When you think about the most expensive places to live, you probably think of big cities first. Minneapolis, New York City, Miami, and other similar cities.
However, some of the most expensive places to live in Minnesota, specifically, are small towns. I suppose that’s because few people can afford to live there.
This information comes from Stacker, which ranked Minnesota towns based on average home values to determine which are the most expensive places to live.
I then conducted additional research to determine the population size of each of these towns. All of the towns on my final list have populations under 10,000.
Many of these towns I had never heard of before, but after seeing the general area in which they are located, it all makes sense. For example, some of these towns are located near Lake Minnetonka, which is known for its insanely expensive mansions.
Let’s get to it!
The Most Expensive Small Towns in Minnesota
10. East Gull Lake
East Gull Lake, with a population of 1,120, ranks as Minnesota’s 18th most expensive small town. Their average home value is $642,094. East Gull Lake is located near Brainerd.
9. Afton
Afton is the seventeenth most expensive small town. They have a population of 2,941 and an average home worth $642,094. Afton is an eastern suburb of St. Paul.
8. Grant
Grant comes in at number sixteen. They have a population of 3,932 and an average home value of $666.675. Grant is located northeast of St. Paul, near White Bear Lake and Stillwater.
7. Lake Shore
Lake Show ranks 15th in terms of average home value at $681,107. They have a population of 1,121. Lake Shore is located in north central Minnesota, near Brainerd, but slightly further north than East Gull Lake.
6. Independence
Indemendence ranks 14th, with a typical home value of $718,245. They have a population of 3,644 and are a western suburb of Minneapolis located north of Lake Minnetonka.
5. Shorewood
Shorewood’s average home value is $735,008, and the population is 7,526. It is one of the towns on Lake Minnetonka.
4. Excelsior
Excelsior, located along Lake Minnetonka, ranks 12th. They have an average home value of $773,948 and a population of 2,277.
3. Medina
Medina is ranked eleventh, with an average home value of $776,909 and a population of 7,039. Medina is a western Minneapolis suburb located north of Lake Minnetonka.
2. Wayzata
Number ten, Wayzata, returns us to the Lake Minnetonka shoreline. They have an average home value of $834,804 and a population of 4,284.
1. Dellwood
Dellwood is the ninth-most expensive small town. They have an average home value of $863,655 and a population of 1,149. They are a northeastern suburb of St. Paul on White Bear Lake.
