Census tract · Hennepin County
Census Tract 262.02, Hennepin County, Minnesota
Census Tract 262.02, GEOID 27053026202, in Hennepin County, Minnesota, entirely within Minnetonka. 2,704 residents in the ACS 2020-2024 5-year estimates (±348); the 2020 Census counted 2,936.
Residents, 2020-2024
2,704
±348 (90% margin)
2020 Census count: 2,936
Median household income
$168,500
±$32,300 (90% margin)
Hennepin County: $97,653
Median home value
$492,800
±$52,905 (90% margin)
Hennepin County: $392,900
Median gross rent
$1,375
±$892 (90% margin)
Hennepin County: $1,487
Where is Census Tract 262.02?
Census Tract 262.02 is one of 329 census tracts in Hennepin County, Minnesota. It covers 1.59 square miles of land, 1,851 residents per square mile in 2020. Its GEOID, 27053026202, names it uniquely (how tract numbers and GEOIDs work).
| Place | Share of the tract |
|---|---|
| Minnetonka | 100% |
5 census tracts border Census Tract 262.02: Tract 261.01 ($158,826), Tract 262.01 ($152,917), Tract 262.05 ($155,417), Tract 262.06 ($133,542) and Tract 263.02 ($132,143). The figure in brackets is each tract's median household income.
Whether a tract counts as low- or moderate-income for bank lending (the Community Reinvestment Act) is set by the FFIEC against its metro area's family income: look it up in the FFIEC census geocoder.
Source: 2024 Gazetteer and 2020 block assignment files, U.S. Census Bureau · Census reference files
How many people live in Census Tract 262.02?
The 2020-2024 American Community Survey puts Census Tract 262.02's population at 2,704 (±348) in 1,098 households; the 2020 Census counted 2,936 residents and 1,180 housing units.
| Measure | Tract 262.02 | Minnetonka |
|---|---|---|
| Total population | 2,704±348 | 53,064 |
| Households | 1,098±194 | 23,515 |
| Average household size | 2.46±0.28 | 2.24 |
| Housing units | 1,170±170 | 24,760 |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026); 2020 Census P.L. 94-171 · Check it at data.census.gov
Who lives in Census Tract 262.02?
The median resident of Census Tract 262.02 is 46.4 years old; 26.1% are under 18 and 27.4% are 65 or older. The largest group is non-Hispanic white residents at 88.6%, then Hispanic or Latino residents (of any race) at 6.2%.
| Measure | Tract 262.02 | Minnetonka |
|---|---|---|
| Median age | 46.4±4.9 | 42.9 |
| Under 18 years | 26.1%±4.8 pts | 21.3% |
| 65 years and over | 27.4%±7.3 pts | 22.8% |
| Hispanic or Latino (any race) | 6.2%±6.2 pts | 4.1% |
| White alone, not Hispanic | 88.6%±7.4 pts | 80.9% |
| Black or African American alone, not Hispanic | 0.3%±0.7 pts | 4.2% |
| Asian alone, not Hispanic | 3.4%±4.0 pts | 6.0% |
| American Indian and Alaska Native alone, not Hispanic | 0.0%±0.8 pts | 0.2% |
| Native Hawaiian and Other Pacific Islander alone, not Hispanic | 0.0%±0.8 pts | 0.0% |
| Two or more races, not Hispanic | 1.2%±1.0 pts | 4.3% |
| Some other race alone, not Hispanic | 0.3%±0.4 pts | 0.4% |
| Born outside the United States | 4.8%±3.3 pts | 11.3% |
| Speak a language other than English at home (age 5+) | 8.5%±3.9 pts | 14.5% |
| Civilian veterans (age 18+) | 1.4%±1.2 pts | 4.5% |
| With a disability | 8.1%±3.4 pts | 9.2% |
| No health insurance coverage | 0.3%±0.4 pts | 1.3% |
| High school graduate or higher (age 25+) | 100.0%±1.2 pts | 98.3% |
| Bachelor's degree or higher (age 25+) | 69.6%±6.4 pts | 65.0% |
| Graduate or professional degree (age 25+) | 36.3%±8.5 pts | 25.2% |
| Lived in the same house a year earlier | 91.4%±6.3 pts | 88.2% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profiles DP02, DP05) · Check it at data.census.gov
What do households in Census Tract 262.02 earn?
Half of the 1,098 households in Census Tract 262.02 earn less than $168,500 a year (±$32,300), against $97,653 across Hennepin County: 31st highest of the county's 324 tracts with a reliable estimate.
| Measure | Tract 262.02 | Minnetonka |
|---|---|---|
| Median household income | $168,500±$32,300 | $119,517 |
| Mean household income | $197,579±$29,152 | $167,587 |
| Per capita income | $83,528±$11,041 | $75,502 |
| People below the poverty line | 2.0%±1.5 pts | 5.9% |
| Children under 18 below the poverty line | 0.0%±3.1 pts | 5.7% |
| Households receiving SNAP | 2.5%±3.2 pts | 4.0% |
| Households with a computer | 96.9%±3.5 pts | 97.8% |
| Households with a broadband subscription | 93.7%±4.6 pts | 95.5% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
What does housing cost in Census Tract 262.02?
