HomeMinnesotaHennepin CountyMinnetonka city
Minnetonka city, Minnesota: commercial real estate data.
Minnetonka city is a Census city of 53,064 people across 26.93 square miles of land, in Hennepin County. Median household income is $119,517, 71.6 percent of occupied homes are owned, and the SBA record carries 92 7(a) approvals to borrowers here worth $36.8 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Minnetonka
What Minnetonka is
- Census place typecity
- Land area26.93 sq mi
- Water area1.03 sq mi
- Population per square mile of land1,971
- County holding the largest share of its areaHennepin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minnetonka
How many people live in Minnetonka
- Population53,064
- Median age42.9
- Population under 1811,328
- Share under 1821.3 percent
- Population 65 and over12,084
- Share 65 and over22.8 percent
- Households23,515
- Family households14,214
- Share of households that are families60.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minnetonka
Income and work in Minnetonka
- Median household income$119,517
- Per capita income$75,502
- Civilian labor force29,548
- Employed28,664
- Unemployed884 plus or minus 230
- Unemployment rate3.0 percent plus or minus 0.8
- Adults 25 and over39,412
- Adults 25 and over with a high school diploma or higher98.3 percent
- Adults 25 and over with a bachelor degree or higher65.0 percent
- Adults 25 and over with a graduate degree25.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minnetonka
Housing in Minnetonka
- Housing units24,760
- Occupied units23,515
- Vacant units1,245 plus or minus 268
- Vacancy rate5.0 percent plus or minus 1.1
- Owner occupied16,834
- Renter occupied6,681
- Ownership rate71.6 percent
- Median owner-occupied home value$475,800
- Median gross rent, monthly$1,779
- Annual rent as a share of median income17.9 percent
- Single family units15,915
- Share single family64.3 percent
- Units in buildings of two or more8,831
- Share in buildings of two or more35.7 percent
- Mobile homes14 plus or minus 19
- Median year structure built1981
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minnetonka
How Minnetonka gets to work
- Workers 16 and over who commute20,541
- Commuting under 15 minutes6,301
- Share commuting under 15 minutes30.7 percent
- Commuting 30 minutes or more3,995
- Share commuting 30 minutes or more19.4 percent
- Drove alone65.1 percent
- Carpooled4.2 percent plus or minus 1.0
- Public transport0.5 percent plus or minus 0.3
- Walked1.2 percent plus or minus 0.5
- Worked from home27.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minnetonka
SBA loans in Minnetonka (7(a))
- Approvals92
- Gross approval$36,839,300
- Average approval$400,427
- Median approval$188,000
- Ninetieth percentile approval$1,200,000
- Largest approval$3,015,000
- Jobs supported981
- Jobs per approval10.7
- Loans with a final outcome21
- Paid in full17
- Charged off4
- Charge-off rate over resolved loans19.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more3.3 percent
- Share to franchises23.9 percent
- Distinct lenders36
- Distinct industries by NAICS59
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Minnetonka
SBA loans in Minnetonka (504)
- Approvals36
- Gross approval$25,211,000
- Average approval$700,306
- Median approval$598,000
- Largest approval$1,803,000
- Jobs supported422
- Loans with a final outcome16
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term240 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hennepin County, not Minnetonka
Hennepin County context, not Minnetonka figures
These are Hennepin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Minnetonka measurements.
- Establishments in Hennepin County40,486
- Employment at those establishments, Hennepin County939,201
- Covered employment, Hennepin County917,117
- Average annual pay, Hennepin County$90,157
- Average weekly wage, Hennepin County$1,734
- Housing units permitted, Hennepin County3,919
- Of those, single family, Hennepin County2,054
- County product, 2024, Hennepin County$193,617,316,000
- County product change over the prior year, Hennepin County5.1 percent
- Average income of an arriving household, Hennepin County$77,501
Every figure in this section is published for Hennepin County as a whole and is not a measurement of Minnetonka. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Minnetonka questions, answered from the record.
How many people live in Minnetonka, Minnesota?
53,064, in 23,515 households. Minnetonka city covers 26.93 square miles of land, which is 1,971 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Minnetonka in?
Hennepin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Minnetonka?
$119,517. The median owner-occupied home is valued at $475,800. Median gross rent is $1,779 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Minnetonka businesses?
92 7(a) approvals totalling $36.8 m, across 36 lenders, median approval $188,000, plus 36 504 approvals worth $25.2 m. These count approvals to borrowers whose address is in Minnetonka, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Minnetonka borrowers get paid back?
Of the 21 loans that have reached a final outcome, 17 were paid in full and 4 charged off, a charge off rate of 19.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Minnetonka figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hennepin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Minnetonka.
Is zoning published for Minnetonka?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.