The 4 Minnesota Cities Where Home Prices Average $1 Million
If you live in one of these four Minnesota cities, congratulations-- you're a millionaire!
Well, maybe YOU aren't necessarily a millionaire, but if you live in one of these four Minnesota cities, your house is probably a millionaire... because according to Zillow, for the first time, average home prices in these four cities top one million dollars.
Yeah, that's pretty expensive, isn't it? I mean, if you watch any of those real estate shows on HGTV like House Hunters (which my wife and I do ALL. THE. TIME.) you routinely see couples have a budget of over a million dollars (which seems like they're inflating things a bit, if you ask me) but here in Minnesota it's not as common.
But if you live in one of these four places, home prices have hit that magical six-figure mark. BringMeTheNews looked into just which neighborhoods had an average home price of north of a million dollars and found that (if you're like me) you'll probably need a side hustle to afford a home in these four cities here in the Land of 10,000 Lakes, all of which are in the Twin Cities metro area:
According to Zillow, Minnetonka Beach, on Lake Minnetonka, has an average home price is $1,440,694.00, up 7.6% from 2019. Then there's the Greenwood neighborhood, also on Lake Minnetonka, where the average home price $1,157,259.00, up 7.2% from 2019. Or, the Woodland neighborhood, also on Lake Minnetonka, near Wayzata, where the average price is $1,092,931.00, up 3% from 2019. And, finally, there's tiny Sunfish Lake, between I-494 and Minnesota Highway-62 near Mendota Heights, where the average home price is now $1,014,156.00, up 4.2% from 2019.