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City · 26,006 residents · Carver County, Minnesota

Chanhassen , Minnesota

In Chanhassen, a typical home is worth $566,300 and typical rent is $1,831 a month. Compared with all of Carver County, the typical home value is 25% higher and typical rent is 21% higher.

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  • Typical home value

    $566,300

    25% above the county

    72% above Minnesota

    • Chanhassen
    • Carver
    • Minnesota

  • Typical rent

    $1,831a month

    21% above the county

    43% above Minnesota

    • Chanhassen
    • Carver
    • Minnesota

  • Typical household income

    $143,651a year

    14% above the county

    61% above Minnesota

    • Chanhassen
    • Carver
    • Minnesota

  • Households that own their home

    84%

    3 points above the county

    12 points above Minnesota

    • Chanhassen
    • Carver
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$564,386
2.9% more than 12 months ago
Typical rent
$2,209 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Chanhassen 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

Data updated: October 1, 2026 11 official sources

Only here

What sets Chanhassen apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Shakopee, the typical home value is $374,800: 34% less than in Chanhassen ($566,300).

  2. The typical home in Chanhassen is worth $566,300, 25% more than in Carver County as a whole ($453,600).

  3. Nearby, in Shakopee, the typical rent is $1,531: 16% less than in Chanhassen ($1,831).

  4. The typical rent in Chanhassen is $1,831 a month, 21% more than in Carver County as a whole ($1,514).

  5. Chanhassen has the 12th highest typical household income of the 152 cities in Minnesota with more than 5,000 people ($143,651).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Chanhassen

What homes there are in Chanhassen, 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 houses are the majority in Chanhassen (68%), but less so than in Carver County (72%).

Year built

In Chanhassen, half of the homes were built before 1994; in Carver County, before 1996.

Much as in Carver County, 76% of homes in Chanhassen have 3 bedrooms or more.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,753 a month

Carver County: $2,504 a month

Without a mortgage

$931 a month

Carver County: $841 a month

Owners with a mortgage

73%

Carver County: 71%

The typical cost for an owner with a mortgage in Chanhassen is $2,753 a month, more than in Carver County ($2,504); without one, $931.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Chanhassen rose 49%; in Carver County, it rose 45%.

Rents in Chanhassen rose at about the same pace as in Carver County: 33% since 2015–2019, against 32%.

The typical household income in Chanhassen rose 16%: less than home values (+49%) and rent (+33%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureChanhassenCarver CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimate1.1%2.3%3.4%
People per household 2.652.652.432.53
Drive alone 63%68%69%69%
Carpool 6%6%8%9%
Public transit Unreliable estimate1%2%3%
Walk or bike 1%1%3%3%
Work from home 30%24%18%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Chanhassen has 2.65 people on average, about the same as in Carver County (2.65).

In Chanhassen, 30% of workers work from home, more than in Carver County (24%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Chanhassen?

A typical home costs more than the typical income allows

We start with a typical home in Chanhassen, worth $566,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 39% of the typical household income in Chanhassen, which is $143,651 a year. For that payment to be 28% of income, a household would need to earn about $201,496 a year.

The calculator's FHA and conventional loan limits are those of all of Carver County.

Your numbers

Local data
$

Starts at the typical home value in Chanhassen. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $19,821 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,702

at 7.18% · 30 years

Loan amount
$556,042
Total interest
$800,015
Paid off in
November 2056

Includes $9,563 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,352 a month

  • Tight

    $3,352 to $4,310 a month

  • Hard

    more than $4,310 a month

    Your payment · 39%

Compared with the typical household income in Chanhassen ($143,651 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,702
Principal & interest$3,767
Property tax$448
Home insurance$236
FHA mortgage insurance (MIP)$250

You need at least $19,821 for the down payment, plus closing costs.

Next step

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.

The city and its county

Chanhassen and Carver County

Chanhassen 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).

Chanhassen's own numbers

Typical home value
$566,300
Typical monthly rent
$1,831
Typical yearly household income
$143,651
Households that own their home
84%
Effective property tax rate
0.95%

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.

Everything about Carver County

Buying

Buying a home in Chanhassen

A typical home in Chanhassen is worth $566,300: 25% above the county and 72% above Minnesota. With the typical household income in Chanhassen ($143,651 a year), a typical home costs 3.9 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.

  • Chanhassen 3.9 years
  • Carver 3.6 years
  • Minnesota 3.7 years
  • United States 4.1 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.

