In Carver, a typical home is worth $445,800 and typical rent is $1,379 a month. Compared with all of Carver County, typical household income is 17% higher, typical rent is 9% lower, and the share of households that own their home is 12 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $450,585 to $501,296.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Carver is in Carver County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Carver County. See the county
What this place has that others do not, from public data, most unusual first.
1
Carver has the largest share of rent-burdened renters of the 139 cities in Minnesota with more than 5,000 people: 84%.
2
Nearby, in Jordan, the typical home value is $336,200: 25% less than in Carver ($445,800).
3
Carver has the 10th highest homeownership rate of the 152 cities in Minnesota with more than 5,000 people (93%).
4
The typical household income in Carver is $147,697,17% more than in Carver County as a whole ($125,946).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Carver
What homes there are in Carver, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Carver
Carver County
Minnesota
United States
Kind of home: Carver and its comparisons
Measure
Carver
Carver County
Minnesota
United States
Detached house
81%
72%
66%
61%
Attached house
12%
14%
7%
6%
Building of 2 to 4
Unreliable estimate
2%
4%
8%
Apartments (5 or more)
Unreliable estimate
11%
19%
19%
Mobile home
Unreliable estimate
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Carver: 81% of homes, more than in Carver County (72%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Carver
Carver County
Minnesota
United States
Year built: Carver and its comparisons
Measure
Carver
Carver County
Minnesota
United States
Before 1960
Unreliable estimate
11%
29%
26%
1960–1979
Unreliable estimate
14%
23%
24%
1980–1999
11%
32%
24%
25%
2000–2009
31%
23%
13%
14%
2010 or later
40%
20%
10%
11%
Homes in Carver are newer: the typical year built is 2007; in Carver County, 1996.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K47%
$500K–$750K30%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Carver and its comparisons
Measure
Carver
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
47%
$500K–$750K
30%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Carver and its comparisons
Measure
Carver
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$2,623 a month
Carver County: $2,504 a month
Without a mortgage
$624 a month
Carver County: $841 a month
Owners with a mortgage
75%
Carver County: 71%
The typical cost for an owner with a mortgage in Carver is $2,623 a month, near the figure in Carver County ($2,504).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Carver+32%
Carver County+45%
Minnesota+47%
United States+53%
Typical rent
Carver−43%
Carver County+32%
Minnesota+31%
United States+33%
Typical household income
Carver+29%
Carver County+24%
Minnesota+25%
United States+29%
Change since 2015–2019: Carver and its comparisons
Measure
Carver
Carver County
Minnesota
United States
Typical home value
+32%
+45%
+47%
+53%
Typical rent
−43%
+32%
+31%
+33%
Typical household income
+29%
+24%
+25%
+29%
The typical home value in Carver rose 32% since 2015–2019, less than in Carver County (45%).
The typical rent in Carver fell 43% from 2015–2019 to 2020–2024; in Carver County, it rose 32%.
To compare: typical income in Carver rose 29%; the home, +32%; the rent, −43%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Carver and its comparisons
Measure
Carver
Carver County
Minnesota
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.3%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.6%
0.9%
More than one person per room
Unreliable estimate
1.1%
2.3%
3.4%
People per household
3.00
2.65
2.43
2.53
Drive alone
72%
68%
69%
69%
Carpool
Unreliable estimate
6%
8%
9%
Public transit
Unreliable estimate
1%
2%
3%
Walk or bike
Unreliable estimate
1%
3%
3%
Work from home
24%
24%
18%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Carver are bigger: 3.00 people on average; in Carver County, 2.65.
In Carver, 72% of workers drive alone to work; in Carver County, 68%.
Do the math
What would you pay each month for a home in Carver?
A typical home is tight for the typical income
We start with a typical home in Carver, worth $445,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Carver, which is $147,697 a year. For that payment to be 28% of income, a household would need to earn about $160,213 a year.
The calculator's FHA and conventional loan limits are those of all of Carver County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Carver. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $15,603 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,738
at 7.18% · 30 years
Loan amount
$437,725
Total interest
$629,784
Paid off in
November 2056
Includes $7,528 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $3,446 a month
Tight
$3,446 to $4,431 a month
Your payment · 30%
Hard
more than $4,431 a month
Compared with the typical household income in Carver ($147,697 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,965
Property tax
$390
Home insurance
$186
FHA mortgage insurance (MIP)
$197
You need at least $15,603 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,738; principal and interest $2,965.
The city and its county
Carver and Carver County
Carver is in Carver County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Carver
Map of Carver County, Minnesota, with Carver marked. Around it, the neighboring counties.
Carver
Carver County
Other cities with a page
Carver's own numbers
Typical home value
$445,800
Typical monthly rent
$1,379
Typical yearly household income
$147,697
Households that own their home
93%
Effective property tax rate
1.05%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Carver County
FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
0.3%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Carver County.
