Minnetonka, MN has a population of 52,102, while the median age is 45. The household income in Minnetonka, MN is around $86,672. The homeownership rate among the residents is 69%. The median residential property value in Minnetonka, MN that you should keep in mind is $315,800.
Population | 52,102 |
Median Age | 44.8 |
Poverty Rate | 5% |
Household Income | $86,672 |
Number Of Employees | 28,604 |
Median Property Value | $315,800 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,365 | -1.9% |
1-bed apartments | $1,664 | -8.6% |
2-bed apartments | $2,187 | -2.4% |
3-bed apartments | $2,239 | -82.1% |
4+ bed apartments | $6,550 | -64.8% |
Over the May 2023, the average rent for an apartment in/near Minnetonka, MN decreased by 58.9% to $2,136.
Compared to the last month, the average price for a rental studio in Minnetonka, MN has decreased by 1.9%. You can expect to rent the studio for $1,365 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 8.6% to $1,664. Pricing for 2-bed apartment also decreased by 2.4% and a place of this size will now cost you $2,187. 3-bed apartment rent pricing starts at $2,239, it decreased by 82.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 64.8% and made it down to $6,550.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $4,366 | -69.2% |
Apartments for rent | $1,824 | -17.1% |
Townhouses for rent | $2,200 | N/A |
Duplexes for rent | $2,395 | N/A |
The median rent for an apartment in Minnetonka, MN decreased by 17.1% to $1,824. Statistics show that house rent price decreased by 69.2% this month making it up to $4,366. An average duplex is now available for $2,395, cause median rent for a duplex remains the same this month. Townhouse rent pricing didn’t change, the price still starts at $2,200.