The story of this market
The typical home in ZIP 55318 sells for about $389,200, or $195 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $1,555 a month.
ZIP 55318 — Chaska
The 55318 housing market remains stable with moderate price appreciation and consistent demand from family buyers. Low inventory levels continue to support pricing, though the pace of sales has normalized compared to previous years. Some specific figures like active listings and price cuts are based on current portal data, while others are derived from the most recent census and tax records.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools, ample outdoor recreation, and a manageable commute to the Twin Cities metro area.
Median prices moved up 2.5% year over year.
Homes spend a median of 30 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 5.6% — 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 5.3%/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 5.4%/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 55318, Carver County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Chaska/Chanhassen area are generally low, with property and violent crime incidents consistently trending below the national and regional averages.
The area is served by highly-rated public school districts, including Eastern Carver County Schools, which are recognized for strong academic performance and college readiness.
The region faces moderate risks from severe thunderstorms and winter weather, with standard flood insurance requirements for properties located near the Minnesota River valley.
Economic momentum is driven by a mix of corporate headquarters and light industrial parks, with ongoing residential development projects expanding the housing stock in the Chaska and Chanhassen periphery.
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.
Commuters primarily utilize Highway 212 and Highway 41 to access the Minneapolis-St. Paul employment core, with typical drive times ranging from 30 to 45 minutes.
The area features extensive access to the Minnesota River Valley, numerous community parks, regional trails, and proximity to several golf courses and local shopping centers.
The rental market is characterized by moderate vacancy pressure and steady demand, with a mix of luxury apartment communities and single-family home rentals.
The local economy is anchored by manufacturing, healthcare, and professional services, with major employers including regional medical centers and corporate offices in the southwest metro.
Transportation is primarily highway-dependent, with Highway 212 serving as the main artery for regional connectivity.
Development is focused on infill residential projects and the expansion of commercial infrastructure along the Highway 41 corridor.
Carver County Assessor maintains a market-value assessment system with annual adjustments based on sales data.
Parcels are subject to Eastern Carver County School District levies and various municipal utility districts.
Property insurance premiums are stable, though coverage for wind and hail damage is a standard consideration for homeowners.
Minnesota has seen modest net domestic migration, with suburban areas like Carver County attracting families from the urban core.
Minnesota is a judicial foreclosure state with specific notice and redemption periods for homeowners.
Sellers are required to provide a comprehensive disclosure statement regarding the physical condition of the property.
Data retrieved from data.census.gov ZCTA 55318 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®4.619.8 mi
- Valleyfair4.29.5 mi
- Great Wolf Lodge | Minnesota3.919.5 mi
- Nickelodeon Universe4.519.8 mi
- Edinborough Park4.616.1 mi
- Canterbury Park4.57.9 mi
- Chanhassen Dinner Theatres4.76.3 mi
- Minnesota Renaissance Festival4.55.4 mi
- Centennial Lakes Park4.716 mi
- Paisley Park4.85.3 mi
- Valleyfair4.29.5 mi
- Canterbury Park4.57.9 mi
- University of Minnesota Landscape Arboretum4.83.7 mi
- Paisley Park4.85.3 mi
- AMC Eden Prairie Mall 184.111 mi
- University of Minnesota Landscape Arboretum4.83.7 mi
- Paisley Park4.85.3 mi
- Big Stone Mini Golf4.88.5 mi
- The Bakken Museum4.718 mi
- The Museum of Russian Art4.719 mi
- University of Minnesota Landscape Arboretum4.83.7 mi
- Bryant Lake Regional Park4.811.6 mi
- Miller Park4.68.1 mi
- Dred Scott Field,Bloomington MN4.512.5 mi
- Staring Lake Park4.78.9 mi
- Wayzata Yacht Club4.812.7 mi
- Howard's Point Marina4.66.6 mi
- Knotty Oar Marina4.712 mi
- Metro Lakes Marina & Rentals LLC.4.58.8 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.77.5 mi
- Stonebrooke Golf Club4.37.3 mi
- Hazeltine National Golf Club4.72.9 mi
- The Wilds Golf Club4.410.4 mi
- Chaska Town Course4.61.4 mi
- Ridges At Sand Creek4.412.3 mi
- Asia Mall4.310.8 mi
- Eden Prairie Center4.411.1 mi
- Hy-Vee Grocery Store4.45.6 mi
- Fleet Farm4.22.2 mi
- The Grocer's Table4.412.7 mi
- Minneapolis-Saint Paul International Airport4.421.6 mi
- Shoyu3.721.6 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.
A highly-rated public golf course serving the local community.
A central community hub featuring trails and event spaces.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).