Deephaven city, Minnesota Demographics & Population 2026
As of 2026, Deephaven city, Minnesota has a total population of 3,835, the 185th largest city in Minnesota, with a median household income of $175,441, which is 100% higher than the state average. The poverty rate is 2.0%.
Key Takeaways
- Household income is 100% above the state average — one of the wealthiest communities in Minnesota.
- An exceptionally low poverty rate of 2.0% — among the lowest in Minnesota.
- 79.7% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
- Near full employment with an unemployment rate of just 1.6%.
Deephaven city Quick Facts
How Deephaven city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Deephaven city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis city | 426,845 | $80,269 | 16.4% | $345,600 |
| Bloomington city | 88,838 | $90,677 | 9.1% | $346,200 |
| Brooklyn Park city | 84,349 | $85,964 | 10.3% | $313,500 |
| Plymouth city | 79,526 | $133,865 | 4.1% | $474,700 |
| Maple Grove city | 70,539 | $129,481 | 3.9% | $397,400 |
| Eden Prairie city | 63,249 | $127,732 | 6.0% | $463,300 |
| Minnetonka city | 53,256 | $120,496 | 4.8% | $456,200 |
| Edina city | 53,125 | $129,225 | 4.4% | $624,000 |
| St. Louis Park city | 49,541 | $100,250 | 7.3% | $371,600 |
| Richfield city | 36,725 | $84,055 | 7.3% | $320,400 |
Cities Similar to Deephaven city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Independence city | 3,695 | $194,205 | $757,800 | 62.9% | 0.5% |
| Grant city | 3,959 | $145,357 | $622,000 | 56.5% | 5.3% |
| Hanover city | 3,495 | $147,944 | $421,700 | 47.8% | 2.2% |
| Centerville city | 3,915 | $119,361 | $364,700 | 48.2% | 1.7% |
| Bayport city | 3,948 | $115,781 | $363,200 | 26.5% | 3.9% |
Population Overview
Deephaven city is a small community located in Minnesota, within Hennepin County. The total population is 3,835. It ranks as the 185th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Deephaven city is 47.2 years. This is 22% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Deephaven city is $175,441. This is 100% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 123% higher. The poverty rate stands at 2.0%. This is 79% lower than the state poverty rate of 9.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.6%. This is 61% lower than the state rate of 3.9%. The median home value is $854,000. Housing costs are 180% higher than the state median of $305,500. The home-value-to-income ratio is 4.9x. 90.1% of occupied housing units are owner-occupied. This homeownership rate is 24% higher than the state average of 72.4%.
Race & Ethnicity
Deephaven city has a predominantly White (non-Hispanic) population, comprising 93.2% of all residents. Hispanic or Latino residents account for 2.7%. The Black or African American population (0.1%) is well below the state average of 6.7%. The Hispanic or Latino population (2.7%) is well below the state average of 6.2%. The Asian population (1.6%) is well below the state average of 5.0%.
Education
79.7% of residents aged 25 and older hold a bachelor's degree or higher. This places Deephaven city in the top 10% of all cities in the state for educational attainment. This is 105% higher than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.6%. Notably, 28.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Deephaven city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Deephaven city, Minnesota?
Deephaven city, Minnesota has a population of 3,835 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Deephaven city, MN?
The median household income in Deephaven city is $175,441, which is 123% higher the national median of $78,538.
What is the poverty rate in Deephaven city, MN?
The poverty rate in Deephaven city is 2.0%. This means approximately 75 residents live below the federal poverty line.
What is the racial makeup of Deephaven city, Minnesota?
Deephaven city's population is 93.2% White, 0.1% Black, 2.7% Hispanic/Latino, and 1.6% Asian.
What is the median home value in Deephaven city, MN?
The median home value in Deephaven city is $854,000. The home-value-to-income ratio is 4.9x.
How educated is Deephaven city, Minnesota?
79.7% of adults (25+) in Deephaven city hold a bachelor's degree or higher, and 28.4% hold a graduate or professional degree.