Why Live in Orono
Orono, located 18 miles west of Minneapolis, is known for its expansive estates and 40 miles of Lake Minnetonka shoreline. The neighborhood attracts affluent residents, including former NBA star Kevin Garnett and various CEOs, due to its low tax rates and abundant land. Homes in Orono range from single-family houses starting in the upper $200,000s to multi-million-dollar waterfront properties with amenities like boat docks. The area is characterized by a mix of older homes and new builds, with many properties being replaced by more luxurious residences. Orono offers a variety of recreational features, including parks with playsets, nature trails, and popular spots like Noerenberg Memorial Gardens and Baker Park Reserve. Golf enthusiasts can join local clubs or play at the public Orono Orchards Golf Course. The Orono Public School District is highly rated, with students attending Schumann Elementary, Orono Intermediate, Orono Middle, and Orono High School, which offer rigorous academic programs. Community education programs provide learning opportunities for all ages, from early childhood classes to adult education. Dining options include Lord Fletcher’s Old Lake Lodge and The Narrows Saloon, while grocery shopping is available at Lunds & Byerlys or Orono Market. Although the community is car-dependent with no public transportation, it is within a 30-minute drive to Minneapolis and 28 miles from the Minneapolis-Saint Paul International Airport. The closest hospital, Abbott Northwestern, is 11 miles away.
Home Trends in Orono, MN
On average, homes in Orono, MN sell after 55 days on the market compared to the national average of 50 days. The median sale price for homes in Orono, MN over the last 12 months is $1,396,000, up 64% from the median home sale price over the previous 12 months.
Median Sale Price
$1,396,000
Median Single Family Sale Price
$1,445,000
Median Townhouse Sale Price
$839,999
Average Price Per Sq Ft
$452
Number of Homes for Sale
30
Last 12 months Home Sales
93
Median List Price
$1,412,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
64%