A typical home in Carver is worth $445,800: about the same as the county and 35% above Minnesota. With the typical household income in Carver ($147,697 a year), a typical home costs 3.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Carver3.0 years
County3.6 years
Minnesota3.7 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Carver County
According to FHFA’s house price index, home prices in Carver County rose 66% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Carver County.
Yearly change in FHFA’s price index in Carver County, 2016 to 2025
2016: +4.1% +4.1% 2016
2017: +5.5% +5.5% 2017
2018: +5.2% +5.2% 2018
2019: +3.2% +3.2% 2019
2020: +2.3% +2.3% 2020
2021: +9.5% +9.5% 2021
2022: +12.9% +12.9% 2022
2023: +3.4% +3.4% 2023
2024: +2.6% +2.6% 2024
2025: +3.8% +3.8% 2025
Change in FHFA’s price index in Carver County, Minnesota and the United States
Period
County
Minnesota
U.S.
Last year (2025)
+3.8%
+2.8%
+2.9%
5 years (2020–2025)
+36%
+37%
+47%
10 years (2015–2025)
+66%
+71%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Carver next to Carver County, Minnesota and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Carver$445,800
County$453,600
Minnesota$329,300
United States$332,700
Typical monthly rent
Carver$1,379
County$1,514
Minnesota$1,280
United States$1,413
Typical yearly household income
Carver$147,697
County$125,946
Minnesota$89,062
United States$80,734
See the full table
Carver next to Carver County and Minnesota
Measure
Carver
Carver County
Minnesota
U.S.
Typical home value
$445,800
$453,600
$329,300
$332,700
Typical monthly rent
$1,379 ▼9% below the county
$1,514
$1,280
$1,413
Typical yearly household income
$147,697 ▲17% above the county
$125,946
$89,062
$80,734
Households that own their home
93% ▲12 points above the county
81%
72%
65%
Typical yearly property tax
$4,680 ▲4% above the county
$4,501
$3,357
$3,119
Effective property tax rate
1.05% ▲0.06 points above the county
0.99%
1.02%
0.94%
Renters with high rent for their income
84% ▲41 points above the county
43%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Carver County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Carver
For a typical $445,800 home in Carver, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Carver's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,738a month
Least cash to close
Down payment
$15,603
Cash to close
$28,977
Rate
7.18%
Mortgage insurance
FHA MIP · $197
Conventional, 5% down$3,657a month
Down payment
$22,290
Cash to close
$35,664
Rate
7.18%
Mortgage insurance
PMI · $212
Conventional, 20% down, no PMI$2,992a month
Down payment
$89,160
Cash to close
$102,534
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,404a month
Down payment
$66,870
Cash to close
$80,244
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Carver
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,738
$15,603
$437,725
7.18%
FHA MIP · $197
$28,977
580
Conventional, 5% down
$3,657
$22,290
$423,510
7.18%
PMI · $212
$35,664
620*
Conventional, 20% down, no PMI
$2,992
$89,160
$356,640
7.18%
None
$102,534
620*
ITIN, 15% down (example)
$3,404
$66,870
$378,930
8.18%
None
$80,244
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Carver is $1,379 a month: 9% below the county. In Carver, 84% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Carver County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Carver County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,265
$24.33
$50,600
1 bedroom
$1,427
$27.44
$57,080
2 bedrooms
$1,734
$33.35
$69,360
3 bedrooms
$2,264
$43.54
$90,560
4 bedrooms
$2,538
$48.81
$101,520
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Carver
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Carver has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,730 in 55315 to $1,790 in 55318.
1 of the 2 is above the fair market rent for Carver County ($1,734).
Fair market rent by ZIP code and size in Carver, fiscal year 2027.
55315
$1,260
$1,420
$1,730
$2,260
$2,530
55318
$1,310
$1,470
$1,790
$2,340
$2,620
ZIP code2 bd3 bd
55315 $1,730$2,260
55318 $1,790$2,340
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Carver when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Carver County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Carver or Carver County. The ones below are statewide in Minnesota: they work in Carver the same as in the rest of the state.
Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up.Offered by Minnesota Housing (Minnesota Housing Finance Agency).
No legal help resource on our list is for Carver or Carver County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Carver and all of Carver County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Carver?
The typical home value in Carver is $445,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Carver County it is $453,600.
How much does it cost to rent in Carver?
Typical rent in Carver is $1,379 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Carver County is $1,734.
What is the FHA loan limit in Carver?
Carver uses the FHA limit for all of Carver County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.
How much property tax do owners pay in Carver?
The typical homeowner in Carver pays $4,680 a year, according to the U.S. Census Bureau. That is 1.05% of the home’s value; in Carver County, the rate is 0.99%.
Where can I find free help to buy or rent in Carver?
We found no HUD-approved counseling agencies with an office in Carver County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
