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Minnetonka city, MN

ZIP 55305 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55305

Median Home Value
$442,200
Median Rent
$1,699
Affordability Snapshot
$122,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,841/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55305 in Minnetonka city, MN, a household would need roughly $122,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,841. That is roughly in line with the local median household income ($106,480). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
58.6%-10% vs US avg
x
Vacancy Rate
5.5%-46% vs US avg
x
Broadband Access
96.2%+11% vs US avg
x
4+ Bedrooms
6.9%-54% vs US avg
x
Built Pre-1939
3.2%-75% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
18.1%-64% vs US avg
x
Mortgage-Free
36.5%-5% vs US avg
x
$442,200
Home Value
$1,699
Rent
1983
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached38.4%
  • 1-unit attached10.3%
  • 2-9 units2.7%
  • 10+ units48.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$442,200
Median rent$1,699
Owner-occupied58.6%
Vacant5.5%
Price-to-income4.2x
Est. income to buy$122,000