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Minnetonka Beach, MN Real Estate


According to census data in the year 2000 there were 229 housing units in Minnetonka Beach. This represents a 4.1% growth from 220 in 1990.

Of those housing units, 229 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Minnetonka Beach is about 90%. Minnetonka Beach's vacancy rate, including seasonal lodging, is about 4.4%. Average household size is 2.85 people.

The majority of houses, apartments or condos in Minnetonka Beach were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.10%
Two Bedrooms6.10%
Three Bedrooms27.50%
Four Bedrooms38.90%
Five Bedrooms or more24.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.99
Median year structure was built1959
Median Value of occupied units$583,300
Median Price asked for vacant units$875,000

Rented Homes, Apartments and Condos

Average Household Size1.64
Median year structure was built1944

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage14.40%
Home Equity Loan23.70%
Simple Mortgage41.80%
Debt Free19.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%