Carver, MN—55315
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carver, MN
As of Oct '25, the median home price in Carver, MN is $494,000, with a year-over-year change of 0.3%. This indicates that home prices in Carver, MN are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $494,000 | 0.3% |
| Single Family | $494,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $346,000 | -1.4% |
3 Bed | $443,000 | 0.2% |
4 Bed | $518,000 | 0.0% |
| 5 Bed | $582,000 | 0.5% |
% of Housing Stock
Rental Trends — Carver, MN
As of July '25, Rentcast reports the average rent in Carver, MN is $2,890, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in Carver, MN is 2-bedrooms: $1,520, 3-bedrooms: $2,580, 4-bedrooms: $2,950. The most common rental property sizes in Carver, MN are 3-bedroom and 1-bedroom, accounting for 34.9% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $2,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,520 | $1,520 |
| 3 Bed Rent | $2,700 | $2,580 |
| 4 Bed Rent | $2,950 | $2,950 |
% of Rental Stock
Property Listings — Carver, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Carver, MN is 29. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $576,000 | 11.0% |
Listing Count | 35 | 8.0% |
| Listings as % of Homes | 1.0% | 8.0% |
Days on Market | 29 | 28.0% |
Demographics — Carver, MN
As of the latest ACS Survey released in 2023, Carver, MN has a population of 7,030, which has increased by 24.5% over the past 5 years. Carver, MN is a popular place for families, as children make up 29.1% of the population. The area has a highly educated workforce, with 56.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,030 | 24.5% |
% Under 18 | 29.1% | 3.2% |
% Seniors | 11.2% | 45.5% |
% WFH | 20.9% | 101.0% |
% w/ College Degree | 56.0% | 22.3% |
As of the latest ACS Survey released in 2023, Carver, MN is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Carver, MN is asian, making up 4.4% of the population. Foreign-born residents account for 5.8% of the population in Carver, MN, and this percentage has decreased by 22.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.2% | -2.2% |
% Black | 0.2% | -94.6% |
% Hispanic | 2.1% | 0.0% |
% Asian | 4.4% | 528.6% |
% Foreign Born | 5.8% | -22.7% |
Mortgage and Risk — Carver, MN
According to HUD data as of 2023, there were 263 mortgage originations in Carver, MN, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Carver, MN. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 263 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Carver, MN
Carver, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,380 |
| 2 Bedroom | $160 | $1,520 | $1,680 |
| 3 Bedroom | -$460 | $2,700 | $2,240 |
| 4 Bedroom | -$440 | $2,950 | $2,510 |
Affordability — Carver, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $494,000 |
| Median Household Income | $140,000 |