Owners occupy 93.1% of Census Tract 262.02's occupied homes and renters 6.9%. The median owner-occupied home is valued at $492,800 by its owner (±$52,905). The median renter pays $1,375 a month including utilities.
| Measure | Tract 262.02 | Minnetonka |
|---|---|---|
| Median home value (owner-occupied) | $492,800±$52,905 | $475,800 |
| Median gross rent | $1,375±$892 | $1,779 |
| Renters paying 35% or more of income on rent | 27.6%±40.0 pts | 38.0% |
| Median monthly owner costs, with a mortgage | $2,366±$238 | $2,540 |
| Owner-occupied homes | 93.1%±6.1 pts | 71.6% |
| Renter-occupied homes | 6.9%±6.1 pts | 28.4% |
| Housing units | 1,170±170 | 24,760 |
| Single-family detached homes | 91.8%±5.0 pts | 53.8% |
| Mobile homes | 0.0%±1.9 pts | 0.1% |
| Built 2020 or later | 2.6%±3.0 pts | 2.5% |
| Built 2010 to 2019 | 1.9%±2.2 pts | 7.3% |
| Built 1939 or earlier | 4.4%±3.0 pts | 2.5% |
| Households with no vehicle | 4.6%±5.1 pts | 4.1% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP04) · Check it at data.census.gov
How do people in Census Tract 262.02 get to work?
58.3% of Census Tract 262.02's workers drive alone and 34.3% work from home. The average trip to work takes 18.5 minutes.
| Measure | Tract 262.02 | Minnetonka |
|---|---|---|
| In the labor force (age 16+) | 72.8%±5.7 pts | 68.6% |
| Unemployment rate | 2.0%±1.8 pts | 3.0% |
| Drove alone to work | 58.3%±8.6 pts | 65.1% |
| Carpooled | 4.1%±3.4 pts | 4.2% |
| Public transportation | 0.5%±0.9 pts | 0.5% |
| Walked | 1.7%±2.7 pts | 1.2% |
| Worked from home | 34.3%±10.7 pts | 27.4% |
| Mean travel time to work | 18.5 min±1.9 | 19.3 min |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
How does Census Tract 262.02 compare with the other tracts in Hennepin County?
Among Hennepin County's tracts with a reliable estimate, Census Tract 262.02 ranks as shown below (1 = highest).
| Measure | In Hennepin County | In Minnetonka |
|---|---|---|
| Population | 258th of 328 | 14th of 15 |
| Residents per square mile | 292nd of 329 | 9th of 15 |
| Median household income | 31st of 324 | 1st of 15 |
| Per capita income | 46th of 326 | 6th of 15 |
| Median home value | 71st of 322 | 6th of 15 |
| Median gross rent | 198th of 295 | 10th of 12 |
| Bachelor's degree or higher | 68th of 326 | 4th of 15 |
| Median age | 42nd of 328 | 5th of 15 |
| Owner-occupied share | 44th of 322 | 4th of 15 |
The tracts next to it on Hennepin County's income ladder
| Tract | Rank | Median household income |
|---|---|---|
| Tract 201.01 | 28th | $170,278±$54,622 · within the margin of this tract |
| Tract 1113 | 29th | $170,000±$28,565 · within the margin of this tract |
| Tract 277.03 | 30th | $169,167±$33,001 · within the margin of this tract |
| Tract 262.02 | 31st | $168,500±$32,300 |
| Tract 265.09 | 32nd | $164,479±$22,857 · within the margin of this tract |
| Tract 263.01 | 33rd | $163,047±$38,272 · within the margin of this tract |
| Tract 238.02 | 34th | $162,391±$48,860 · within the margin of this tract |
"Within the margin": the two incomes differ by less than their combined 90% margins, so the survey cannot say which is higher and the ranks between them are not firm.
Source: PlainCities ranks computed from the American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) · How ranks are computed
How reliable are the figures for Census Tract 262.02?
4 of the 18 figures for Census Tract 262.02 on this page carry a coefficient of variation over 40% and are marked with a ring: they come from a small sample, so read them as rough.
A census tract's figures rest on a few hundred sampled households over five years, so its margins are wider than a city's. Two tracts differ only when the gap between them is larger than their combined 90% margin (the square root of the sum of the two squared margins). How to read a margin of error.
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026): margins of error as published · Check it at data.census.gov
How these figures are made: methodology and release checks · reading a margin of error · every state · corrections