The story of this market
The typical home in ZIP 55387 sells for about $550,000, or $225 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $1,330 a month.
ZIP 55387 — Waconia
The Waconia housing market shows resilience with steady year-over-year price growth and a healthy balance of inventory. Demand remains supported by the area's strong school district and quality of life, though higher interest rates continue to influence buyer activity.
This ZIP is ideal for families seeking a suburban lifestyle with high-quality schools, as well as commuters who prefer a quieter, lake-adjacent environment over the dense urban core.
Median prices moved up 3.2% year over year.
Homes spend a median of 37 days on market with 4.9 months of supply — a fast-moving market.
28% 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 4.3% · poverty 3.9% — 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 5.6%/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 5.3%/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 55387, 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.
Waconia generally reports low crime rates, consistent with its status as a safe, family-oriented suburban community in the Twin Cities exurbs.
The area is served by the Waconia Public School District, which is highly regarded for its academic performance and community-focused programming.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is localized near Lake Waconia.
Economic momentum is driven by local manufacturing, healthcare services, and steady residential expansion as the Twin Cities metro area pushes westward.
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 typically drive to the Twin Cities employment core via Highway 5, with average commute times reflecting the exurban distance.
The area features extensive access to Lake Waconia for boating and fishing, numerous city parks, and the nearby Carver Park Reserve for hiking and nature trails.
The rental market is characterized by low vacancy rates and consistent demand, with limited new multi-family supply keeping upward pressure on rents.
The local economy is anchored by manufacturing, healthcare, and retail, with many residents commuting to the broader Minneapolis-St. Paul metro area.
Transportation is primarily auto-dependent, relying on Highway 5 and Highway 284 for regional connectivity.
Development is focused on managed residential growth and infrastructure upgrades to support the expanding population.
Carver County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to Waconia Public School District levies and various county-level service districts.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Minnesota.
Minnesota continues to see modest net domestic migration, with suburban areas like Carver County attracting families from the urban core.
Minnesota is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a comprehensive disclosure statement regarding the condition of the property.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Valleyfair4.215.7 mi
- Urban Air Trampoline and Adventure Park3.918 mi
- Sky Zone Trampoline Park419.7 mi
- Scream Town4.65.3 mi
- Pump It Up Eden Prairie Kids Birthdays and More4.517.9 mi
- Canterbury Park4.514.2 mi
- Chanhassen Dinner Theatres4.711.3 mi
- Minnesota Renaissance Festival4.510.9 mi
- Paisley Park4.810 mi
- Eden Prairie Community Center4.613.6 mi
- University of Minnesota Landscape Arboretum4.87.3 mi
- Paisley Park4.810 mi
- Shakopee Bowl4.410.8 mi
- Schram Vineyards Winery, Brewery & Restaurant4.61 mi
- Gale Woods Farm4.86.5 mi
- University of Minnesota Landscape Arboretum4.87.3 mi
- Paisley Park4.810 mi
- Big Stone Mini Golf4.86.3 mi
- Hopkins Center For the Arts4.718 mi
- Parley Lake Winery4.52.5 mi
- University of Minnesota Landscape Arboretum4.87.3 mi
- Lowry Nature Center in Carver Park Reserve4.94.7 mi
- Lake Ann Park4.610.2 mi
- Lake Minnewashta Regional Park4.78.7 mi
- Carver Park Reserve4.84.2 mi
- Wayzata Yacht Club4.815.3 mi
- Howard's Point Marina4.67.9 mi
- Metro Lakes Marina & Rentals LLC.4.58.6 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.710.6 mi
- Knotty Oar Marina4.718.3 mi
- Hazeltine National Golf Club4.78.5 mi
- Chaska Town Course4.66.6 mi
- Bluff Creek Golf Course3.910.8 mi
- Bearpath Golf & Country Club4.612.6 mi
- Pioneer Creek Golf Course4.110.1 mi
- Hy-Vee Grocery Store4.412 mi
- Fleet Farm4.27.1 mi
- Lakewinds Food Co-op4.711.4 mi
- Kowalski's Markets4.610.3 mi
- Kohl's4.28.1 mi
- Minneapolis-Saint Paul International Airport4.427 mi
- Shoyu3.727.1 mi
- Mimosa327.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional lake offering boating, fishing, and public beach access.
Large regional park with extensive trails, nature centers, and wildlife viewing.
Private golf course located on the shores of Lake Waconia.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).