Skip to main content

Orono joins Malibu on real estate company's list of priciest housing

  • Author:
  • Updated:

There must be plenty of Grey Poupon in Orono.

The Star Tribune reports the leafy suburb on the shores of Lake Minnetonka ranks right up there with Malibu, Calif. on a national list of the top 10 most expensive real estate markets in the country.

The ranking comes from a survey by real estate giant Coldwell Banker, which tracks the average list price of a four-bedroom, two-bathroom house in 1,900 markets across the country. The Wall Street Journal has the full list.

On that list, Malibu was the priciest with an average list price of $2.1 million. Orono ranked ninth, at $1.2 million.

The HomesOfTheRich website includes a few Orono mansions in its over-the-top track of luxury homes. Earlier this year, a home in Orono went on the market for $24 million. (That's not a typo. $24 million).

Coldwell Banker's annual survey of the five priciest Minnesota communities puts another Minnetonka suburb, Mound, in second place, with an average list price of $843,570. Edina ($783,588), Minnetonka ($677,623) and Minneapolis ($595.159) round out the top five list.

The survey finds Owatonna to be the most affordable community, with an average list price of $145,646. Other communities on the most affordable list--which is another way of saying the lowest priced zip codes--include Willmar ($165,072), Moorhead ($166,569), St. Cloud ($167,552) and Albert Lea ($170,929).

Next Up

Gophers basketball

Gophers fall below roster minimum, postpone Penn State game

It is "due to internal COVID-19 protocols within the Golden Gopher program."

Raheem Morris

Report: Vikings request interview with Rams' Raheem Morris

Morris was once the youngest head coach in the NFL at 33 years old.

train crossing S Boardman Ave, New York Mills, Minnesota - August 2013 crop GSV

Sheriff: Drunk driver crashed trying to 'beat the train'

The BNSF train slammed into the side of the driver's car.


Man run over after parking dispute leads to road rage crash

The two groups fought about parking prior to the crash.

hwy 41 engler boulevard crash crop

Deadly crash shuts down small stretch of Chaska highway

At least two vehicles were involved in the wreck.

covid test 6

You can now order 4 free at-home COVID tests from the government

Tests will ship for free within 7-12 days, according to the White House.


Minnesota's COVID-19 update for Tuesday, January 18

Minnesota has reached 11,000 COVID-19 deaths.


Vikings must continue building out receiving corps in 2022

Justin Jefferson headlines a young, promising group, but more depth is still needed

Screen Shot 2022-01-17 at 9.39.38 PM

Jordan Greenway runs into Darcy Kuemper, sparks fight

Kuemper got knocked out of the game, leading to the brawl.