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

Chanhassen 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
  • Chanhassen $566,300
  • Carver $453,600
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Chanhassen $1,831
  • Carver $1,514
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Chanhassen $143,651
  • Carver $125,946
  • Minnesota $89,062
  • United States $80,734
See the full table
Chanhassen next to Carver County and Minnesota
Measure Chanhassen Carver County Minnesota U.S.
Typical home value $566,300 $453,600 $329,300 $332,700
Typical monthly rent $1,831 $1,514 $1,280 $1,413
Typical yearly household income $143,651 $125,946 $89,062 $80,734
Households that own their home 84% 81% 72% 65%
Typical yearly property tax $5,383 $4,501 $3,357 $3,119
Effective property tax rate 0.95% 0.99% 1.02% 0.94%
Renters with high rent for their income 48% 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 Chanhassen

For a typical $566,300 home in Chanhassen, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Chanhassen's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,702a month

    Above the FHA limit for Carver County ($552,000)
    Down payment
    $19,821
    Cash to close
    $36,810
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $250

  • Conventional, 5% down $4,598a month

    Least cash to close
    Down payment
    $28,315
    Cash to close
    $45,304
    Rate
    7.18%
    Mortgage insurance
    PMI · $269

  • Conventional, 20% down, no PMI $3,753a month

    Down payment
    $113,260
    Cash to close
    $130,249
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,277a month

    Down payment
    $84,945
    Cash to close
    $101,934
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Chanhassen and for Carver County.

Property tax

Effective rate in Chanhassen

0.95%of the home’s value each year

$5,383 a year for the typical owner in Chanhassen.

  • Chanhassen 0.95%
  • Carver 0.99%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Carver County

FEMA does not publish these numbers by city: they are for all of Carver County.

Homes in the high-risk zone
0.3%
124
Of those, with NFIP insurance
21%
County Minnesota U.S.
Homes in the high-risk zone 0.3% 0.7% 3.5%
Of those, with NFIP insurance 21% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Chanhassen

Typical rent in Chanhassen is $1,831 a month: 21% above the county. In Chanhassen, 48% 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.

HUD fair market rent for all of Carver County

What you need to earn to pay it without spending more than 30% of income, working full time.

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 Chanhassen

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Chanhassen has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,790 in 55318 to $2,140 in 55317.

2 of the 2 are above the fair market rent for Carver County ($1,734).

  • 55317 $2,140$2,790
  • 55318 $1,790$2,340

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Chanhassen 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Chanhassen

HUD lists one building with rents for lower incomes in Chanhassen.

  • Gateway Place 721 Lake Susan Dr, Chanhassen 55317 48 homes, 47 low-income · 1 bd: 4 · 2 bd: 27 · 3 bd: 17 · In service since 2007

See all 19 buildings in Carver County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Chanhassen

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.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Chanhassen

No down payment, repair or rent-help program on our list is for Chanhassen or Carver County. The ones below are statewide in Minnesota: they work in Chanhassen the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    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).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    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).

    Repayable

    See the program Official page

Housing counselors near Chanhassen

The HUD-approved agencies closest to the center of Chanhassen, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Scott County Community Development Agency

    100 5th Ave E, Shakopee · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (952) 402-9022

  • Build Wealth Minnesota, Inc

    2121 Plymouth Ave N, Minneapolis · 16 miles away · Spanish

    Also serves in Cambodian and French.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (612) 877-4182

  • Lutheran Social Service of Minnesota

    2400 Park Avenue, Minneapolis · 17 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

All counseling agencies in Minnesota

Help in Spanish near Chanhassen

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Chanhassen

HUD’s record names them for Chanhassen or Carver County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Minnesota Source: HUD

Cities

Other cities in Carver County

These cities are also in Carver County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Carver County Housing in Minnesota

Nearby cities

The cities closest to Chanhassen, with the typical home value.

Neighboring counties

If Carver County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Chanhassen.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Chanhassen

Short answers with the numbers for Chanhassen 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 Chanhassen?

The typical home value in Chanhassen is $566,300, 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 Chanhassen?

Typical rent in Chanhassen is $1,831 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 Chanhassen?

Chanhassen 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 Chanhassen?

The typical homeowner in Chanhassen pays $5,383 a year, according to the U.S. Census Bureau. That is 0.95% of the home’s value; in Carver County, the rate is 0.99%.

Where can I find free help to buy or rent in Chanhassen?

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.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).