HomeMinnesotaHennepin CountyWayzata city
Wayzata city, Minnesota: commercial real estate data.
Wayzata city is a Census city of 4,354 people across 3.09 square miles of land, in Hennepin County. Median household income is $131,614, 59.1 percent of occupied homes are owned, and the SBA record carries 49 7(a) approvals to borrowers here worth $16.0 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Wayzata
What Wayzata is
- Census place typecity
- Land area3.09 sq mi
- Water area1.6 sq mi
- Population per square mile of land1,409
- 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.
Wayzata
How many people live in Wayzata
- Population4,354
- Median age55.7
- Population under 18823 plus or minus 248
- Share under 1818.9 percent plus or minus 5.7
- Population 65 and over1,551 plus or minus 310
- Share 65 and over35.6 percent plus or minus 7.1
- Households2,064
- Family households1,290
- Share of households that are families62.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wayzata
Income and work in Wayzata
- Median household income$131,614
- Per capita income$116,577
- Civilian labor force1,942
- Employed1,909
- Unemployed33 plus or minus 43
- Unemployment rate1.7 percent plus or minus 2.2
- Adults 25 and over3,322
- Adults 25 and over with a high school diploma or higher98.5 percent
- Adults 25 and over with a bachelor degree or higher72.7 percent
- Adults 25 and over with a graduate degree26.2 percent plus or minus 7.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wayzata
Housing in Wayzata
- Housing units2,355
- Occupied units2,064
- Vacant units291 plus or minus 149
- Vacancy rate12.4 percent plus or minus 6.2
- Owner occupied1,219
- Renter occupied845 plus or minus 188
- Ownership rate59.1 percent
- Median owner-occupied home value$1,153,400
- Median gross rent, monthly$1,782
- Annual rent as a share of median income16.2 percent
- Single family units1,132
- Share single family48.1 percent
- Units in buildings of two or more1,223 plus or minus 245
- Share in buildings of two or more51.9 percent
- Mobile homes0
- Median year structure built1988
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wayzata
How Wayzata gets to work
- Workers 16 and over who commute1,198 plus or minus 295
- Commuting under 15 minutes374 plus or minus 196
- Share commuting under 15 minutes31.2 percent plus or minus 14.5
- Commuting 30 minutes or more169 plus or minus 98
- Share commuting 30 minutes or more14.1 percent plus or minus 7.4
- Drove alone62.5 percent plus or minus 12.6
- Carpooled2.5 percent plus or minus 2.9
- Public transport0.0 percent
- Walked3.0 percent plus or minus 3.0
- Worked from home32.0 percent plus or minus 9.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wayzata
SBA loans in Wayzata (7(a))
- Approvals49
- Gross approval$15,964,900
- Average approval$325,814
- Median approval$90,000
- Ninetieth percentile approval$885,600
- Largest approval$2,705,000
- Jobs supported489
- Jobs per approval10.0
- Loans with a final outcome9
- Paid in full8
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more2.0 percent
- Share to franchises12.2 percent
- Distinct lenders26
- Distinct industries by NAICS38
A charge-off rate is not published here. only 9 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wayzata
SBA loans in Wayzata (504)
- Approvals6
- Gross approval$4,262,000
- Average approval$710,333
- Median approval$619,000
- Largest approval$1,500,000
- Jobs supported109
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hennepin County, not Wayzata
Hennepin County context, not Wayzata 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 Wayzata 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 Wayzata. 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
Wayzata questions, answered from the record.
How many people live in Wayzata, Minnesota?
4,354, in 2,064 households. Wayzata city covers 3.09 square miles of land, which is 1,409 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wayzata 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 Wayzata?
$131,614. The median owner-occupied home is valued at $1,153,400. Median gross rent is $1,782 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wayzata businesses?
49 7(a) approvals totalling $16.0 m, across 26 lenders, median approval $90,000, plus 6 504 approvals worth $4.3 m. These count approvals to borrowers whose address is in Wayzata, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wayzata borrowers get paid back?
No rate is published for Wayzata. only 9 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Wayzata 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 Wayzata.
Is zoning published for Wayzata?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.