Tonka Bay, MN housing market
The typical Tonka Bay home is worth about $1,130,000, up 8.6% in a year, 222% above the Minnesota typical home.
Home values, sales, trends and how Tonka Bay compares with the towns next door — updated as new data is published.
Tonka Bay at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Tonka Bay | Minnesota |
|---|---|---|
| 2017 | $602,000 | $217,000 |
| 2018 | $639,000 | $232,000 |
| 2019 | $681,000 | $246,000 |
| 2020 | $688,000 | $259,000 |
| 2021 | $772,000 | $282,000 |
| 2022 | $905,000 | $313,000 |
| 2023 | $968,000 | $325,000 |
| 2024 | $980,000 | $331,000 |
| 2025 | $1,030,000 | $341,000 |
| 2026 | $1,085,000 | $349,000 |
| August 2026 | $1,130,000 | $351,000 |
Tonka Bay and its neighbors
7.2 years of income
The typical Tonka Bay home costs about 7.2 years of the town's median household income, more than across Minnesota (3.9 years).
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.