{
  "schema_version": "1.0",
  "submarket": {
    "slug": "minnetonka-wayzata-mn",
    "name": "Minnetonka / Wayzata",
    "state": "MN",
    "city": "MINNETONKA",
    "cbsa": "Minneapolis-St. Paul-Bloomington",
    "zip_codes": [
      "55305",
      "55345",
      "55391"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:53:15.263Z",
    "last_updated_at": "2026-06-02T13:46:09.444Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1338,
        "low": 1284,
        "high": 1391,
        "mom_pct": -4.389056603773584,
        "yoy_pct": -4.003144654088051
      },
      "2br": {
        "median": 1799,
        "low": 1709,
        "high": 1889,
        "mom_pct": -0.8976129032258064,
        "yoy_pct": 5.602774193548386
      },
      "3br": {
        "median": 2435,
        "low": 2321,
        "high": 2550,
        "mom_pct": -2.0429166666666667,
        "yoy_pct": 3.137916666666667
      },
      "4br": {
        "median": 2896,
        "low": 2841,
        "high": 2983,
        "mom_pct": 0.06999999999999998,
        "yoy_pct": 2.8033333333333332
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1524,
        "low": 1475,
        "high": 1572,
        "mom_pct": -0.39307692307692316,
        "yoy_pct": 3.8661538461538467
      },
      "2br": {
        "median": 1979,
        "low": 1910,
        "high": 2049,
        "mom_pct": 3.3753846153846156,
        "yoy_pct": 7.276153846153846
      },
      "3br": {
        "median": 2548,
        "low": 2472,
        "high": 2624,
        "mom_pct": -2.7423076923076923,
        "yoy_pct": -0.1453846153846157
      },
      "4br": {
        "median": 2948,
        "low": 2907,
        "high": 3036,
        "mom_pct": 0.14333333333333337,
        "yoy_pct": 2.683333333333333
      }
    },
    "single_family": {
      "1br": {
        "median": 1694,
        "low": 1669,
        "high": 1754,
        "mom_pct": 0.63,
        "yoy_pct": 6.54
      },
      "2br": {
        "median": 2025,
        "low": 1967,
        "high": 2096,
        "mom_pct": -0.6627272727272726,
        "yoy_pct": 6.117272727272726
      },
      "3br": {
        "median": 2834,
        "low": 2729,
        "high": 2938,
        "mom_pct": 1.7574999999999998,
        "yoy_pct": 5.862500000000001
      },
      "4br": {
        "median": 3087,
        "low": 2994,
        "high": 3179,
        "mom_pct": -1.28875,
        "yoy_pct": 1.1549999999999998
      }
    }
  },
  "vacancy": 3.4672,
  "days_on_market": {
    "apartment": 32,
    "condo_townhome": 31,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "1BR apartments fall 4.4% to $1,338",
      "body": "In the Minnetonka / Wayzata (55305, 55345, 55391) rental market, 1-bedroom apartments declined 4.4% month-over-month to $1,338, with a 4.0% decrease year-over-year. This pronounced drop highlights the weakest short-term performance among all apartment bedroom segments in Minnetonka / Wayzata (55305, 55345, 55391)."
    },
    {
      "headline": "2BR condos climb 3.4% MoM to $1,979",
      "body": "Across property types in Minnetonka / Wayzata (55305, 55345, 55391), 2-bedroom condos and townhomes registered a 3.4% month-over-month increase, reaching $1,979. This rise was notably stronger than the 2-bedroom apartment segment, which declined 0.9%, and single-family homes, which decreased 0.7% over the same period."
    },
    {
      "headline": "3BR single-family homes lead by $286",
      "body": "Analyzing Minnetonka / Wayzata (55305, 55345, 55391) rental trends, 3-bedroom single-family homes outperform 3-bedroom apartments by $286, with a median rent of $2,834 versus $2,548 for condos/townhomes. The single-family segment also posted a 5.9% year-over-year increase, far ahead of apartments at 3.1% and condos/townhomes at -0.1%."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Minnetonka / Wayzata, MN range from $1,338 to $3,087 per month depending on property type and bedroom count.",
      "The largest year-over-year increase is seen in condo/townhome 2BR units, which rose 7.28%.",
      "For 2BR units, single-family homes rent for $2,025 while apartments rent for $1,799 per month."
    ],
    "qa": [
      {
        "question": "What are the rental price ranges in Minnetonka / Wayzata, MN?",
        "answer": "As of April 2026, rental prices in Minnetonka / Wayzata, MN range from $1,338 for a 1BR apartment to $3,087 for a 4BR single-family home."
      },
      {
        "question": "Are there any unusual or outlier numbers in the Minnetonka / Wayzata, MN rental market this month?",
        "answer": "The single largest month-over-month rent change is a -4.39% shift in 1BR apartments, with the median rent dropping to $1,338 in April 2026."
