Chaska, MN 55318 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Chaska, MN—55318

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$486,000

2.3% YoY Growth

Household Income

$112,000

24.9% YoY Growth

Days on Market

11.0% Shorter YoY

Home Price Forecast

-1.6%

Median Rent

$2,200

4.1% YoY Growth

1-Bed Rent

$1,300

7.3% YoY Growth

2-Bed Rent

$1,980

14.9% YoY Growth

3-Bed Rent

$2,350

0.8% YoY Growth

Home Price Trends — Chaska, MN

As of May '26, the median home price in Chaska, MN is $486,000, with a year-over-year change of 2.3%. This indicates that home prices in Chaska, MN are increasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$486,000	2.3%
Single Family	$495,000	2.5%
Condos	$248,000	0.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Chaska, MN

As of July '25, Rentcast reports the average rent in Chaska, MN is $2,330, with a year-over-year rent change of -4.1%. Per bedroom, the median rent as of July '25 in Chaska, MN is studios: $1,350, 1-bedrooms: $1,330, 2-bedrooms: $2,000, 3-bedrooms: $2,490, 4-bedrooms: $3,370. The most common rental property sizes in Chaska, MN are 2-bedroom and 1-bedroom, accounting for 36.1% and 35.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,330
Studio Rent	$1,380	$1,350
1 Bed Rent	$1,300	$1,330
2 Bed Rent	$1,980	$2,000
3 Bed Rent	$2,350	$2,490
4 Bed Rent	$3,380	$3,370

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% of Rental Stock

Studio

3.1%

1 Bedroom

35.2%

2 Bedrooms

36.1%

3 Bedrooms

22.8%

4 Bedrooms

2.4%

5+ Bedrooms

0.4%

Property Listings — Chaska, MN

As of May '26, Realtor.com reports that the median days on market for a home in Chaska, MN is 34. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$650,000	-8.0%
Listing Count	154	-12.0%
Listings as % of Homes	0.7%	-12.0%
Days on Market	34	-11.0%

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Demographics — Chaska, MN

As of the latest ACS Survey released in 2023, Chaska, MN has a population of 29,900, which has increased by 8.1% over the past 5 years. Chaska, MN is a popular place for families, as children make up 26.2% of the population. The area has a highly educated workforce, with 47.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	29,900	8.1%
% Under 18	26.2%	-3.0%
% Seniors	13.1%	44.0%
% WFH	19.9%	201.5%
% w/ College Degree	47.1%	0.9%

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As of the latest ACS Survey released in 2023, Chaska, MN is a predominantly white area, with 81.5% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Chaska, MN is hispanic, making up 8.6% of the population. Foreign-born residents account for 6.8% of the population in Chaska, MN, and this percentage has increased by 6.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	81.5%	-2.5%
% Black	1.9%	-17.4%
% Hispanic	8.6%	8.9%
% Asian	3.8%	15.2%
% Foreign Born	6.8%	6.2%

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Mortgage and Risk — Chaska, MN

According to HUD data as of 2023, there were 579 mortgage originations in Chaska, MN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Chaska, MN. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	579
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Chaska, MN

As of 2024, the percent of homes in Chaska, MN under the Section 8 program is 11.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Chaska, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	434
Total Units Section 8	367
% Rentals under Section 8	11.7%
% Occupied Section 8	95.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$100	$1,300	$1,400
2 Bedroom	-$270	$1,980	$1,710
3 Bedroom	-$70	$2,350	$2,280
4 Bedroom	-$830	$3,380	$2,550

Chaska, MN—55318

Key Metrics at a Glance

Home Price Trends — Chaska, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chaska, MN

% of Rental Stock

Property Listings — Chaska, MN

Demographics — Chaska, MN

Race and Ethnicity

Mortgage and Risk — Chaska, MN

Mortgages

Rentals and Section 8 — Chaska, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Chaska, MN

Home Price to Income Ratio

Chaska, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Victoria, MN

Shorewood, MN

Chanhassen, MN

Carver, MN

Spring Park, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$486,000
Median Household Income	$112,000

Chaska, MN—55318

Key Metrics at a Glance

Home Price Trends — Chaska, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Chaska, MN

% of Rental Stock

Property Listings — Chaska, MN

Demographics — Chaska, MN

Race and Ethnicity

Mortgage and Risk — Chaska, MN

Mortgages

Rentals and Section 8 — Chaska, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Chaska, MN

Home Price to Income Ratio

Chaska, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Victoria, MN

Shorewood, MN

Chanhassen, MN

Carver, MN

Spring Park, MN

Frequently Asked Questions

What is the average home price in Chaska, MN 55318?

How have home prices in Chaska, MN 55318 changed over the past year?

What is the home price projection for Chaska, MN 55318?

What are the demographics of Chaska, MN 55318?

How long does it take homes to sell in Chaska, MN 55318?

What is the average rent price in Chaska, MN 55318?