Waconia, Minnesota.
Typical home $464,369 (+2.7% in a year), asking rent $1,860 . Minneapolis-St. Paul-Bloomington, MN-WI metro.
to buy the typical home at today's mortgage rate — +$1,162 (+91%) since Jan 2020.
- 1 year
- Up $12,158 +3%
- $452,211$464,369 since Sep 2025
- 5 years
- Up $44,082 +10%
- $420,287$464,369 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.
- Waconia$2,437
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 35 years.
Typical home values in Waconia, MN rose 2.7% over the past year — faster than the nation's +1.2%.
Living in Waconia, Carver County, Minnesota
Waconia is a city of 13,033 people in Carver County. Half its households earn more than $111,031 a year and half less, against $125,946 across Carver County; 4% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% 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 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 It can be wrong or out of date.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. Waconia is a small city in Carver County, Minnesota, built around the shore of Lake Waconia. Most homes are lived in by their owners, and the typical home value is well above what many American towns see, though the typical rent is on the high side too. Household incomes run a little below the county's, few residents live below the poverty line, and a four-year degree is common among adults. Winters are cold and snowy, with January highs well below freezing, while July brings warm days, and the year is fairly wet overall.
Work. Many residents work in schools, hospitals and social care, with manufacturing, professional and business services, and shops also employing a good number. The largest workplaces in town include Ridgeview Medical Center, the Waconia Public School District and Target. The typical commute is a moderate one, and a fair number of people work from home. Unemployment across Carver County is somewhat higher than a year earlier, and the county has a few fewer jobs than it did the year before.
Things to do. Lake Waconia sits in or beside town, and it is the natural place for time on the water. A short drive away is the University of Minnesota Landscape Arboretum, a botanical garden. A longer drive brings you to Lake Minnetonka, and to the Minneapolis Institute of Art, a museum.
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- 5,151households
- 49%of adults have a degree
- 4%below the poverty line
- 25 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, 8 miles away (NOAA).
Largest workplaces in Waconia
- Ridgeview Medical CenterGeneral hospital1,114FTE
- Waconia Public School DistrictSchool district511FTE
- Educational Services CenterAcademies, elementary or secondary423
- TargetDiscount department stores306
- Mackenthun SupermarketSupermarkets and other grocery stores216
- Good Samaritan Society - Waconia and Westview AcresNursing homes161
- PVS Sackett-Waconia, Inc. WACConveyors, farm-type, manufacturing91
- Bayview Elementary SchoolAcademies, elementary or secondary90
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 28 workplaces with 20 or more staff, 4,674 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); 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
- TornadoesRelatively high
- Cold wavesRelatively high
- HailRelatively 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 Waconia’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.
Waconia home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Waconia$464,369
- 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 3 Waconia listings — the market is cooling.
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.
- Waconia35.82%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Waconia76
New listings per month
Sellers arriving at the market.
- Waconia25
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Waconia$419,194
- United States$371,553
Zip codes with a Waconia address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Waconia — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.