Foreclosure Homes in Tonka Bay, MN

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Foreclosure Homes in Tonka Bay, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Tonka Bay, MN area at Get information on foreclosure homes for rent, how to buy foreclosures in Tonka Bay, MN and much more. Save thousands at closing with home foreclosure listings in Tonka Bay, MN — up to 75% off market value!

Top Reasons To Live In Tonka Bay, MN In 2021

Tonka Bay is located in Hennepin, Minnesota, with an estimated municipal population of 1,568 residents. All of the best foreclosed homes for sale in Tonka Bay are located in the following zip code areas on 55331. The estimated population per square kilometer (.62 miles) in Tonka Bay is 644.

Cost Of Living In Tonka Bay, MN

So, about how much do homes cost in Tonka Bay? The most recent median value of resident-owned homes in Tonka Bay is 657,552. An estimated 90.3 percent of households in Tonka Bay own their homes, with an average family size of 2.75. The median household income in Tonka Bay is 133,000, with65.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tonka Bay, the median commute time of resident workers (in minutes) is 26.7. And last, but certainly not least, are you looking for homes to rent in Tonka Bay? If so, the average rent price paid by renters in Tonka Bay is 1,667, according to recent statistics.

Diversity And Demographics In Tonka Bay, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Tonka Bay, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Tonka Bay is 51.1, split between 52.9 percent male versus 47.1 female. The percentage of residents who report being married in Tonka Bay is 66.8, with an average family size of 2.75.

The percentage of residents who report their race in Tonka Bay is as follows:

White 92.1%
Black / African American 2.7%
Asian 0.5%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 1%
Multi-racial 3.1%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Tonka Bay? Or maybe you are searching for 55+ active adult communities in and/or near Tonka Bay?

The percentage of residents who report their age in Tonka Bay is as follows:

Under 10 7.9%
Aged 10-19 14.5%
20s 3.9%
30s 7.2%
40s 13.2%
50s 19.5%
60s 23.6%
70s 9.3%
80+ 0.9%

Best Schools In Tonka Bay, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Tonka Bay with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tonka Bay.

Pros And Cons Of Living In Tonka Bay, Minnesota

How do you know that living in -- or moving to -- Tonka Bay is right where you need to be? Perhaps you grew up in Tonka Bay or already live nearby; therefore, the decision to buy a home in Tonka Bay is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tonka Bay for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Tonka Bay:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tonka Bay.

Reasons To Move To Tonka Bay, Minnesota, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tonka Bay can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tonka Bay, meanwhile, can field multiple offers from more qualified buyers.


Listing types in Tonka Bay, MN

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