The story of this market
The typical home in Orono, Minnesota sells for about $1,329,314, or $388 per square foot.
Prices are down 5% from a year ago, which gives buyers more room to negotiate. Homes take about 39 days to sell.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Orono, Minnesota
Orono's housing market is currently balanced, with high-end single-family homes dominating the inventory. Prices have seen a slight year-over-year decline, reflecting broader market adjustments while maintaining a premium valuation due to the city's lakefront appeal and school quality.
No ARED county foreclosure postings attributed to Orono yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.5% year over year.
Homes spend a median of 62 days on market with 3.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 6.2% — a stable, low-distress profile.
- Mall of America®4.619.5 mi
- Valleyfair4.214.2 mi
- Great Wolf Lodge | Minnesota3.918.9 mi
- Nickelodeon Universe4.519.5 mi
- Slick City Action Park4.512.3 mi
- U.S. Bank Stadium4.617 mi
- Minneapolis Convention Center4.516.2 mi
- Minnesota State Fair4.721.2 mi
- Topgolf Brooklyn Center4.316.9 mi
- Canterbury Park4.513.8 mi
- Valleyfair4.214.2 mi
- Canterbury Park4.513.8 mi
- University of Minnesota Landscape Arboretum4.87.6 mi
- AMC Southdale 163.915 mi
- Emagine Willow Creek4.69.7 mi
- Minneapolis Institute of Art4.816.2 mi
- University of Minnesota Landscape Arboretum4.87.6 mi
- Walker Art Center4.515.4 mi
- Historic Stone Arch Bridge4.817.2 mi
- Paisley Park4.87.9 mi
- University of Minnesota Landscape Arboretum4.87.6 mi
- Minneapolis Sculpture Garden4.715.4 mi
- Centennial Lakes Park4.715.4 mi
- Lake Harriet Regional Park4.814.8 mi
- Elm Creek Park Reserve4.714.1 mi
- Wayzata Yacht Club4.85 mi
- Howard's Point Marina4.64.7 mi
- Metro Lakes Marina & Rentals LLC.4.53.1 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.75 mi
- Your Boat Club Lake Minnetonka Brown's Bay4.82.3 mi
- The Minikahda Club4.414 mi
- Braemar Golf Course4.413 mi
- Rush Creek Golf Club4.69.7 mi
- Brookview Golf Course and Lawn Bowling4.210.7 mi
- Baker National Golf Course4.44.1 mi
- Ridgedale Center4.48.2 mi
- Karmel Mall4.115.8 mi
- Asia Mall4.311.2 mi
- Southdale Center4.215 mi
- Minneapolis-Saint Paul International Airport4.420 mi
- Shoyu3.720.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A premier regional destination offering extensive boating, fishing, and recreational opportunities that define the city's lifestyle and property value.
A large regional park offering trails, camping, and nature access that serves as a major amenity for residents.
Orono is primarily suited for affluent family buyers and those seeking a luxury, lake-oriented lifestyle, offering privacy and high-quality schools while remaining within reach of the Twin Cities employment core.
Orono is served by highly regarded public school districts, including the Orono School District and Westonka School District, which are known for strong academic performance and community support.
The city is primarily car-dependent, relying on regional highway corridors for access to the broader Twin Cities metro area.
Orono offers extensive recreational access to Lake Minnetonka, including boating, fishing, and shoreline parks, alongside local greenbelts and nature preserves.
The rental market in Orono is limited, characterized by high-end single-family home rentals rather than multi-family density, with low vacancy pressure due to the city's exclusive residential nature.
Orono's economy is primarily residential and service-oriented, with residents largely commuting to major employment hubs in the Minneapolis-St. Paul metro area.
Orono maintains a stable, high-end residential character with limited commercial development, focusing on preserving its natural landscape and lakefront appeal.
Development is strictly managed to preserve the city's low-density, high-end residential character, with minimal large-scale commercial projects.
Parcels in Orono are subject to Hennepin County property tax levies and the specific school district taxes for the Orono or Westonka districts.
The city's proximity to Lake Minnetonka necessitates awareness of flood-plain management and shoreline preservation, though specific local insurance-climate data is not determinable.
Property taxes in Orono are determined by the Hennepin County assessment process and local municipal levies; specific effective rates are not determinable without parcel-level tax roll analysis.
ACS 2024 5-year estimates. Aggregate published statistics for this city — never individual records, and never an attribute of any individual property or resident.
Data sourced from Census Reporter and Point2Homes.