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Real Estate Prices & Overview

Minnetonka South median real estate price is $534,004, which is more expensive than 88.1% of the neighborhoods in Minnesota and 74.0% of the neighborhoods in the U.S.

The average rental price in Minnetonka South is currently $2,093, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.8% of the neighborhoods in Minnesota.

Minnetonka South is a suburban neighborhood (based on population density) located in Minnetonka, Minnesota.

Minnetonka South real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Minnetonka South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Minnetonka South are 5.5%, which is lower than one will find in 65.0% of American neighborhoods. Demand for real estate in Minnetonka South is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Minnetonka, the Minnetonka South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If you are planning to retire in Minnesota, this neighborhood should be on your must-see list. For many reasons, Minnetonka South may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Minnesota, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.7% of neighborhoods in MN. If a Minnesota retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives and urban sophisticates.

Diversity

Did you know that the Minnetonka South neighborhood has more Swedish and Norwegian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.9% of this neighborhood's residents have Swedish ancestry and 15.5% have Norwegian ancestry.

Minnetonka South is also pretty special linguistically. Significantly, 4.0% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.6% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Minnetonka South neighborhood in Minnetonka are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 78.8% of the neighborhoods in America. In addition, 6.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 62.1% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Minnetonka South neighborhood, 66.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (8.8%), and 5.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Minnetonka South neighborhood is English, spoken by 97.6% of households. Some people also speak Russian (4.0%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Minnetonka South neighborhood in Minnetonka, MN, residents most commonly identify their ethnicity or ancestry as German (25.3%). There are also a number of people of Norwegian ancestry (15.5%), and residents who report English roots (13.9%), and some of the residents are also of Irish ancestry (12.9%), along with some Swedish ancestry residents (10.9%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Minnetonka South neighborhood spend between 15 and 30 minutes commuting one-way to work (59.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (62.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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