Tag Archives: Orono

Orono ranks #1 in highest median home price in MN, Wayzata ranks #10

Lake Minnetonka 1

Image by yuan2003 via Flickr: Lake Minnetonka

Just some fun information.  Minneapolis/St Paul Business Journals ranked 14,214 Cities nationwide by median home value and upper quartile value. 

It appears the power Lake Minnetonka’s “Lake Affect” helped the cities near the lake rank high on this list.

 Orono ranked top of the list for median home price while Wayzata comes in 10th place in Minnesota.  For upper quartile house value  for Minnesota, Dellwood ranks 1, followed by Orono and then Tonka Bay.

For Minnesota’s highest median home value, the list ranks in this order:

Orono, MN  Median Home Value:  $732,600

Dellwood, MN   Median Home Value:  $686,500

North Oaks, MN  Median Home Value:  $651,700

Tonka Bay, MN  Median Home Value:  $588,200

Independence, MN  Median Home Value:   $542,400

Deephaven, MN  Median Home Value:   $532,700

Minnetrista, MN  Median Home Value:  $512,700

Medina, MN  Median Home Value:  $479,500

Grant, MN  Median Home Value:    $460,600

Wayzata, MN  Median Home Value:   $452,700

This is just a very short summary of the full story by Minneapolis St Paul Business Journals.

Read Full Story from Mpls/St Paul Business Journals

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Minneapolis property taxes, not so bad??

City hall of Minneapolis, Minnesota (USA).

Image via Wikipedia

More on the Minneapolis Property Tax hike…  Here is a related article on the subject. 

Has anyone stopped to ask, what am I getting for an additional 2% or 4.7% in property taxes?  Are we getting more services?  Is there value in paying more?  As a consumer we have the freedom of choice on whether or not to buy the product.  As a taxpayer, the only freedom we have is to VOTE.

The owner of a $200,000 home in Minneapolis will pay $3,142 in property taxes in 2011. That’s far more than some Hennepin County neighbors, like Edina ($2,275), Plymouth ($2,315) and Orono ($1,860). But a Minneapolis tax bill is less than in Brooklyn Center, where a $200,000 homeowner will pay $3,340 in 2011. 

In 2010, the most recent year of data collected by the LMC, only 15 of 142 metro municipalities had higher property taxes than Minneapolis. 

Since that data was calculated, however, property taxes in Minneapolis have increased by 4.7 percent, though homeowners were hit harder. The owner of a $200,000 Minneapolis home in 2010 paid $2,725 in property taxes, compared to $3,142 in 2011.   Read Full Story from the Downtown Journal

What about for the homeowners who are struggling to make ends meet with fuel and food prices stretching their budgets to a maximum.  Did they all get a pay increase this year where they can easily afford additional monthly property tax payments?



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New Senior Housing Development in Orono Should Be Built by Spring

Great site! Great Location!  Glad to see it get utilized.

Ground has been broken on a new senior housing development in Orono.

“Trails of Orono,” a $10 million two-story facility, will house 19 memory care units and 43 assisted living units. The complex is a long-term partnership with Kraus-Anderson and Minneapolis-based senior housing provider Ebenezer Management Services.

…Trails of Orono is located at 875 Wayzata blvd (New Highway 12 and Luce Line Trail Access) in Orono.

Read Full Article from Lake Minnetonka Patch

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