Minnesota. With a population of 51,299 people and 12 constituent neighborhoods, Minnetonka is the 13th largest community in Minnesota.

Minnetonka is a decidedly white-collar city, with fully 88.95% of the workforce employed in white-collar jobs, well above the national average. Overall, Minnetonka is a city of sales and office workers, professionals, and managers. There are especially a lot of people living in Minnetonka who work in sales jobs (16.63%), management occupations (15.34%), and office and administrative support jobs (13.39%).

Also of interest is that Minnetonka has more people living here who work in computers and math than 95% of the places in the US.

One thing noticeable about Minnetonka, although not a huge city, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That's because Minnetonka is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Minnetonka a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.

In addition to being popular with young singles, Minnetonka is also home to many people who can be described as "urban sophisticates." Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Minnetonka is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city's good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Minnetonka's overall crime rate is lower than average for the country.

Minnetonka Information and Demographics

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Minnetonka. 51.62% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 14.96%.

The per capita income in Minnetonka in 2000 was $40,410, which is wealthy relative to Minnesota and the nation. This equates to an annual income of $161,640 for a family of four. However, Minnetonka contains both very wealthy and poor people as well.

The people who call Minnetonka home come from a variety of different races and ancestries. The most prevalent race in Minnetonka is White, followed by Asian. Important ancestries of people in Minnetonka include German, Norwegian, Irish, Swedish, English, Russian, Polish, and Italian.

The most common language spoken in Minnetonka is English.

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