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Minnetonka, Minnesota

Minnetonka Real Estate

Homes for sale, local facts and advice for buying or selling in Minnetonka, Hennepin County, from Huerkamp Home Group.

Updated October 7, 2026 · By Jason Huerkamp, REALTOR®

Key takeaways

What should you know about Minnetonka at a glance?

Minnetonka is a west metro city in Hennepin County, home to 52,651 people. Here's what the public numbers say.

  • Population: 52,651 (Census 2024 estimate; -2.2% since 2020)
  • Median home value: $475,800, 21% higher than the Hennepin County median (owner estimates, Census ACS)
  • Median household income: $119,517, 22% higher than Hennepin County
  • Homeownership: 71.6% of households own their home (Minnesota: 72.2%)
  • Getting around: about 20 minutes to downtown Minneapolis and 28 minutes to MSP Airport in light traffic
  • Schools: Hopkins Public School District covers about 57% of the city

Sources: US Census Bureau 2024 population estimates and 2020–2024 American Community Survey; drive times from OpenStreetMap routing.

For sale now

Where can I find Minnetonka homes for sale?

The newest Minnetonka listings, live from the NorthstarMLS. Open any home for photos, maps and saved-search alerts.

See all 209 Minnetonka homes for sale

Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.

Broker ReciprocityThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 7:28 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.

Listings from NorthstarMLS, updated every hour from 8 AM to 10 PM.

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How can you get new Minnetonka listings first?

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Housing market · September 2026

Minnetonka home prices and sales

Over the 12 months through September 2026, the median sale price in Minnetonka was $499,700, down 0.1% from the year before, with 774 homes sold.

  • Median sale price$499,700−0.1% vs. prior 12 months
  • Homes sold774past 12 months
  • Days on market49past 12 months
  • Months of supply3.3end of September 2026

NorthstarMLS data via the Minneapolis Area REALTORS® Local Market Update, current as of October 7, 2026. Full Minnetonka market report

Living in

What's it like living in Minnetonka, MN?

The answer

Minnetonka is a west metro city, and it's about 20 minutes from downtown Minneapolis and 34 minutes from downtown Saint Paul in light traffic. 64.3% of its homes are single-family houses, the typical home was built around 1981, and 71.6% of households own their home.

Downtown Minneapolis20min
Downtown Saint Paul34min
MSP Airport28min
Mall of America25min
University of Minnesota25min
Minnetonka52,651 residents · Hennepin County

Demographics · Minnetonka, MN

Who lives in Minnetonka?

According to the Census Bureau, Minnetonka's median household income is $119,517, 22% higher than the Hennepin County median (Hennepin County: $97,653). The median age is 42.9, 71.6% of households own their home and 65% of adults hold a bachelor's degree or higher.

Population52,65123,515 households
Median household income$119,517Hennepin Co. $97,653 · MN $89,062
Median home value$475,800Hennepin Co. $392,900 · MN $329,300
Median gross rent$1,779Hennepin Co. $1,487 · MN $1,280
Homeowners71.6%Hennepin Co. 62.7% · MN 72.2%
Bachelor's degree or higher65%Hennepin Co. 54.1% · MN 39.4%
Median age42.9Hennepin Co. 37.6 · MN 38.8
Single-family homes64.3%Median year built: 1981

US Census Bureau, American Community Survey 2020–2024 5-year estimates; population from 2024 estimates. Home values are owner estimates; values shown with “+” are the Census reporting cap.

Population trend

How fast is Minnetonka growing?

Minnetonka's population shrank 2.2% between 2020 and 2024, from 53,812 to 52,651 residents, according to Census Bureau estimates.

Minnetonka population, 2020–2024
52k53k54k55k2020202120222023202454,107202054,107202153,237202252,657202352,67852,651202452,651

US Census Bureau Vintage 2024 population estimates.

Show as a table
YearResidents
202054,107
202153,237
202252,657
202352,678
202452,651

School planning

Which schools serve a Minnetonka address?

