Chaska, Minnesota.
Typical home $481,730 (+2.7% in a year), asking rent $1,828 (+2.2%). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,218 (+93%) since Jan 2020.
- 1 year
- Up $12,829 +3%
- $468,901$481,730 since Sep 2025
- 5 years
- Up $54,587 +13%
- $427,143$481,730 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.
- Chaska$2,528
- 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 Chaska, MN rose 2.7% over the past year — faster than the nation's +1.2%.
Asking rents in Chaska, MN rose 2.2% over the past year — slower than the nation's +2.7%.
Owning the typical home in Chaska runs $1,614/mo more than renting one. The gap peaked at $1,715 in Oct 2023.
That is $3,443 a month against $1,828 rent: a $2,528 mortgage payment, plus $398 property tax and $516 insurance & upkeep.
Owning vs renting — Chaska
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,443
- Renting$1,828
- Mortgage only$2,528
Property tax · $398/mo 0.99% of value a year — the ACS 2020-2024 median bill over the median home value for Carver County, MN
Insurance & upkeep · $516/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Chaska, Carver County, Minnesota
Chaska is a city of 27,810 people in Carver County. Half its households earn more than $110,956 a year and half less, against $125,946 across Carver County; 6% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Chaska was 4.3% 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 manufacturing.
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. Chaska is a city in Carver County, on the southwest side of the Twin Cities area. Its residents are somewhat younger than is typical for the country, and incomes run below the county's, though comfortably above the poverty line for most households. Most homes are lived in by their owners, and a large share of adults hold a four-year degree. Winters are cold, with a good deal of snow, and summers are warm.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, professional and business services, and shops close behind. Some of the biggest employers in Chaska are Beckman Coulter, which makes diagnostic products, the medical device maker Integer, and Carver County itself. Commutes are moderate, and a good number of people work from home. Unemployment has edged up over the past year, and the county has lost a few jobs.
Things to do. Lake Minnetonka is a short drive away and is the nearest big stretch of water for boating, walking or sitting by the shore. The University of Minnesota Landscape Arboretum, a botanical garden, is also a short drive off. For a day in the city, the Minneapolis Institute of Art is a longer drive away, and it is among the best known museums in the region.
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- 11,051households
- 47%of adults have a degree
- 6%below the poverty line
- 23 mintypical commute
- 20%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 23° and lows near 4°; warmest in July, with highs near 83° and lows near 60°. About 52 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chaska 2NW weather station, a mile away (NOAA).
Largest workplaces in Chaska
- Diagnostics : Beckman Coulter - ChaskaIn-vitro diagnostic substances manufacturing1,051
- IntegerMedical device manufacturing702
- Entegris - ChaskaDrums, plastics, manufacturing650
- Carver CountyGeneral public administration563
- Ridgeview Two Twelve Medical Center ChaskaHospitals, general medical and surgical412
- Michael FoodsPotatoes, peeled or cut, manufacturing376
- Apex InternationalToilet preparations manufacturing334
- Costco WholesaleWholesale grocer289
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 51 workplaces with 20 or more staff, 7,769 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
- TornadoesRelatively high
- Cold wavesRelatively high
- Hailrelatively high in parts of ChaskaRelatively moderate
- Heat wavesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Chaska’s census tracts, against the rest of the country; all of them together, relatively 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.
Chaska home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Chaska$481,730
- 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 Chaska listings, and the typical home goes pending in 26 days — the market is roughly in balance.
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.
- Chaska25.71%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Chaska26
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Chaska130
New listings per month
Sellers arriving at the market.
- Chaska45
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Chaska$402,919
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Chaska99.97%
Zip codes with a Chaska address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Chaska — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Chaska
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 55318 | Chaska | 30,369 | $1,848 | $482,569 |
| 55322 | Cologne | 3,775 | — | $459,388 |