Excelsior, Minnesota.
Typical home $806,971 (+0.3% in a year), asking rent $4,219 . Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$2,050 (+94%) since Jan 2020.
- 1 year
- Up $2,660 +0%
- $804,311$806,971 since Sep 2025
- 5 years
- Up $82,128 +11%
- $724,843$806,971 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Excelsior$4,236
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 32 years.
Typical home values in Excelsior, MN rose 0.3% over the past year — slower than the nation's +1.2%.
Living in Excelsior, Hennepin County, Minnesota
Excelsior is a city of 2,355 people in Hennepin County. 48% of its homes are lived in by their owners and 52% are rented. Unemployment in Hennepin County was 4.6% in August 2026, and the county had 0.2% more jobs in 2025 than the year before. The most residents work in manufacturing, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Excelsior is a small city on the shore of Lake Minnetonka, in Hennepin County. Renters make up a larger part of the town than in many places, and typical home values and rents are both high. Winters are cold and snowy, and summers are warm.
Work. Residents work in manufacturing, professional and business services, schools, hospitals and social care, and retail. Across Hennepin County, some of the largest employers are the University of Minnesota-Twin Cities, Hennepin County itself, and Target. Unemployment across the county has risen a little over the past year, and the number of jobs there has barely changed. A good many residents work from home, and the typical commute is a moderate one.
Things to do. Lake Minnetonka is in or beside town, and the shoreline is the natural place to spend a warm afternoon. A longer drive takes you to the Minneapolis Institute of Art, a museum, and to Saint Anthony Falls, a waterfall on the Mississippi River. Target Field, a stadium, is also a longer drive away.
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- 1,272households
- 10%below the poverty line
- 28 mintypical commute
- 23%work from home
What residents work in
Employed residents by industry, from the Census survey. Hennepin County had 919,062 jobs in 2025, 0.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 6°; warmest in July, with highs near 81° and lows near 62°. About 55 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chanhassen Wsfo weather station, 4 miles away (NOAA).
Largest workplaces in Hennepin County
- University of Minnesota-Twin CitiesUniversity or college19,735
- Hennepin CountyGeneral government9,367
- TargetDiscount department stores8,437
- Delta Air Lines - MSPScheduled air transportation6,332
- Boston ScientificCatheters manufacturing5,837
- University of Minnesota Medical CTRGeneral hospital5,810FTE
- Hennepin County Medical CenterGeneral hospital5,644FTE
- Target Northern CampusDiscount department stores5,280
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2,069 workplaces with 20 or more staff, 394,099 people in all across the county; Excelsior has one of its own. Colleges come from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailRelatively high
- Cold wavesRelatively high
- Heat wavesRelatively high
- TornadoesRelatively high
- Strong windRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Excelsior’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Hennepin County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Excelsior home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Excelsior$806,971
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Excelsior10
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Excelsior address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Excelsior — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.