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Minnetonka Minnesota Real Estate By Jennifer Hershey

Minnetonka Minnesota Real Estate

Minnetonka, Minnesota, is located in Hennepin County, of , and 300 miles NW of Milwaukee, Wisconsin. Minnetonka has a population of 51,301.

Minnetonka Homes

Minnetonka properties pool is 21,392 residential properties including Minnetonka new homes. Median age of real estate in Minnetonka is 1976. Average Household size is 2.92 people. 4% are one bedroom homes, 19% are 2 bedroom homes, 40% are 3 bedroom homes, 29% are 4 bedroom homes, and 8% are 5+ bedroom homes.

Minnetonka Mortgage Statistics

Minnetonka mortgages vs. USA median statistics

Homes Minnetonka USA
Homes With No Mortgage 21%
30%
Homes With Mortgage 79%
70%
First Mortgage Only 55%
54%
First & Second Mortgage or HELOC 24%
16%

Minnetonka Area Real Estate Tax

Minnetonka Real estate Tax: Median Real Estate Taxes (2000) were $2,698 comparing to 1999 Median Family income $ 85,437. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Minnetonka School District: Children make up 23.1% of Minnetonka population. Minnetonka has 11,873 under 18 years old residents, or 0.41 kids per one worker, or 0.56 kids per one household.

Minnetonka Real Estate & Minnetonka Homeownership

There are 5775.84 or 27% one person households, 8128.96 or 38% two person households, and 2994.88 or 14% three person households in Minnetonka, Minnesota. Median residents age is 40.8, Senior citizens (65+) make up 7,165 or 14%% of Minnetonka population.

There are 29,066 workers (over 16 years of age) in Minnetonka. Of these, 90.44% drive to work. Approximately 2.61% of workers in Minnetonka take public transportation. An estimated 0.84% walk to work.

Median Minnetonka homeowner's housing expences are 18.2%

Crime in Minnetonka (2003), crimes per 10,000 residents per year

Type of Crime Minnetonka USA, 2003
Violent Crimes
8.19
47.5
Robberies
1.17
14.2
Aggravated Assaults
3.7
29.5
Property Crimes
241.91
358.8
Burglaries
54.58
74.0
Larceny-Thefts
178.75
241.5
Motor Vehicle Thefts
8.58
43.3

Invest in Minnetonka Properties

When making a decision about buying real estate in Minnetonka Minnesota area, you should consider following statistical data:

Category Minnetonka USA
Near Medium City
-
Near Large City
Milwaukee, Wisconsin
-
Minnetonka Zip Codes
55305, 55343, 55345
-
Minnetonka Area Codes
952
-
White population
94.4%
75.1%
African-American population
1.5%
12.3%
Asian
2.29%
3.6%
American Indian & Alaskan
0.2%
0.9%
Hispanic (of any race)
1.28%
12.5%
Median Family Income (1999)
$ 85,437%
$42,000
Population Below Poverty Level
2.6%
12.4%

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