Market Overview
Home Prices in Minnetonka Beach, MN
The median home value in Minnetonka Beach, MN is $2,378,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 15.8% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Minnetonka Beach are priced480% above average. Minnetonka Beach is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Minnetonka Beach home values have risen by approximately49.0%, reflecting strong long-term appreciation in this market.
Price History
Minnetonka Beach Home Price Trend
City Comparison
Minnetonka Beach vs. National Median
At $2,378,608, homes in Minnetonka Beach cost 480% above the national median of $410,000. Buyers in Minnetonka Beach should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Minnetonka Beach?
20% Down Payment
$475,722
on $2,378,608
Monthly P&I
$12,405/mo
30-yr @ 6.8%
Total Monthly Est.
~$15,754/mo
incl. taxes & insurance
Income Needed
$630,160
gross annual (30% rule)
10% Down Option
$237,861
+ PMI applies
Loan Amount (20% dn)
$1,902,886
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Minnetonka Beach, MN?
The median home value in Minnetonka Beach is $2,378,608 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 15.8% year-over-year.
How much have home prices changed in Minnetonka Beach?
Over the past year, home values in Minnetonka Beach have increased by 15.8%. Over five years, prices have risen approximately 49.0%.
How much do I need to earn to buy a home in Minnetonka Beach?
To comfortably afford the median home price of $2,378,608 with a 20% down payment ($475,722) at today's rates (6.8%), you'd need a gross annual income of approximately $630,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Minnetonka Beach compare to the national average home price?
The national median home value is approximately $410,000. At $2,378,608, homes in Minnetonka Beach are 480% above the national average.
What metro area is Minnetonka Beach part of?
Minnetonka Beach is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.