ZIP Code 55343 — Minnetonka city, MN Demographics & Data

ZIP code 55343 covers Minnetonka, MN in Hennepin County with a population of about 26,482.

At a glance, the area shows median age of 39.0 (near the U.S. median).

It sits in telephone area code 952; U.S. House district MN-3; the MINNEAPOLIS - ST. PAUL media market.

Minnetonka, MN sits in a university / college context (near adler graduate school (1.5 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 55343 is about $82,415 — about 10% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 8.9%; unemployment rate near 4.4%; 51.7% of adults with a bachelor’s degree or higher (about 18.0 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Professional services; about 20.7% of workers reporting work-from-home (about 5.5 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $350,700 — about even with the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,312 (about 13% above the U.S. median rent ($1,163)), and owner-occupancy near 46.6% (about 18.8 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55343 in Minnetonka, MN, a household would need roughly $97,000 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 $2,253. That is about 18% above the local median household income ($82,415), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Minnetonka city, MN as Relatively High (composite score 98.3), which is among the highest nationally. The strongest component scores on US5 are flood (98.0) and wildfire (74.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Minnetonka city, MN show little to no average snow and around 30.6 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,880 for ZIP 55343 (Minnetonka city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.