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ZipNumbers

Minnesota · Census place 43252

Minnetonka city, MN

Quick answer

Minnetonka city has 53,256 residents, ranking #18 of 914 places in Minnesota. Median household income is $120,496, the median home is worth $456,200 and median gross rent runs $1,758 a month.

Population
53,256Minnetonka city residents
Median household income
$120,496Past 12 months, inflation adjusted
Median home value
$456,200Owner-occupied units
Median gross rent
$1,758Rent plus utilities, monthly
Median age
42.8 yrsAll residents
Homeownership rate
72.5%Owner-occupied households

What the numbers mean in Minnetonka city

Housing cost measured against local earnings.

A household earning the Minnetonka city median would spend about 17.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.8% of residents and 72.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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