Chanhassen, Minnesota.
Typical home $564,386 (+2.9% in a year), asking rent $2,209 . Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,435 (+94%) since Jan 2020.
- 1 year
- Up $16,059 +3%
- $548,328$564,386 since Sep 2025
- 5 years
- Up $64,475 +13%
- $499,911$564,386 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Chanhassen$2,962
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 29 years.
Typical home values in Chanhassen, MN rose 2.9% over the past year — faster than the nation's +1.2%.
Living in Chanhassen, Carver County, Minnesota
Chanhassen is a city of 25,947 people in Carver County. Half its households earn more than $143,651 a year and half less, against $125,946 across Carver County; 3% of its people live below the poverty line. 84% of its homes are lived in by their owners and 16% are rented. Unemployment in Chanhassen was 4.4% in August 2026, and Carver County had 0.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Chanhassen is a suburban city in Carver County where nearly all homes are lived in by their owners, and where household incomes run above the county's. Very few residents live below the poverty line, and most adults hold a four-year degree. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, in manufacturing, and in banks, insurance and property. Among the largest workplaces in Chanhassen are IWCO Chanhassen, a commercial printer, Emerson Automation Solutions, which makes controllers for industrial processes, and General Mills. Unemployment is a little higher than a year ago, and Carver County has slightly fewer jobs than it did the year before.
Things to do. Lake Minnetonka, a lake a short drive away, is the nearest of the well-known places to get out on the water. A longer drive brings the Minneapolis Institute of Art, a museum, and Target Field, a stadium. Many residents work from home, and the typical commute is a moderate one.
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- 9,780households
- 64%of adults have a degree
- 3%below the poverty line
- 22 mintypical commute
- 30%work from home
What residents work in
Employed residents by industry, from the Census survey. Carver County had 40,641 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 6°; warmest in July, with highs near 81° and lows near 62°. About 55 inches of snow and 33 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chanhassen Wsfo weather station, under a mile away (NOAA).
Largest workplaces in Chanhassen
- IWCO ChanhassenCommercial printing669
- Emerson Automation Solutions - ChanhassenControllers for process variables manufacturing583
- General MillsSweet yeast goods, frozen, manufacturing350
- The Bernard GroupPrint shops, digital347
- The Bernard GroupPrinting, digital299
- TargetDiscount department stores261
- ChanhassenAll printing operations including digital printing222
- University of Minnesota Landscape ArboretumAcademies, college or university210
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 45 workplaces with 20 or more staff, 5,782 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Hailrelatively high in parts of ChanhassenRelatively moderate
- Tornadoesrelatively high in parts of ChanhassenRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Chanhassen’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Carver County and the Minneapolis-St. Paul-Bloomington, MN-WI metro.
Chanhassen home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Chanhassen$564,386
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Chanhassen listings, and the typical home goes pending in 23 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Chanhassen27.77%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Chanhassen23
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Chanhassen97
New listings per month
Sellers arriving at the market.
- Chanhassen37
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Chanhassen$565,559
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Chanhassen99.55%
Zip codes with a Chanhassen address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Chanhassen — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.