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ZipNumbers

Minnesota · Census place 68818

Wayzata city, MN

Quick answer

Wayzata city has 4,363 residents, ranking #167 of 914 places in Minnesota. Median household income is $125,344, the median home is worth $1,047,400 and median gross rent runs $1,507 a month.

Population
4,363Wayzata city residents
Median household income
$125,344Past 12 months, inflation adjusted
Median home value
$1,047,400Owner-occupied units
Median gross rent
$1,507Rent plus utilities, monthly
Median age
58.5 yrsAll residents
Homeownership rate
60.3%Owner-occupied households

What the numbers mean in Wayzata city

Housing cost measured against local earnings.

A household earning the Wayzata city median would spend about 14.4% 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 8.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.3% of residents and 60.3% 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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