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Residential (General/Single)Residential
$566,334$260 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

3424 RAINBOW DR

MINNETONKA, MN 55345
4
Beds
5.8
Baths
2,182 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.51 ac
Lot SizeThe size of the land the home sits on, from county records.
1960
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
10
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$566K
$529K low$603K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,323 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$533,200 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$213,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$319,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$524,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$533,200

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential (General/Single)
CountyHENNEPIN
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1985
Lot (acres)The size of the land the home sits on, from county records.0.51
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No
ViewThe type of view from the property, or another feature of the site that affects value.Lake
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 240 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Groveland ElementaryA+
Elementary · Grades KG–5 · 0.1 mi
M
Minnetonka Middle School EastA+
Middle · Grades 6–8 · 0.9 mi
H
Minnetonka High SchoolA+
High · Grades 9–12 · 2.3 mi

District: Minnetonka Public School District

Neighborhood · ZIP 55345These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.60
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.94
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.11

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.39%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.3%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.22,380
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,931 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$130,127
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$151,732
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.30 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

3424 Rainbow Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 77% of homes in Hennepin County
  • Costs less per square foot than 93% of homes in Groveland
  • Bigger than 84% of homes in Groveland
  • Has a bigger lot than 78% of homes in Hennepin County
  • Older than 68% of homes in Minnetonka 55345

What homes are worth in Minnetonka 55345

Each bar is how many homes fall in that price range. The marker is this home.

This home
$255K$1.3M

This home is worth more than 60% of homes in Minnetonka 55345.

How it measures up in Minnetonka 55345

The dot is this home. The mark in the middle is the typical home in Minnetonka 55345.

Estimated value$566,334
CheaperTypical $518,468Pricier

Pricier than 60% of homes nearby

Price per ft²$260
CheaperTypical $327Pricier

Pricier than 16% of homes nearby

Living area2,182 ft²
SmallerTypical 1,540 ft²Bigger

Bigger than 80% of homes nearby

Lot size0.51 ac
SmallerTypical 0.51 acBigger

Bigger than 58% of homes nearby

Year built1960
OlderTypical 1968Newer

Newer than 32% of homes nearby

How 3424 Rainbow Dr ranks against every home in each area.
MeasureThis homeGrovelandMinnetonka 55345Hennepin County
Estimated valuepricier than$566,33457% of homes60% of homes77% of homes
Price per ft²pricier than$2607% of homes16% of homes40% of homes
Living areabigger than2,182 ft²84% of homes80% of homes81% of homes
Lot sizebigger than0.51 ac73% of homes58% of homes78% of homes
Year builtnewer than196053% of homes32% of homes41% of homes

About 3424 Rainbow Dr

How much is 3424 Rainbow Dr, Minnetonka, MN worth?

The TopHap Estimate for 3424 Rainbow Dr, Minnetonka, MN is $566,334 as of Sep 24, 2026. The likely range is $529,317 to $603,351. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3424 Rainbow Dr, Minnetonka, MN last sell?

3424 Rainbow Dr, Minnetonka, MN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 3424 Rainbow Dr, Minnetonka, MN?

3424 Rainbow Dr, Minnetonka, MN has 4 bedrooms, 5.8 bathrooms, 2,182 square feet of living space and a 0.51-acre lot.

When was 3424 Rainbow Dr, Minnetonka, MN built?

3424 Rainbow Dr, Minnetonka, MN was built in 1960, making it 66 years old. The building has 2 stories.

What schools serve 3424 Rainbow Dr, Minnetonka, MN?

3424 Rainbow Dr, Minnetonka, MN is assigned to Groveland Elementary (elementary), rated A+; Minnetonka Middle School East (middle), rated A+; Minnetonka High School (high), rated A+. All sit in Minnetonka Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3424 Rainbow Dr, Minnetonka, MN compare to other homes in Minnetonka 55345?

Among the 7,968 homes in Minnetonka 55345, it is worth more than 60% of them ($566,334 against a typical $518,468), its price per square foot is higher than 16% of them ($260 against a typical $327), it is bigger than 80% of them (2,182 ft² against a typical 1,540 ft²), its lot is bigger than 58% of them (0.51 ac against a typical 0.51 ac) and it is newer than 32% of them (1960 against a typical 1968). Measured against all of Hennepin County, it is worth more than 77% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 3424 Rainbow Dr, Minnetonka, MN?

The 2025 property tax bill for 3424 Rainbow Dr, Minnetonka, MN was $7,323. The county assessed it at $533,200.

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