Carver County, Minnesota Housing Market
In Carver County, Minnesota, the median home value is $453,600, with a median monthly rent of $1,514. This places Carver County at #186 nationally out of 3134 counties by median home value, and #1 within Minnesota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,501
- Establishments: 2,776
- BLS QCEW, 2025
Housing Supply
- Single-family: 483
- Multi-family: 477
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 45,256 (avg $145,755)
- Outflow: 43,106 (avg $147,060)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Carver County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 55368 | 224.1 | +17.58% | 2025 |
| 2 | 55397 | 206.6 | -1.51% | 2025 |
| 3 | 55395 | 241.2 | +6.41% | 2025 |
| 4 | 55322 | 236.7 | +2.56% | 2025 |
| 5 | 55331 | 258.8 | +1.62% | 2025 |
| 6 | 55360 | 220.2 | +2.78% | 2025 |
| 7 | 55375 | 205.0 | +7.05% | 2025 |
| 8 | 55317 | 224.8 | +4.64% | 2025 |
| 9 | 55388 | 207.9 | +5.20% | 2025 |
| 10 | 56011 | 214.7 | +3.79% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Carver County Compares
| Metric | Carver County | Minnesota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $453,600 | $238,335 | $227,706 |
| Median Gross Rent | $1,514 | $938 | $968 |
| Owner Occupancy Rate | 81.5% | 77.9% | 73.3% |
| Price/Rent Ratio | 25.0 | 21.1 | 18.7 |
Market Analysis
The median home value in Carver County is 90.3% above the Minnesota state average and 99.2% above the U.S. national average. The median rent of $1,514/month is 61.4% above the state average.
With a price-to-rent ratio of 25.0, Carver County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Carver County has an owner-occupancy rate of 81.5%, compared to 77.9% in Minnesota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Carson City | Nevada | $453,000 | $1,248 |
| Maricopa County | Arizona | $452,800 | $1,708 |
| Polk County | Oregon | $454,700 | $1,299 |
| Beaufort County | South Carolina | $455,600 | $1,653 |
| Cumberland County | Maine | $451,200 | $1,589 |
Other Counties in Minnesota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washington County | $422,000 | $1,710 | 81.3% |
| Scott County | $419,400 | $1,568 | 83.8% |
| Hennepin County | $392,900 | $1,487 | 62.7% |
| Dakota County | $381,000 | $1,548 | 74.9% |
| Sherburne County | $361,400 | $1,127 | 83.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).