The story of this market
The typical home in ZIP 55317 sells for about $520,000, or $215 per square foot.
Prices are up +23.1% from a year ago, so sellers still have some momentum. Homes take about 21 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,840 a month.
ZIP 55317 — Chanhassen
The 55317 housing market is highly competitive, characterized by low inventory and strong year-over-year price appreciation. High demand from families and professionals, coupled with limited supply, continues to drive prices upward despite broader economic headwinds.
This ZIP is ideal for families and professionals seeking a high quality of life, excellent schools, and suburban amenities while maintaining access to the broader Twin Cities employment core.
Median prices moved up 23.1% year over year.
Homes spend a median of 21 days on market with 1.4 months of supply — a fast-moving market.
11% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 3.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55317
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Chanhassen is generally considered a safe community with crime rates significantly lower than the national average and regional urban centers.
The area is served by highly-rated public schools within the Eastern Carver County Schools district, known for strong academic performance and extracurricular programs.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risks primarily localized to areas near lakes and wetlands.
The area benefits from proximity to major corporate headquarters in the southwest Twin Cities metro and steady residential development, maintaining a suburban-growth trajectory.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute by car to employment hubs in Eden Prairie, Minnetonka, and downtown Minneapolis via Highway 212 and I-494.
The ZIP features extensive access to the Minnesota Landscape Arboretum, numerous city parks, and recreational lakes like Lake Ann and Lake Susan.
The rental market is characterized by moderate demand with a mix of apartment complexes and single-family rentals, though vacancy pressure remains low due to high local desirability.
The local economy is anchored by a mix of corporate headquarters, technology firms, and retail, benefiting from the broader southwest metro economic corridor.
Transportation is heavily reliant on private vehicles, with Highway 212 serving as the primary arterial route for regional connectivity.
Development is focused on sustainable suburban growth, with recent approvals for mixed-use residential and commercial projects near the city center.
The Carver County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to Eastern Carver County Schools district taxes and various municipal utility service districts.
Property insurance premiums are stable, though homeowners should account for coverage related to severe weather and wind damage common in the region.
Data retrieved from data.census.gov ZCTA 55317 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.615.1 mi
- Valleyfair4.25.8 mi
- Great Wolf Lodge | Minnesota3.914.8 mi
- Nickelodeon Universe4.515.2 mi
- Slick City Action Park4.518.5 mi
- U.S. Bank Stadium4.617 mi
- Minneapolis Convention Center4.516.2 mi
- Canterbury Park4.54.9 mi
- The Armory4.716.8 mi
- Surly Brewing Co.4.519 mi
- Valleyfair4.25.8 mi
- Canterbury Park4.54.9 mi
- University of Minnesota Landscape Arboretum4.83.5 mi
- AMC Southdale 163.911.3 mi
- Emagine Willow Creek4.611.8 mi
- Minneapolis Institute of Art4.815.8 mi
- University of Minnesota Landscape Arboretum4.83.5 mi
- Walker Art Center4.515.5 mi
- Historic Stone Arch Bridge4.817.4 mi
- Paisley Park4.81.4 mi
- University of Minnesota Landscape Arboretum4.83.5 mi
- Centennial Lakes Park4.711.1 mi
- Edinborough Park4.611.3 mi
- Westwood Hills Nature Center4.811.7 mi
- Hyland Lake Park Reserve4.78.6 mi
- Wayzata Yacht Club4.88.9 mi
- Watergate Marina4.519.1 mi
- Howard's Point Marina4.65.8 mi
- Knotty Oar Marina4.710.2 mi
- Metro Lakes Marina & Rentals LLC.4.58.1 mi
- Braemar Golf Course4.48.4 mi
- Brookview Golf Course and Lawn Bowling4.212.2 mi
- Stonebrooke Golf Club4.36.5 mi
- Hazeltine National Golf Club4.72 mi
- The Wilds Golf Club4.48.6 mi
- Ridgedale Center4.410.3 mi
- Asia Mall4.35.9 mi
- Southdale Center4.211.4 mi
- Eden Prairie Center4.46.3 mi
- Galleria4.511.3 mi
- Minneapolis-Saint Paul International Airport4.416.7 mi
- Shoyu3.716.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A world-renowned botanical garden and research facility.
Features a beach, trails, and picnic areas.
A major regional cultural anchor and dining destination.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).