Wayzata, Minnesota.
Typical home $938,281 (+5.7% in a year), asking rent $2,791 . Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$2,594 (+111%) since Jan 2020.
- 1 year
- Up $50,264 +6%
- $888,017$938,281 since Sep 2025
- 5 years
- Up $166,544 +22%
- $771,737$938,281 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.
- Wayzata$4,925
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 18 years.
Typical home values in Wayzata, MN rose 5.7% over the past year — faster than the nation's +1.2%.
Living in Wayzata, Hennepin County, Minnesota
Wayzata is a city of 4,434 people in Hennepin County. Half its households earn more than $131,614 a year and half less, against $97,653 across Hennepin County; 6% of its people live below the poverty line. 59% of its homes are lived in by their owners and 41% 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 people in Hennepin County work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 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 It can be wrong or out of date.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. Wayzata is a small city on the shore of Lake Minnetonka, west of Minneapolis. Household incomes run well above the county's, and a smaller share of residents live below the poverty line than you might expect. Most homes are lived in by their owners, typical home values are high, and a large majority of adults hold a four-year degree. Winters are cold and snowy, and July brings warm days, with a fair amount of rain and melted snow through the year.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, manufacturing and retail. Among the largest workplaces in Wayzata are Presbyterian Homes & Services, Park Nicollet Clinic Wayzata and West Middle School. Across Hennepin County, unemployment is somewhat higher than a year ago and the number of jobs has been close to flat. The typical commute is fairly short.
Things to do. Lake Minnetonka is a short drive away and is the closest of the well-known places nearby. A longer drive brings you to the Minneapolis Institute of Art and the Walker Art Center, both among the area's best-known museums. Target Field, the ballpark in downtown Minneapolis, is also a longer drive away.
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- 2,064households
- 73%of adults have a degree
- 6%below the poverty line
- 18 mintypical commute
What people in Hennepin County 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 24° and lows near 7°; warmest in July, with highs near 82° and lows near 63°. About 54 inches of snow and 35 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the New Hope weather station, 7 miles away (NOAA).
Largest workplaces in Wayzata
- Presbyterian Homes & Services191
- City of WayzataCity and town managers' offices179
- Elevate Property ManagementProperty managing, residential real estate117
- HealthPartners, Inc.Offices of physicians104
- West Middle SchoolElementary and secondary schools92
- Fairview Health Services39
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 6 workplaces with 20 or more staff, 722 people in all. 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
- TornadoesRelatively high
- Heat wavesRelatively 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 Wayzata’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.
Wayzata home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Wayzata$938,281
- 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.
Sellers are cutting prices on about 1 in 5 Wayzata listings — the market is roughly in balance.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Wayzata19.02%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Wayzata73
New listings per month
Sellers arriving at the market.
- Wayzata22
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Wayzata address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Wayzata — 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.