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Getting around in Oak Terrace, MN

4 /100
Car-Dependent
20 /100
Somewhat Bikeable
Walk Score®: 4, Bike Score®: 20

Frequently asked questions

What is the average rent in Oak Terrace, Minnetonka, MN?

The average rent in Oak Terrace, Minnetonka, MN is $1,621.

What type of rental buildings are in Oak Terrace, Minnetonka, MN?

In Oak Terrace, 14% of the residents are renting compared to 86% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 55% of Oak Terrace's rentals, 37% are small-scale complexes with under 50 units, and 8% are single-family rentals.

Oak Terrace, Minnetonka, MN demographics

  • 1,798Total Population
  • 901 Female
    897 Male
  • 43Median Age

In total, Oak Terrace, Minnetonka, MN has 1,798 residents, 901 women and 897 men, per U.S. Census recent estimates. Statistics show that the median age of Oak Terrace’s population is 43.

Oak Terrace, Minnetonka, MN households

  • 498 Family
    215 Non-family
  • 237 Children
    476 No Children
  • 713Total Number of Households
  • 2Average People Per Household
  • $143,287Median Household Income

There is a total of 713 households in Oak Terrace, Minnetonka, MN. Of these, 237 have children and 476 are without children. Per Census Bureau’s most current estimates, 498 family households and 215 non-family households live in this area. The size of a household in Oak Terrace is 2 people, on average. The median household annual income in Oak Terrace equals $143,287, and the monthly housing costs equal $1,958.

Oak Terrace, Minnetonka, MN education statistics

According to data from the U.S. Census Bureau, 2% of the population in Oak Terrace, Minnetonka, MN have no high school education, 14% went to high-school, and 15% have partially completed college. Moreover, 7% of the population hold an Associate Degree, 36% hold a Bachelor Degree, and 27% hold a Graduate Degree.