Cologne, Minnesota.
Typical home $402,660 (+1.5% in a year). Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,003 (+90%) since Jan 2020.
- 1 year
- Up $6,004 +2%
- $396,656$402,660 since Sep 2025
- 5 years
- Up $32,531 +9%
- $370,129$402,660 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.
- Cologne$2,113
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 41 years.
Typical home values in Cologne, MN rose 1.5% over the past year — faster than the nation's +1.2%.
Living in Cologne, Carver County, Minnesota
Cologne is a city of 2,047 people in Carver County. Half its households earn more than $129,398 a year and half less, against $125,946 across Carver County; 5% of its people live below the poverty line. 91% of its homes are lived in by their owners and 9% are rented. Unemployment in Carver County was 4.2% in August 2026, and the county had 0.5% fewer jobs in 2025 than the year before. The most people in Carver County 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 It can be wrong or out of date.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. Cologne is a small city in Carver County where nearly everyone owns the home they live in, and where household incomes run a little above the county's. Fewer people live below the poverty line than you might expect, and the typical home is valued well above what many Minnesota towns see. The population is in its middle years, neither young nor old.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, professional and business services, and shops close behind. Across Carver County, the largest workplaces include Eastern Carver County Public School, Ridgeview Medical Center and Integer. The county's job count slipped slightly last year, and unemployment is higher than it was a year ago. The typical commute is a fairly long one by small-town standards.
Things to do. Winters are cold and snowy, and summers are warm, with a fair amount of rain and melted snow across the year. For a day out, Lake Minnetonka is a well-known lake a longer drive away, and the Minnesota Zoo is another longer drive. The Minneapolis Institute of Art is a museum, also a longer drive away.
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- 878households
- 5%below the poverty line
- 27 mintypical commute
What people in Carver County 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, 8 miles away (NOAA).
Largest workplaces in Carver County
- Eastern Carver County Public SchoolSchool district1,331FTE
- Ridgeview Medical CenterGeneral hospital1,114FTE
- Diagnostics : Beckman Coulter - ChaskaIn-vitro diagnostic substances manufacturing1,051
- IntegerMedical device manufacturing702
- IWCO ChanhassenCommercial printing669
- Entegris - ChaskaDrums, plastics, manufacturing650
- Emerson Automation Solutions - ChanhassenControllers for process variables manufacturing583
- Carver CountyGeneral public administration563
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 150 workplaces with 20 or more staff, 20,051 people in all across the county; Cologne has two of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. 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 moderate
- TornadoesRelatively 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 Cologne’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.
Cologne home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Cologne$402,660
- 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.
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Cologne9
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Cologne address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Cologne — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.