      },
      {
        "question": "How does the premium gap between condo/townhome and single-family rents compare for the same bedroom count in Minnetonka / Wayzata, MN?",
        "answer": "For 4BR rentals in April 2026, single-family homes are $3,087 and condo/townhomes are $2,948, resulting in a $139 premium for single-family rentals over condo/townhomes."
      },
      {
        "question": "What is the premium gap between apartment and single-family rents for the same bedroom count in Minnetonka / Wayzata, MN?",
        "answer": "For 2BR units, single-family homes rent for $2,025 while apartments rent for $1,799, giving a $226 premium for single-family rentals in Minnetonka / Wayzata, MN."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1338,
          "2br": 1799,
          "3br": 2435,
          "4br": 2896
        },
        "condo_townhome": {
          "1br": 1524,
          "2br": 1979,
          "3br": 2548,
          "4br": 2948
        },
        "single_family": {
          "1br": 1694,
          "2br": 2025,
          "3br": 2834,
          "4br": 3087
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1651,
          "2br": 3094,
          "3br": 4232,
          "4br": 2889
        },
        "condo_townhome": {
          "1br": 1523,
          "2br": 1896,
          "3br": 2590,
          "4br": 2934
        },
        "single_family": {
          "1br": 1683,
          "2br": 2405,
          "3br": 2763,
          "4br": 3338
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1672,
          "2br": 3092,
          "3br": 4070,
          "4br": 2923
        },
        "condo_townhome": {
          "1br": 1532,
          "2br": 1979,
          "3br": 2693,
          "4br": 3118
        },
        "single_family": {
          "1br": 1678,
          "2br": 1971,
          "3br": 2995,
          "4br": 3227
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1442,
          "2br": 1774,
          "3br": 2462,
          "4br": 2950
        },
        "condo_townhome": {
          "1br": 1530,
          "2br": 1913,
          "3br": 2609,
          "4br": 2976
        },
        "single_family": {
          "1br": 1675,
          "2br": 1971,
          "3br": 2729,
          "4br": 3094
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1460,
          "2br": 1799,
          "3br": 2481,
          "4br": 2971
        },
        "condo_townhome": {
          "1br": 1546,
          "2br": 1926,
          "3br": 2629,
          "4br": 3002
        },
        "single_family": {
          "1br": 1681,
          "2br": 1985,
          "3br": 2762,
          "4br": 3127
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1454,
          "2br": 1773,
          "3br": 2487,
          "4br": 2976
        },
        "condo_townhome": {
          "1br": 1550,
          "2br": 1923,
          "3br": 2651,
          "4br": 3019
        },
        "single_family": {
          "1br": 1688,
          "2br": 1995,
          "3br": 2787,
          "4br": 3135
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1448,
          "2br": 1790,
          "3br": 2462,
          "4br": 2960
        },
        "condo_townhome": {
          "1br": 1540,
          "2br": 1892,
          "3br": 2650,
          "4br": 3020
        },
        "single_family": {
          "1br": 1685,
          "2br": 1993,
          "3br": 2795,
          "4br": 3120
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1419,
          "2br": 1775,
          "3br": 2443,
          "4br": 2936
        },
        "condo_townhome": {
          "1br": 1535,
          "2br": 1912,
          "3br": 2632,
          "4br": 3010
        },
        "single_family": {
          "1br": 1679,
          "2br": 1983,
          "3br": 2777,
          "4br": 3179
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1425,
          "2br": 1762,
          "3br": 2423,
          "4br": 2908
        },
        "condo_townhome": {
          "1br": 1528,
          "2br": 1893,
          "3br": 2615,
          "4br": 2991
        },
        "single_family": {
          "1br": 1667,
          "2br": 1970,
          "3br": 2798,
          "4br": 3193
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1413,
          "2br": 1752,
          "3br": 2406,
          "4br": 2878
        },
        "condo_townhome": {
          "1br": 1521,
          "2br": 1905,
          "3br": 2598,
          "4br": 2963
        },
        "single_family": {
          "1br": 1653,
          "2br": 1955,
          "3br": 2757,
          "4br": 3175
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1415,
          "2br": 1740,
          "3br": 2379,
          "4br": 2854
        },
        "condo_townhome": {
          "1br": 1503,
          "2br": 1891,
          "3br": 2574,
          "4br": 2930
        },
        "single_family": {
          "1br": 1635,
          "2br": 1938,
          "3br": 2725,
          "4br": 3095
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1399,
          "2br": 1728,
          "3br": 2353,
          "4br": 2829
        },
        "condo_townhome": {
          "1br": 1488,
          "2br": 1858,
          "3br": 2548,
          "4br": 2892
        },
        "single_family": {
          "1br": 1611,
          "2br": 1912,
          "3br": 2679,
          "4br": 3039
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/minnetonka-wayzata-mn/",
    "self": "https://data.estaite.com/feeds/minnetonka-wayzata-mn.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}