The story of this market
The typical home in ZIP 55395 sells for about $539,885, or $204 per square foot.
Prices are up +14.3% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $839 a month.
ZIP 55395 — Watertown
The Waconia housing market shows resilience with a median sale price of approximately $540,000, reflecting a 14.3% year-over-year increase. While inventory remains tight, the market is active, driven by demand for suburban family homes and the area's high quality of life.
Waconia is ideal for families and professionals seeking a suburban lifestyle with access to lake amenities and a strong sense of community, while still being within commuting distance of the Twin Cities.
Median prices moved up 14.3% year over year.
Homes spend a median of 85 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 10.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
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 experiences low crime rates, consistent with its status as a safe, family-oriented suburban community in the Twin Cities exurbs.
The area is served by Waconia Public Schools, which are generally well-regarded and maintain high academic performance standards within the region.
The area faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with localized flood risks near Lake Waconia.
Waconia serves as a growing residential hub with a mix of historic downtown charm and modern suburban development, supported by its proximity to the Twin Cities metro area.
Property taxes are assessed by Carver County based on market value, with rates influenced by local school district levies and municipal service requirements.
Residents primarily commute by car to the Twin Cities employment core, with typical drive times ranging from 30 to 45 minutes depending on traffic.
The city is a water recreation hub centered on Lake Waconia, featuring extensive park systems, community playgrounds, and local shopping districts.
The rental market is characterized by moderate demand and limited inventory, with a mix of single-family rentals and newer multi-family developments.
The local economy is supported by a mix of retail, healthcare, and manufacturing, with many residents commuting to the broader Minneapolis-St. Paul metropolitan area.
Transportation is primarily highway-dependent, with Highway 5 serving as the main corridor connecting the city to the regional transit network.
Ongoing residential development continues on the city's periphery, focusing on single-family housing and modern farmhouse-style communities.
Carver County Assessor manages property valuations, utilizing annual market analysis to determine taxable values for residential parcels.
Parcels are subject to Carver County taxes, Waconia Public Schools levies, and municipal utility district assessments.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common in the Upper Midwest.
Data retrieved from census.gov ZCTA profiles.
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.
- Deer Lake Orchard4.614.1 mi
- Delano Central Park4.614.9 mi
- Lola's Lakehouse4.415.6 mi
- Schram Vineyards Winery, Brewery & Restaurant4.617.4 mi
- Sovereign Estate Winery4.414.7 mi
- Crow River Winery4.612 mi
- Wright County Fairgrounds4.67.6 mi
- Baylor Regional Park4.411.7 mi
- Big Stone Mini Golf4.817.6 mi
- Minnesota's Largest Ball Of Twine4.619.5 mi
- Parley Lake Winery4.517.3 mi
- Wheel and Cog Children's Museum of Hutchinson4.716.4 mi
- Dassel History Center and Ergot Museum4.815 mi
- Baylor Regional Park4.411.7 mi
- Cokato Lake RV Resort4.511.5 mi
- In Towne Marina4.715.4 mi
- Shadowbrooke Golf Course4.53.4 mi
- B's On the River4.411.5 mi
- Dollar General4.110.3 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 hub for boating, fishing, and water recreation.
Provides public access to the lake with picnic areas and trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.