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City · 28,706 residents · Carver County, Minnesota

Chaska , Minnesota

In Chaska, a typical home is worth $404,700 and typical rent is $1,553 a month. Compared with all of Carver County, typical household income is 12% lower, the typical home value is 11% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $404,700

    11% below the county

    23% above Minnesota

    • Chaska
    • Carver
    • Minnesota

  • Typical rent

    $1,553a month

    3% above the county

    21% above Minnesota

    • Chaska
    • Carver
    • Minnesota

  • Typical household income

    $110,956a year

    12% below the county

    25% above Minnesota

    • Chaska
    • Carver
    • Minnesota

  • Households that own their home

    68%

    14 points below the county

    5 points below Minnesota

    • Chaska
    • Carver
    • Minnesota

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

Market now, with Zillow data

Zillow data
Typical home value
$481,730
2.7% more than 12 months ago
Typical rent
$1,828 a month
2.2% more than 12 months ago

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

Chaska 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 Chaska apart

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

  1. 68% of households in Chaska own their home, against 81% in Carver County.

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

The homes here

Housing in Chaska

What homes there are in Chaska, 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

In Chaska, 6 in 10 homes are single-family detached houses; in Carver County, 7.

Mobile homes are 5% of homes in Chaska, more than in Carver County (2%).

Year built

The typical year built in Chaska is 1996, about the same as in Carver County (1996).

There are fewer big homes in Chaska than in Carver County: 69% have 3 bedrooms or more, against 77%.

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

By price, most homes in Chaska sit under the FHA limit for Carver County ($552,000): about 69%.

Monthly rent with utilities

With a mortgage

$2,504 a month

Carver County: $2,504 a month

Without a mortgage

$786 a month

Carver County: $841 a month

Owners with a mortgage

72%

Carver County: 71%

In Chaska, 72% of owners have a mortgage; their typical cost is $2,504 a month, about the same as in Carver County.

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

The typical home value in Chaska rose 52% since 2015–2019, more than in Carver County (45%).

Much as in Carver County, the typical rent in Chaska rose 32% since 2015–2019.

While home values in Chaska changed +52% and rent +32%, the typical household income rose 30%.

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

MeasureChaskaCarver 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 2.582.652.432.53
Drive alone 68%68%69%69%
Carpool 9%6%8%9%
Public transit Unreliable estimate1%2%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 20%24%18%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Chaska look like those in Carver County: 2.58 people on average.

Carpooling is common in Chaska: 9% of workers get to work that way, against 6% in Carver County.

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 Chaska?

A typical home costs more than the typical income allows

We start with a typical home in Chaska, worth $404,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Chaska, which is $110,956 a year. For that payment to be 28% of income, a household would need to earn about $145,298 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 Chaska. 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 $14,165 (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

$3,390

at 7.18% · 30 years

Loan amount
$397,369
Total interest
$571,721
Paid off in
November 2056

Includes $6,834 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,589 a month

  • Tight

    $2,589 to $3,329 a month

  • Hard

    more than $3,329 a month

    Your payment · 37%

Compared with the typical household income in Chaska ($110,956 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,390
Principal & interest$2,692
Property tax$351
Home insurance$169
FHA mortgage insurance (MIP)$179

You need at least $14,165 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

Chaska and Carver County

Chaska 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).

Chaska's own numbers

Typical home value
$404,700
Typical monthly rent
$1,553
Typical yearly household income
$110,956
Households that own their home
68%
Effective property tax rate
1.04%

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 Chaska

A typical home in Chaska is worth $404,700: 11% below the county and 23% above Minnesota. With the typical household income in Chaska ($110,956 a year), a typical home costs 3.6 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.

  • Chaska 3.6 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

Chaska 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
  • Chaska $404,700
  • Carver $453,600
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Chaska $1,553
  • Carver $1,514
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Chaska $110,956
  • Carver $125,946
  • Minnesota $89,062
  • United States $80,734
See the full table
Chaska next to Carver County and Minnesota
Measure Chaska Carver County Minnesota U.S.
Typical home value $404,700 $453,600 $329,300 $332,700
Typical monthly rent $1,553 $1,514 $1,280 $1,413
Typical yearly household income $110,956 $125,946 $89,062 $80,734
Households that own their home 68% 81% 72% 65%
Typical yearly property tax $4,194 $4,501 $3,357 $3,119
Effective property tax rate 1.04% 0.99% 1.02% 0.94%
Renters with high rent for their income 42% 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 Chaska

For a typical $404,700 home in Chaska, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Chaska's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,390a month

    Least cash to close
    Down payment
    $14,165
    Cash to close
    $26,306
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $179

  • Conventional, 5% down $3,316a month

    Down payment
    $20,235
    Cash to close
    $32,376
    Rate
    7.18%
    Mortgage insurance
    PMI · $192

  • Conventional, 20% down, no PMI $2,713a month

    Down payment
    $80,940
    Cash to close
    $93,081
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,087a month

    Down payment
    $60,705
    Cash to close
    $72,846
    Rate
    8.18%
    Mortgage insurance
    None

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.

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 Chaska and for Carver County.

Property tax

Effective rate in Chaska

1.04%of the home’s value each year

$4,194 a year for the typical owner in Chaska.

  • Chaska 1.04%
  • 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 Chaska

Typical rent in Chaska is $1,553 a month: 3% above the county. In Chaska, 42% 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 Chaska

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Chaska is in ZIP code 55318.

For 2 bedrooms it is $1,790: $56 more than the fair market rent for Carver County ($1,734).

  • 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 Chaska 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 Chaska

HUD lists 12 buildings with rents for lower incomes in Chaska. These are the largest.

  • Waybury Apartments 110340 Geske Rd, Chaska 55318 114 low-income homes · For older adults (952) 448-5022
  • Carver Ridge Townhomes (fka Northcreek Townhomes) Multiple Building Addresses, Chaska 55318 92 homes, 82 low-income · 1 bd: 5 · 2 bd: 77 · 3 bd: 10 · In service since 2000
  • Clover Field Marketplace (fka the Sinclair) 2910 Hemingway Dr, Chaska 55318 117 homes, 59 low-income · Studio: 1 · 1 bd: 30 · 2 bd: 58 · 3 bd: 28 · In service since 2009 · For families, people experiencing homelessness
  • Chaska Manor, Inc. 407 Oak St N, Chaska 55318 59 low-income homes · For older adults (952) 361-0310
  • The Landings 105 E 1st St, Chaska 55318 54 low-income homes · For older adults

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

Free help

Help to buy or rent in Chaska

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.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Chaska

No down payment, repair or rent-help program on our list is for Chaska or Carver County. The ones below are statewide in Minnesota: they work in Chaska 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 Chaska

The HUD-approved agencies closest to the center of Chaska, 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 · 19 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 · 20 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 Chaska

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 Chaska

HUD’s record names them for Chaska 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 Chaska, 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 Chaska.

All guides
A man and two girls read a book together on the sofa.

Questions

Housing questions about Chaska

Short answers with the numbers for Chaska 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 Chaska?

The typical home value in Chaska is $404,700, 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 Chaska?

Typical rent in Chaska is $1,553 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 Chaska?

Chaska 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 Chaska?

The typical homeowner in Chaska pays $4,194 a year, according to the U.S. Census Bureau. That is 1.04% of the home’s value; in Carver County, the rate is 0.99%.

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

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).