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Minnetonka city, MN

ZIP 55345 — 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 55345

Median Home Value
$478,800
Median Rent
$1,386
Affordability Snapshot
$132,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,076/mo PITI).

12%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

28.8 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 55345 in Minnetonka city, MN, a household would need roughly $132,000 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 $3,076. That is roughly in line with the local median household income ($143,287). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
86.3%+32% vs US avg
x
Vacancy Rate
4.5%-56% vs US avg
x
Broadband Access
93.9%+8% vs US avg
x
4+ Bedrooms
15.0%+1% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
1.4%-79% vs US avg
x
Rent Burden >30%
38.9%-22% vs US avg
x
Mortgage-Free
29.2%-24% vs US avg
x
$478,800
Home Value
$1,386
Rent
1972
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached77.2%
  • 1-unit attached8.0%
  • 2-9 units1.1%
  • 10+ units13.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$478,800
Median rent$1,386
Owner-occupied86.3%
Vacant4.5%
Price-to-income3.3x
Est. income to buy$132,000