Housing in Minnetonka, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$472,250
Median List Price
$525,000
Price Per Sq Ft
$218
Days on Market
51
Active Inventory
95
Months of Supply
3.4
Seller's market
Zillow Home Value
$463,727
ZHVI — January 2026
Zillow Rent Index
$1,808
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
25.0%
Off Market in 2 Weeks
21.9%
Sale-to-List Ratio
96.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
28
New Listings
31
Pending Sales
41
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$218
Median List $/SF
$254
Minnetonka vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Minnetonka is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$456,200
Median Rent
$1,758
Total Housing Units
24,595
Vacancy Rate
5.1%
Owner Occupied
72.5%
Renter Occupied
27.5%
Median Property Tax
$5,066
per year
Monthly Cost (w/ Mortgage)
$1,916
Housing Types
The current median sale price in Minnetonka, MN is $472,250 according to Redfin data. Homes spend a median of 51 days on the market. 25.0% of homes sold above asking price. The market has 3.4 months of supply. The median price per square foot is $218. Zillow's observed rent index is $1,808/month. About 72.5% of housing units are owner-occupied. The median year homes were built is 1980. There are 24,595 total housing units.