VA Mortgage Loans in Minnetonka, MN

History of Minnetonka, MN

Since the mid-19th century, Minnetonka has evolved from a heavily wooded wilderness through extensive farming and thriving industrialization to its present primarily residential suburban character. The Minnetonka area was home to the Dakota and Ojibwe Native American tribes before Euro-Americans arrived in the 1800s. They believed Lake Minnetonka (mni meaning water, and tanka meaning big, anglicized to Minnetonka) and the land around it to be sacred. The first recorded exploration of the area by Euro-Americans was in 1822 when a group from newly constructed Fort Snelling made its way up Minnehaha Creek (then known as Brown’s Creek or Falls Creek) to the lake. In 1851, the Dakota sold the area including Minnetonka to the United States with the Treaty of Traverse des Sioux. The first census, the Territorial Census of 1857, lists 41 households. Twenty-nine of the heads of households are listed as farmers. The occupations of the remaining twelve are associated with the operations of Minnetonka Mill and a nearby hotel.

In 1852, a claim was staked on Minnehaha Creek near McGinty Road. The sawmill that was constructed in the thick woods of maple, oak, elm, red cedar, and basswood was the first privately operated mill in Minnesota west of the Mississippi River. Oak timbers from this mill were used to build the first suspension bridge across the Mississippi River at Saint Anthony Falls in 1853. The settlement of Minnetonka Mills that grew up around the mill was the first permanent European–American settlement west of Minneapolis in Hennepin County. In 1855, a two-story sawmill was constructed with a furniture factory on the second floor. A building for varnishing furniture was built on the south side of the creek, at the present Bridge Street. Production consisted mainly of chairs and bedsteads. 

Source: https://en.wikipedia.org/wiki/Minnetonka,_Minnesota

Demographics of Minnetonka, MN

As of the census^[2] of 2010, there were 49,734 people, 21,901 households, and 13,619 families living in the city. The population density was 1,846.8 inhabitants per square mile (713.1/km²). There were 23,294 housing units at an average density of 865.0 per square mile (334.0/km²). The racial makeup of the city was 90.0% White, 3.7% African American, 0.3% Native American, 3.1% Asian, 0.7% from other races, and 2.1% from two or more races. Hispanic or Latino of any race were 2.4% of the population.

There were 21,901 households, of which 25.9% had children under the age of 18 living with them, 52.1% were married couples living together, 7.3% had a female householder with no husband present, 2.8% had a male householder with no wife present, and 37.8% were non-families. 31.1% of all households were made up of individuals, and 11.9% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.85.

The median age in the city was 45 years. 20.8% of residents were under the age of 18; 6% were between the ages of 18 and 24; 23.2% were from 25 to 44; 33.3% were from 45 to 64; and 16.7% were 65 years of age or older. The gender makeup of the city was 47.5% male and 52.5% female.

Source: https://en.wikipedia.org/wiki/Minnetonka,_Minnesota