Minnetonka, MN housing market
The typical Minnetonka home is worth about $485,000, up 3% in a year, 38% above the Minnesota typical home. Homes typically sell in 15 days, close to asking.
Home values, sales, trends and how Minnetonka compares with the towns next door — updated as new data is published.
Minnetonka at a glance
A seller's market
Supply is tight — about 2.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Minnetonka | Minnesota |
|---|---|---|
| 2017 | $312,000 | $217,000 |
| 2018 | $333,000 | $232,000 |
| 2019 | $351,000 | $246,000 |
| 2020 | $364,000 | $259,000 |
| 2021 | $388,000 | $282,000 |
| 2022 | $424,000 | $313,000 |
| 2023 | $444,000 | $325,000 |
| 2024 | $455,000 | $331,000 |
| 2025 | $468,000 | $341,000 |
| 2026 | $480,000 | $349,000 |
| August 2026 | $485,000 | $351,000 |
Minnetonka and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Minnetonka | $485K | +3% | 15 | $119,517 |
| Hopkins | $332K | +2.4% | 16 | $75,234 |
| Wayzata | $945K | +5.7% | 63 | $131,614 |
| Eden Prairie | $502K | +2.7% | 18 | $130,489 |
| Deephaven | $1.08M | +3.4% | — | $197,679 |
| St. Louis Park | $380K | +0.7% | 15 | $101,648 |
| Plymouth | $510K | +1.9% | 22 | $136,534 |
4.1 years of income
The typical Minnetonka home costs about 4.1 years of the town's median household income, about the same as across Minnesota (3.9).
How Minnetonka ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.