Real Estate
5 Most Expensive Places In MN: How Much It Costs
Homes in these Minnesota communities cost several hundred thousand dollars above the national average.
![Where are the five most expensive places to live in Minnesota? It turns out they're all located in the western suburbs of the Twin Cities metro.](https://patch.com/img/cdn20/users/22887410/20240723/053202/styles/patch_image/public/yettareid-west-virginia-affluent-houseshutterstock-1014465985-1___23172722661.jpg)
TWIN CITIES, MN — Where are the five most expensive places to live in Minnesota? It turns out they're all located in the western suburbs of the Twin Cities metro.
According to a 2024 report from Niche, the most expensive place to look for a house right now is Wayzata, where the median home value is $935,500.
Meanwhile, it costs $2,204 a month to rent an apartment in Tonka Bay.
Find out what's happening in Minnetonkawith free, real-time updates from Patch.
Keep in mind that the current national average for home value is $281,900. The national average for rent is $1,268.
These are the five of the most expensive places to live in Minnesota in 2024:
Find out what's happening in Minnetonkawith free, real-time updates from Patch.
Wayzata
- Population: 4,365
- Median Home Value: $935,500
- Median Rent: $1,523
Orono
- Population: 8,223
- Median Home Value: $874,500
- Median Rent: $1,638
Tonka Bay
- Population: 1,462
- Median Home Value: $820,800
- Median Rent: $2,204
Deephaven
- Population: 3,852
- Median Home Value: $791,700
- Median Rent: $2,121
Excelsior
- Population: 18,752
- Median Home Value: $739,600
- Median Rent: $1,102
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