Chanhassen, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chanhassen, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Chanhassen Housing Market Information

With a population of 25,332, 8,704 total housing units (homes and apartments), and a median house value of $391,568, Chanhassen house prices are not only among the most expensive in Minnesota, Chanhassen real estate also is some of the most expensive in all of America.

Chanhassen is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Chanhassen than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chanhassen. Owner-occupied housing accounts for 86.12% of Chanhassen's homes, and 59.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chanhassen built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chanhassen built between 2000 and later ( 22.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.33%). There's also some housing in Chanhassen built before 1939 ( 3.47%).

Chanhassen Home Appreciation Rates

Real estate appreciation rates in Chanhassen's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Chanhassen's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Chanhassen's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

Relative to Minnesota, our data show that Chanhassen's latest annual appreciation rate is higher than 60% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Chanhassen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chanhassen - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Chanhassen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$391,568

Chanhassen, MN HOME PRICES

Value Range
> $1,154,000 2.5
$865,001 - $1,154,000 6.0
$577,001 - $865,000 16.3
$462,001 - $577,000 14.0
$346,001 - $462,000 17.2
$231,001 - $346,000 26.5
$115,001 - $231,000 13.7
$58,001 - $115,000 1.8
$0 - $58,000 2.1

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
9.81483651705145 4.51745379876797

Number Of Homes And Apartments:
8,704

Chanhassen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
44.39% 2.15% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,624 / per month

Homeownership Rate

Homeownership
Owners 86.12
Renters 13.88
Vacant 3.20

Housing Market Details

 

Age of Homes

AGE OF Chanhassen HOMES
2000 or Newer 22.4
1970 - 1999 65.8
1940 - 1969 8.3
1939 or Older 3.5

Types of Homes

TYPE OF Chanhassen HOMES
Single-Family 70.7
Townhomes 18.2
Small Apt. Buildings 0.6
Apt. Complexes 10.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Chanhassen HOMES
No Bedroom 0.10
1 Bedroom 5.88
2 Bedrooms 17.49
3 Bedrooms 25.90
4 Bedrooms 33.65
5 or more bedrooms 16.97