The story of this market
The typical home in ZIP 55305 sells for about $425,874, or $229 per square foot.
Prices are down 18.9% from a year ago, which gives buyers more room to negotiate. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,799 a month.
ZIP 55305 — Minnetonka
The 55305 housing market is currently experiencing a significant price correction with a 18.9% year-over-year decline in median sale price to $426,000. Despite the price drop, market activity remains competitive with 74 homes sold in May 2026, reflecting a 25.6% increase in sales volume compared to the previous year. Many specific metrics such as rent, inventory, and tax rates are not currently published at the ZIP level.
Median prices moved down 18.9% year over year.
Homes spend a median of 23 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 6.3% — a stable, low-distress profile.
ZCTA 55305
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
not determinable
- Mall of America®4.611.7 mi
- Valleyfair4.211.2 mi
- Great Wolf Lodge | Minnesota3.911.1 mi
- Nickelodeon Universe4.511.7 mi
- Slick City Action Park4.59.3 mi
- U.S. Bank Stadium4.68.5 mi
- Grand Casino Arena4.616.1 mi
- Minneapolis Convention Center4.57.7 mi
- Minnesota State Fair4.712.8 mi
- Topgolf Brooklyn Center4.310.5 mi
- Mall of America®4.611.7 mi
- U.S. Bank Stadium4.68.5 mi
- Valleyfair4.211.2 mi
- Minneapolis Institute of Art4.87.7 mi
- Great Wolf Lodge | Minnesota3.911.1 mi
- Minneapolis Institute of Art4.87.7 mi
- Science Museum of Minnesota4.616.3 mi
- University of Minnesota Landscape Arboretum4.811.2 mi
- Union Depot4.516.8 mi
- Walker Art Center4.57 mi
- University of Minnesota Landscape Arboretum4.811.2 mi
- Minneapolis Sculpture Garden4.76.9 mi
- Centennial Lakes Park4.78.1 mi
- Lake Harriet Regional Park4.86.4 mi
- Elm Creek Park Reserve4.712.4 mi
- Wayzata Yacht Club4.83.5 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.77.5 mi
- Your Boat Club Lake Minnetonka Brown's Bay4.86.2 mi
- PropMD4.93.5 mi
- River Valley Marine of Lake Minnetonka4.36.3 mi
- Topgolf Brooklyn Center4.310.5 mi
- Edinburgh USA4.411.8 mi
- The Minikahda Club4.45.4 mi
- Puttery4.78 mi
- Braemar Golf Course4.46.7 mi
- Mall of America®4.611.7 mi
- Ridgedale Center4.40.8 mi
- Karmel Mall4.17.3 mi
- Asia Mall4.36.6 mi
- Southdale Center4.27.4 mi
- Minneapolis-Saint Paul International Airport4.411.7 mi
- Shoyu3.711.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).