  • Hopkins Public School Districtabout 57% of the city
  • Minnetonka Public School Districtabout 27% of the city
  • Wayzata Public School Districtabout 16% of the city

Ask the district for the school assignment of the exact address for the year you'll enroll, since boundaries can change. Being near a school doesn't guarantee a spot, and charter and private schools set their own rules.

Minnesota Report Card (Department of Education)

District coverage: US Census Bureau 2024 school district boundaries.

Crime data

How can you check reported crime near a home?

Ask the police department that serves the address for its current reports, and compare places only across the same time period and offense definitions. Missing data doesn't mean zero crime, and a citywide number doesn't describe a particular street.

FBI Crime Data Explorer

By ZIP code

What does Minnetonka look like by ZIP code?

4 ZIP codes cover most of Minnetonka.

ZIPShare of cityMedian home valueMedian household incomeHomeownersListings
5534542%$504,000$145,33285.3%Homes for sale
5530532%$451,800$104,91457.5%Homes for sale
5534314%$381,500$83,14346.5%Homes for sale
5539112%$923,400$174,30181.8%Homes for sale

ZIP code areas (ZCTAs) covering at least 5% of the city; values for the whole ZIP area, Census ACS 2020–2024.

Outdoor living

What lakes and water are in Minnetonka?

Minnetonka has about 1 square miles of water inside city limits. 11 lakes of 10 acres or more touch Minnetonka; each has its own page with the lakefront homes for sale on it.

Lakefront homes on Lake Minnetonka

All Twin Cities lake homes

Commute & transportation

How easy is getting around Minnetonka?

Minnetonka residents' average one-way commute is 19.3 minutes (Census ACS). 65.1% drive alone, 0.5% take public transit and 27.4% work from home.

Average commute19.3 minMN average 22.7 min
Drive alone65.1%of workers
Public transit0.5%of workers
Work from home27.4%of workers

Drive times from Minnetonka

Drive times: OSRM routing on OpenStreetMap data from the city's Census center point, light traffic. Rush hour takes longer.

Economy & jobs

Where do Minnetonka residents work?

The largest share of employed Minnetonka residents work in education, health care and social assistance (22.9%), followed by professional, scientific and management services (17.6%). The unemployment rate averaged 3% over 2020–2024 (Minnesota: 4.1%).

Census ACS 2020–2024, industry of employed residents 16 and older (C24050) and employment status (B23025).

Industries Minnetonka residents work in
  1. Education, health care and social assistance22.9%
  2. Professional, scientific and management services17.6%
  3. Manufacturing13.2%
  4. Finance, insurance and real estate11.4%
  5. Retail trade11%
  6. Arts, entertainment, recreation, lodging and food7.1%

City comparison

How does Minnetonka compare to Hopkins, Woodland and Deephaven?

The three communities with the shortest drive from Minnetonka, side by side.

MetricMinnetonkaHopkinsWoodlandDeephaven
Population (2024)52,65119,4623773,762
Change since 2020-2.2%+2%-1%-3.2%
Median home value$476K$376K$1,185K$936K
Median household income$120K$75K$190K$198K
Median gross rent$1,779$1,468——
Homeowners71.6%36.5%96.6%89.3%
Median age42.937.855.148.4
Average commute19.3 min18.9 min17.9 min26 min
Drive to downtown Minneapolis20 min16 min23 min25 min

Census 2024 estimates and ACS 2020–2024; drive times from OpenStreetMap routing.

Cost of ownership

What will a Minnetonka home cost you each month?

Enter the numbers for a specific home. The price starts at Minnetonka's Census median home value; the interest rate, property tax and insurance are yours to fill in from a lender quote, the county's tax statement and an insurance quote. This is an illustration, not a loan estimate.

Enter an interest rate to see a monthly estimate.

Selling in Minnetonka

What's required to sell a home in Minnetonka?

We haven't confirmed a city pre-sale inspection for Minnetonka; check with the city before you list. Every Minnesota sale still includes the state disclosures: property condition, wells, septic systems, radon, lead paint for older homes and more.

Selling in Minnesota: every city's rules and the state disclosures · Estimate your net proceeds

Is Minnetonka right for you?

