Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Minnetonka, MN

Comprehensive demographics, housing data, local amenities, and economic statistics for Minnetonka.

← Back to Minnetonka Hub

Community Insights

Highly Educated
37% bachelor's · 17% graduate
top 2% nationally
High Incomes
$131k/year
top 6% nationally
Leading Industries
Arts, Food & Hospitality · Healthcare · Transportation
14% arts, food & hospitality
Home Value Growth
+7.0% over 2 years
Retirees
24% of residents
slightly above average
Homeowners
72% of occupied units

People & Demographics

Total Population53,064
Households
Under 18
21.0%
Age 18–34
23.0%
Age 35–64
32.0%
Age 65+
24.0%
Veterans
5.0%
Active Duty
0.0%

Housing & Living

Median Home Value$476,347
Median Gross Rent$1,753/mo
Owner Occupied
71.6%
Renter Occupied
28.4%
Detached Homes
Built Pre-1940

Economy & Income

Median Household Income$130,878
Poverty Rate

Key Industries

Healthcare17.0%
Professional Services1.0%
Manufacturing0.0%
Retail12.0%
Education2.0%

Amenities & Transit

Transit Score72 / 100
Walkability / Amenities75 / 100
Commute < 15m
Commute 60m+

Education

High School Grad
Bachelor's Degree
37.0%
Master's or Higher
17.0%
School Enrollment

Frequently Asked Questions

What is the population and demographic makeup of Minnetonka?

The total population of Minnetonka is approximately 53,064. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Minnetonka walkable and transit-friendly?

Based on local geographic data, Minnetonka has an amenity and walkability score of 75/100 and a transit score of 72/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Minnetonka?

The housing market in Minnetonka is predominantly driven by homeowners, with 72% of housing units being owner-occupied and 28% being renter-occupied.

What is the education level of residents in Minnetonka?

In Minnetonka, approximately 37% of adult residents hold a bachelor's degree or higher. Additionally, 17% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.