Deephaven, MN
Population 3,835 · Minnesota
About Deephaven, MN
Deephaven is a small community in Minnesota with a population of 3,835 residents. The median household income is $175,441 per year, which is above the national average. The median age in Deephaven is 47.2 years.
Housing in Deephaven has a median home value of $854,000 and median monthly rent of $0. Of the 1,633 total housing units, the majority are owner-occupied, with 1,377 owner-occupied and 151 renter-occupied units.
The unemployment rate in Deephaven is 1.5% and the poverty rate is 2.0%. 79.7% of residents hold a bachelor's degree or higher. The average commute time is 26.7 minutes.
How Deephaven Ranks in Minnesota
Cost of Living in Deephaven, MN
Compared to national averages, Deephaven has a median household income of $175,441 (133% above the national median of $75,149). Home values average $854,000, which is 249% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Deephaven's income is 136% above the state average of $74,221, and home values are 318% above the state median of $204,472.
Why Live in Deephaven, MN?
Deephaven offers a strong local economy with a median household income of $175,441, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.5%. Additionally, the city features a well-educated community where 79.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $854,000. However, Deephaven’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Deephaven has a population of 3,835 with a median age of 47.2 years. Compare Deephaven with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Deephaven
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Montrose | 3,840 | $98,832 | $260,100 | Compare |
| Zumbrota | 3,843 | $96,818 | $235,800 | Compare |
| Norwood Young America | 3,866 | $67,857 | $289,400 | Compare |
| Centerville | 3,915 | $119,361 | $364,700 | Compare |
| Bayport | 3,948 | $115,781 | $363,200 | Compare |
| Grant | 3,959 | $145,357 | $622,000 | Compare |
| Mora | 3,708 | $53,704 | $180,300 | Compare |
| Scandia | 3,966 | $100,179 | $471,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Deephaven
What is the population of Deephaven, MN?
The population of Deephaven, MN is 3,835 according to the latest Census data.
What is the median household income in Deephaven?
The median household income in Deephaven, MN is $175,441 per year.
What is the median home value in Deephaven?
The median home value in Deephaven, MN is $854,000.
What is the average rent in Deephaven?
The median monthly rent in Deephaven, MN is $0.
What is the unemployment rate in Deephaven?
The unemployment rate in Deephaven, MN is 1.5%.