Allmusic said "Popular music stars belt out Disney songs in their signature styles on this extremely danceable disc. Four cast members from High School Musical add to the fun with "Two Worlds", "Colors of the Wind", "Kiss the Girl" and "Find Yourself", while B5 provides an exciting rendition of the "Siamese Cat Song." Fifteen tracks are included in total."
Disneymania 5 is the highest charting album of the series, peaking at #14, one position above Disneymania 4. However, it had the second lowest first week sales (behind Disneyremixmania). To date, Disneymania 5 has sold a total amount of 190,104 copies.