Who should buy a home in Minnetonka?

  • Compare homes, not averages. Choose the space, layout and condition you need, and confirm it with an inspection.
  • Try the drive. Test your commute at the times you'd actually travel.
  • Check the schools for the address. Hopkins Public School District covers most of the city, but not all of it.
  • Budget the whole payment. Include taxes, insurance, association dues and upkeep.

Planning a move

What should I verify before moving to Minnetonka?

  • The property's current tax statement and homestead status from Hennepin County.
  • Lender, insurance and utility quotes for the exact address, plus any association documents and special assessments.
  • The seller's disclosures, including Minnesota's required radon and well disclosures.
  • Whether the city requires a point-of-sale inspection or certificate (Minneapolis and Saint Paul, for example, require Truth-in-Sale-of-Housing reports).
  • The school assignment for your enrollment year, confirmed with the district.

Local stories

What's happening in Minnetonka

Stories about Minnetonka: new development, parks, local businesses and the housing market.

All local stories

Living in Minneapolis on YouTube

Watch: Minnetonka on video

Jason's videos about Minnetonka: neighborhoods, homes and what living here is really like.

All Twin Cities videos

This weekend's open houses

Can you tour Minnetonka homes this weekend?

Found a Minnetonka home you like? We'll set up a private showing, usually within a day or two, or tell you when it has an open house.

Minnetonka FAQ

What do Minnetonka buyers most often ask?

What is the median home value in Minnetonka?

The Census Bureau's 2020–2024 American Community Survey puts the median value of owner-occupied homes in Minnetonka at $475,800, 21% higher than the Hennepin County median (Hennepin County: $392,900). These are owner estimates; for current asking prices, see the Minnetonka homes for sale in our home search.

How many people live in Minnetonka, MN?

About 52,651 people, according to the Census Bureau's 2024 estimate. The city shrank by 2.2% between 2020 and 2024.

Which school district serves Minnetonka?

Hopkins Public School District (about 57% of the city), Minnetonka Public School District (about 27% of the city) and Wayzata Public School District (about 16% of the city). School assignment depends on the exact address, so confirm it with the district before you buy.

How far is Minnetonka from downtown Minneapolis?

About 20 minutes by car in light traffic, and about 34 minutes to downtown Saint Paul. Residents' average one-way commute is 19.3 minutes (Census ACS).

Is Minnetonka a good place to live?

It depends on what you need. Minnetonka has a median household income of $119,517, 71.6% homeownership and a 19.3-minute average commute. Visit at the times you'd normally drive, check the school assignment for the address, and compare total ownership costs before you decide.

What does it cost to rent in Minnetonka?

The median gross rent (rent plus utilities) is $1,779 a month, compared with $1,487 in Hennepin County (Census ACS 2020–2024).

What ZIP codes are in Minnetonka?

55345, 55305, 55343 and 55391 cover most of the city. ZIP code areas and city limits don't match exactly, so check the city on the property record.

What lakes are in Minnetonka?

The largest named lakes inside the city are Grays Bay (about 103 acres), Glen Lake (about 58 acres), Crane Lake (about 39 acres) and Gleason Lake (about 29 acres), based on Census water maps.

How long does it take to close on a home in Minnetonka?

Most financed purchases close about 30 to 45 days after an accepted offer, and cash purchases can close sooner. Your lender, the appraisal and the title company set the actual timeline.

Does Minnetonka require an inspection to sell a home?

We haven't confirmed a city inspection requirement for Minnetonka. Every Minnesota seller still owes the state disclosures (property condition, wells, septic, radon and more), and some counties require a septic inspection. Check with the city before you list.

Why Huerkamp Home Group

Why work with Huerkamp Home Group?

2002Founded by Jason & Brooke Huerkamp
39Agents and staff
5.0Stars from 841 Google reviews
15+Years as a Ramsey ELP

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Jason Huerkamp
Jason HuerkampFounder, Huerkamp Home GroupMN license 20329835(612) 843-962014300 Nicollet Ct, Ste 208, Burnsville, MN 55306

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