Home prices
The median home in Minnetonka is valued at $347,900. Compared to the surrounding areas this is approximately $157,400 (31%) lower.It is roughly $130,400 (59%) higher in comparison to the nation as a whole, and it is approximately $96,300 (38%) higher compared to the city of Minneapolis.
Rents
In Minnetonka the median monthly rent is $1,428. This is approximately $19 (1%) higher compared to its nearby areas.In comparison to the rest of the country it is roughly $366 (34%) higher, and is roughly $401 (39%) higher compared to the city of Minneapolis.
Nearby places
Hopkins
Hopkins is Minnetonka's neighbor to the east. The real estate prices there are a lot less expensive. The median home cost in Hopkins is $227,500, which works out to $120,400 (52%) lower than Minnetonka. Rent there is significantly less expensive. The median rent in Hopkins is $1,032 a month, which is $396 (38%) lower than Minnetonka.
Deephaven
Deephaven is Minnetonka's neighbor to the west. The real estate prices there are significantly more expensive. The median home in Deephaven costs $570,700, which comes out to $222,800 (39%) higher than Minnetonka. Its rents are significantly more expensive. In Deephaven the median monthly rent is $2,219, which is $791 (35%) higher than Minnetonka.
Wayzata
Wayzata is Minnetonka's neighbor to the northwest. Real estate prices there are substantially more expensive. The price of the median home in Wayzata is $523,600, which works out to $175,700 (33%) higher than Minnetonka. Rent there is somewhat less expensive. The median rent in Wayzata is $1,163 a month, which is $265 (22%) lower than Minnetonka.
St. Louis Park
St. Louis Park is Minnetonka's neighbor to the east. Its housing prices are somewhat less expensive. The median home in St. Louis Park costs $271,600, which works out to $76,300 (28%) lower than Minnetonka. Rent there is somewhat less expensive. St. Louis Park's median monthly rent is $1,232, which comes out to $196 (15%) lower than Minnetonka.
Greenwood
Greenwood is approximately 4 miles west of Minnetonka. The real estate prices there are significantly more expensive. The value of the median home in Greenwood is $933,100, which comes out to $585,200 (62%) higher than Minnetonka. Its rents are similar. Greenwood's median monthly rent is $1,400, which comes out to $28 (2%) lower than Minnetonka.
