Housing in Tonka Bay, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$565,000
Median List Price
$535,000
Price Per Sq Ft
$302
Days on Market
31
Active Inventory
4
Months of Supply
2.0
Seller's market
Zillow Home Value
$1,059,022
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
33.3%
Sale-to-List Ratio
96.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$302
Median List $/SF
$236
Tonka Bay vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Tonka Bay 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
$869,900
Median Rent
$2,299
Total Housing Units
619
Vacancy Rate
8.1%
Owner Occupied
86.8%
Renter Occupied
13.2%
Median Property Tax
$9,607
per year
Monthly Cost (w/ Mortgage)
$2,680
Housing Types
The current median sale price in Tonka Bay, MN is $565,000 according to Redfin data. Homes spend a median of 31 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $302. The median rent is $2,299 per month (Census ACS). About 86.8% of housing units are owner-occupied. The median year homes were built is 1980. There are 619 total housing units.