Zip lookup · MN

55318
Chaska, Minnesota.

Chaska, Carver County, MN · Minneapolis-St. Paul-Bloomington, MN-WI metro · population 30,369

What it costs per month · 55318 $2,533/mo

to buy the typical home at today's mortgage rate — +$1,218 (+93%) since Jan 2020.

What the home itself did
1 year
Up $13,479 +3%
$469,091$482,569 since Sep 2025
5 years
Up $54,505 +13%
$428,064$482,569 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.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 55318 $2,533 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • 55318$2,533
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 29 years.

Typical home values in zip 55318 rose 2.9% over the past year — faster than the nation's +1.2%.

Asking rents in zip 55318 rose 2.4% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 55318 runs $1,600/mo more than renting one. The gap peaked at $1,700 in Oct 2023.

That is $3,449 a month against $1,848 rent: a $2,533 mortgage payment, plus $399 property tax and $517 insurance & upkeep.

Owning vs renting — zip 55318

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.

$1,500 $2,000 $2,500 $3,000 $3,500 2022 2023 2024 2025 2026 Owning all in $3,449 Renting $1,848 Mortgage only $2,533
$1,500 $2,000 $2,500 $3,000 $3,500 2022 2024 2026
  • Owning all in$3,449
  • Renting$1,848
  • Mortgage only$2,533

Property tax · $399/mo 0.99% of value a year — the ACS 2020-2024 median bill over the median home value for Carver County, MN

Insurance & upkeep · $517/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.

Zillow also publishes an index for the city itself: Chaska, MN — measured over the city limits, which is a different area from this zip.

Asking rent $1,848 as of Sep 2026
+2.4%year on year
Typical home value $482,569 as of Sep 2026
+2.9%year on year

Asking rent — 55318

Against the Minneapolis-St. Paul-Bloomington, MN-WI metro and the national benchmark.

$1,500 $1,600 $1,700 $1,800 $1,900 2022 2023 2024 2025 2026 55318 $1,848 Minneapolis $1,736 United States $1,932
$1,500 $1,600 $1,700 $1,800 $1,900 2022 2024 2026
  • 55318$1,848
  • Minneapolis$1,736
  • United States$1,932

Typical home value — 55318

Mid-tier homes, smoothed and seasonally adjusted.

$250,000 $300,000 $350,000 $400,000 $450,000 2018 2020 2022 2024 2026 55318 $482,569 Minneapolis $387,807 United States $366,157
$250,000 $300,000 $350,000 $400,000 $450,000 2018 2022 2026
  • 55318$482,569
  • Minneapolis$387,807
  • United States$366,157

Within 20 miles

Showing 30 of 60 zips in range — sorting picks from all 60.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
3.4 55386 Victoria 10,077 $2,184 $621,002
5.3 55317 Chanhassen 22,299 $2,201 $534,164
6.3 55331 Excelsior 19,805 $2,451 $830,316
6.9 55315 Carver 7,147 — $508,192
7.1 55379 Shakopee 50,041 $1,763 $407,221
7.4 55375 Saint Bonifacius 4,326 — $450,773
7.6 55387 Waconia 15,030 $1,860 $463,778
7.9 55322 Cologne 3,775 — $459,388
8.5 55347 Eden Prairie 30,429 $2,183 $566,191
8.6 55384 Spring Park 1,896 — $584,323
8.9 55346 Eden Prairie 18,588 $2,338 $486,035
9.0 55364 Mound 14,097 $2,464 $535,237
10.4 55345 Minnetonka 20,789 $1,627 $538,280
10.8 55344 Eden Prairie 14,034 $1,767 $342,270
11.1 55352 Jordan 10,515 — $435,383
11.3 55391 Wayzata 15,502 $3,392 $1,028,566
12.7 55438 Minneapolis 15,701 $1,749 $402,961
13.0 55356 Long Lake 5,696 $2,465 $803,155
13.0 55343 Hopkins 27,102 $1,647 $342,496
13.5 55368 Norwood Young America 1,775 — $358,172
13.6 55439 Minneapolis 9,459 $2,072 $689,858
13.7 55359 Maple Plain 6,997 — $604,476
14.0 55378 Savage 32,162 $1,934 $432,093
14.0 55388 Watertown 5,893 — $379,717
14.1 55305 Hopkins 21,068 $1,922 $459,472
14.3 55437 Minneapolis 18,881 $1,689 $392,607
14.4 55436 Minneapolis 14,462 $1,806 $638,089
14.4 55372 Prior Lake 34,772 $2,059 $519,631
14.6 55397 Young America 3,404 — $346,990
15.0 55447 Minneapolis 20,931 $1,916 $492,919

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.