The story of this market
The typical home in ZIP 55391 sells for about $414,000, or $225 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,070 a month.
This ZIP has no home sales of its own, so its market figures come from Hennepin County, Minnesota (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 55391 — Wayzata
The 55391 housing market is characterized by high-end luxury demand and limited inventory, resulting in significant year-over-year price appreciation. While the market remains competitive, the pace of sales has stabilized, reflecting a balanced environment for buyers and sellers in this affluent enclave.
This ZIP is ideal for affluent families and professionals seeking a high quality of life, top-tier schools, and proximity to Lake Minnetonka, while maintaining access to the Minneapolis metro area.
Median prices moved up 1.0% year over year.
Homes spend a median of 28 days on market with 5.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 5.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55391, Hennepin County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Wayzata generally experiences low crime rates compared to the broader Minneapolis-Saint Paul metropolitan area, with property crime being the primary concern.
The area is served by the highly-rated Wayzata Public Schools district, which is consistently recognized for academic excellence and strong college readiness metrics.
The geography faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with localized flood risks near Lake Minnetonka shorelines.
Economic momentum is driven by its proximity to the Minneapolis employment core and a robust local base of professional services, retail, and corporate offices in the western suburbs.
Property taxes are levied by Hennepin County, the City of Wayzata, and the local school district; rates are determined by annual market value assessments and local millage levies.
Residents primarily commute to downtown Minneapolis via I-394, a drive typically taking 20-30 minutes depending on traffic conditions.
The area features extensive access to Lake Minnetonka for boating and recreation, numerous public parks, regional trails, and the upscale shopping and dining district of downtown Wayzata.
The rental market is characterized by high-end luxury offerings with limited inventory, resulting in significant rent growth and low vacancy pressure.
The local economy is anchored by professional services, retail, and proximity to major corporate headquarters in the western Minneapolis suburbs.
The area is served by I-394 and Highway 12, providing primary transit corridors to downtown Minneapolis.
Development is focused on high-end residential infill and the continued revitalization of the downtown Wayzata waterfront district.
Hennepin County Assessor performs annual market value assessments for all residential parcels.
Parcels are subject to Wayzata Public Schools district levies and Hennepin County special service district assessments.
Property insurance premiums are influenced by regional severe weather risks, including wind and hail exposure common in Minnesota.
Data retrieved from data.census.gov ZCTA 55391 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.616.3 mi
- Valleyfair4.212.9 mi
- Great Wolf Lodge | Minnesota3.915.7 mi
- Nickelodeon Universe4.516.3 mi
- Slick City Action Park4.59.6 mi
- U.S. Bank Stadium4.613.2 mi
- Minneapolis Convention Center4.512.4 mi
- Minnesota State Fair4.717.4 mi
- Topgolf Brooklyn Center4.313.4 mi
- Canterbury Park4.513 mi
- Minneapolis Institute of Art4.812.5 mi
- Valleyfair4.212.9 mi
- University of Minnesota Landscape Arboretum4.89 mi
- AMC Southdale 163.911.9 mi
- Emagine Willow Creek4.65.9 mi
- Minneapolis Institute of Art4.812.5 mi
- University of Minnesota Landscape Arboretum4.89 mi
- Walker Art Center4.511.6 mi
- Historic Stone Arch Bridge4.813.3 mi
- Paisley Park4.88.1 mi
- University of Minnesota Landscape Arboretum4.89 mi
- Minneapolis Sculpture Garden4.711.6 mi
- Centennial Lakes Park4.712.4 mi
- Lake Harriet Regional Park4.811.2 mi
- Elm Creek Park Reserve4.712 mi
- Wayzata Yacht Club4.81.4 mi
- Howard's Point Marina4.67 mi
- Metro Lakes Marina & Rentals LLC.4.56.4 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.75.3 mi
- Your Boat Club Lake Minnetonka Brown's Bay4.81.9 mi
- The Minikahda Club4.410.3 mi
- Braemar Golf Course4.410.3 mi
- Rush Creek Golf Club4.68.3 mi
- Brookview Golf Course and Lawn Bowling4.26.9 mi
- Puttery4.712.6 mi
- Ridgedale Center4.44.4 mi
- Karmel Mall4.112.1 mi
- Asia Mall4.39.1 mi
- Southdale Center4.211.9 mi
- Minneapolis-Saint Paul International Airport4.416.5 mi
- Shoyu3.716.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional lake offering boating, fishing, and public beaches.
Popular public beach and park area located on the shores of Lake Minnetonka.
A revitalized waterfront plaza and boardwalk area in downtown Wayzata.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%). Coherence hold-out: this pass's median price ($1,995,000) sat outside the 0.25–4× band around Hennepin County's retained level and was not stored. Coherence hold-out: this pass's median rent ($6,995) sat outside the 0.25–4× band around Hennepin County's retained level and was not stored. Validation: the flagged $1,995,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.