The story of this market
The typical home in ZIP 55390 sells for about $469,719, or $205 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,281 a month.
ZIP 55390 — Waverly
The Waconia housing market shows steady growth with a 3.2% year-over-year increase in median home prices. Demand remains resilient, supported by low inventory levels and the area's appeal to families, though higher interest rates have moderated the pace of sales compared to previous years.
This ZIP is ideal for families seeking a suburban lifestyle with high-quality schools and outdoor amenities, as well as commuters who prioritize a small-town atmosphere over proximity to the city center.
Median prices moved up 3.2% year over year.
Homes spend a median of 28 days on market with 4.2 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 3.2% · poverty 10.3% — 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 6.6%/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 6.7%/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 maintains a low crime rate significantly below the national average, with property and violent crime incidents remaining infrequent and stable.
The area is served by the highly-rated Waconia Public School District, which is frequently recognized for strong academic performance and student support services.
The region faces moderate risks related to severe summer storms and winter weather, with standard flood insurance requirements for properties located near Lake Waconia.
Economic momentum is driven by local manufacturing, healthcare, and retail expansion, supported by ongoing residential development projects on the city's periphery.
Property taxes are assessed by Carver County based on market value, with additional levies for school district operations and municipal infrastructure maintenance.
Commuters typically face a 40-50 minute drive to the Minneapolis-St. Paul employment core via Highway 5 or Highway 212.
The area features extensive access to Lake Waconia for boating, the Waconia Regional Park, and numerous local golf courses and community trails.
The rental market is characterized by low vacancy rates and steady demand, with limited new multi-family supply keeping upward pressure on rents.
The local economy is anchored by manufacturing, healthcare services, and a robust retail sector serving the surrounding Carver County area.
Transportation is primarily auto-dependent, with Highway 5 serving as the main arterial route connecting the city to the broader Twin Cities metro area.
The city is currently focused on expanding residential infrastructure and improving commercial zoning along the Highway 5 corridor.
The Carver County Assessor's office conducts annual market value assessments to determine property tax liability.
Parcels are subject to Waconia Public School District levies and various municipal utility district assessments.
Property insurance premiums are stable but reflect regional risks associated with severe weather and wind damage.
Data retrieved from data.census.gov using ZCTA 55387 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.
A major regional lake offering boating, fishing, and public beach access.
Large park facility with trails, picnic areas, and lake access.
Private 18-hole course located on the shores of Lake Waconia.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.