Statistics

Located in Hennepin County just eight miles west of Minneapolis, Minnetonka is a fully developed suburban community of 51,480 residents (2004 Met Council estimate), making it the 14th largest city in Minnesota. Here are some more facts about Minnetonka:

Number of Households (2004)
21,412
Median Household Income (2003 est.)
$94,661
Median Home Sales Price (2002)
$297,000
Median Home Value (2004)
$267,300
Average Annual Property Tax (2004)
$3,243
Average Monthly Rent (2003 est.)
$1,074

Census Facts

In Minnetonka…

  • The population is 51,301
  • There are 21,393 households
  • The average household size is 2.37 persons
  • 75.7% of the housing units in Minnetonka are owner-occupied and 24.3% are rental units
  • The median home sales price in Minnetonka in 2002 was $278,000. In 1992 it was $140,000. An increase of $138,000 and a 99% change
  • 24% of Minnetonka residents work in Minnetonka
  • The median family income in 2000 was $85,437
  • Over 24% of the population in Minnetonka is age 55 and older

Other statistics

For more statistical information about Minnetonka, please visit any of the following: