7 Factors Rank Minnetonka as one of the Best Cities in Minnesota
Minnetonka, Minnesota is an attractive midwestern city for people of all ages located 10 minutes west of Minneapolis. The city has much to offer for families, singles and seniors—and all within a short distance of the amenities of the Twin Cities metro.
Its proximity to beautiful Lake Minnetonka makes it a preferred locale for all those who love the outdoors and lake activities. Combine that with top-notch schools and safe neighborhoods, and there’s a lot to love in this western suburb.
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First settled along Minnehaha Creek, this Minneapolis suburb has an enviable blend of peaceful nature and bustling city life. With a population of around 55,000 and 2,000 acres of parkland and preserves, residents can enjoy outdoor activities on the miles of trails and dozens of community and neighborhood parks. For a unique approach to a balanced mind and body, the Marsh is a fitness, spa and gathering facility with relaxing views of the marshland.
The city offers a variety of dining choices—one such local favorite is the upscale American bistro, BLVD Kitchen, with its fresh cuisine and lively bar. You’ll also find family fun at the Bunker Indoor Golf Center, Glen Lake Golf, Big Thrill Factory, or iFly Minneapolis for indoor skydiving adventures. Ridgedale Mall serves up shopping, dining and entertainment, and the Mall of America and IKEA are only a short drive for a quick shopping trip or a weekend adventure.
We’ll discuss about things to consider when buying a new house. Each will rank differently in importance for individual buyers, but all points are worth examining.
Statistics show that the cost of living in Minnetonka is about 16% higher than the Minnesota average and 28% higher than the national average—and, to support this, the average household income is well above averages as well. Not surprisingly, homes come with a higher price tag than across the country. When travel is in order, the location proves convenient with the Minneapolis/St. Paul International Airport only 20 minutes away.
Credit scores are the most significant driving factor in deciding what mortgage loan you will be eligible for and what interest rate you will qualify at. It’s crucial that you make sure your credit score is as high as possible before applying for a mortgage loan or any loan for that matter; otherwise, you will be paying for it for many years to come.
With average home values in the $300,000 range, most residents are homeowners and have been enjoying the consistent rise in appreciation. Often, real estate pricing is more than 50% higher than elsewhere in the state. However, one-fourth of the area residents are happy to rent and let someone else manage the upkeep. Average rent is higher than typical for Minnesota, and evidently, well worth it! Minnetonka has often been referred to as a city perfect for recreation, retirement and families.
One of the most important responsibilities for a new homeowner is to make sure your home is properly insured. Unfortunately, this can be complicated. If only it were simple! When you’re considering homeowners insurance, you want to get the right coverage from the ideal provider and at the right price.
4. Safety and Healthcare:
The city has a low crime rate compared with other Minnesota or U.S. cities. Excellent healthcare is readily available at nearby Children’s Hospital, Park Nicollet, Fairview Southdale, North Memorial, Abbott Northwestern or Maple Grove Hospital. North Memorial Health Urgent Center in Minnetonka is open 365 days for urgent care treatment.
In this article, we’ll outline ways to break the process into manageable steps. This will relieve the stress and help ensure that you don’t miss anything. We’ll talk about helpful resources to guide you on your way and give you tips on when to rely on yourself. No one understands your financial goals and lifestyle priorities like you do, so you’ll want to protect them. Let’s take a look.
Minnetonka is a prosperous community that welcomes business, has a growing job market and an unemployment rate of 2.5% which is well below the national average of 3.9%. With major industries in finance, insurance, retail, manufacturing, healthcare and hospitality, some prominent businesses in the area are Cargill, UnitedHealth Group, G&K Services, Carlson Companies, Best Buy, Digi International, Digital River and Opus Group.
Transportation options include Metro Transit routes to Minneapolis, Metro Mobility services for residents with disabilities, and Park and Ride locations to make the commute even easier.
Since buying a single-family home is the largest single purchase made by most people, it’s important to make sure nothing is glossed over. We can’t afford to make assumptions, or we might pay dearly for it later.
Minnetonka residents are well educated, and a high percentage have college degrees. It’s a wonderful place to raise a family with highly rated public schools. The city is served by three school districts—Minnetonka, Wayzata and Hopkins—all with top-ranking educational statistics.
Cities included in the Minnetonka district are Minnetonka, Shorewood, Tonka Bay, Deephaven, Excelsior, Eden Prairie, Chanhassen, Greenwood, Victoria and Woodland. There are also private schools, library systems (Minnetonka Library and Ridgedale Library) and many places of worship.
In this article, I want to help you understand Contract for Deed financing as well as the pros and cons that accompany it. Hopefully, after reading this article, you will have a clear understanding of the process and know if this is the route you want to explore further.
Families enjoy the parks and green space in and around Minnetonka. With an abundance of parks and trails, some favorites are Purgatory Park with its beautiful landscaping and walking paths, as well as Jidana, Civic Center and Big Willow Park where you’ll find views of Minnehaha Creek, connected paths and baseball and soccer fields.
For more lakeside and water sports, there’s Gray’s Bay Public Access and Marina and the 85-acre recreational favorite, Shady Oak Beach. The nearby Libbs Lake Beach Park offers a smaller neighborhood setting, perfect for hiking or biking access.
Winters may be cold but there are several outdoor ice rinks (and more in neighboring Hopkins—and indoor open skating) to provide exercise and on-the-ice fun. Skiing, snowboarding, ice fishing and sledding provide more cold-weather fun. Watch for the Arctic Fever winter festival featuring snow sculptures, sleigh rides, bike races and bonfires.
Buying a home for you and your family is a big deal, and we know it! It’s a huge monetary commitment, and for most people, it’s the largest purchase they’ll ever make. It also creates a very real impact on your lifestyle, sense of stability and level of happiness. You will spend a lot of time in the home and make a lot of memories there. There’s definite pressure to get it right.
To sum up:
Minnetonka is a much-loved western suburb with its combination of recreation, shopping and dining and its exceptional housing and schools. Employment opportunities are transportation options are attractive, and the safe, family-oriented environment welcomes community and solidarity.
If you have enjoyed this article and learned more about the beautiful city of Minnetonka, please share it with a friend who might be interested as well. Thank you!