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Wayzata

Learn about the people, housing, costs and businesses in Wayzata, Minnesota

Median Home$1,153,400
Median Rent$1,782/month
Population4,354
Leading IndustriesTransportation · Healthcare · Arts, Food & Hospitality10% transportation
Home Value Growth+7.9% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners59% of occupied units
NotableHighly Educated46% bachelor's · 14% graduate · top 1% nationally
NotableTransit93/100 · excellent transit access
Wayzata
MN

Frequently Asked Questions

What are today's mortgage rates in Wayzata?

As of today, the 30-year fixed mortgage rate for Wayzata is approximately 6.793% (6.825% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wayzata?

The median home value in Wayzata is $1.2M. The median monthly rent is $1,782. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wayzata?

Home values in Wayzata have increased 7.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wayzata?

Based on a typical all-in ownership cost of $2,398/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $103k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wayzata is $132k/year.

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What industries drive the economy in Wayzata?

The largest employment sectors in Wayzata are healthcare (22%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.