Chaska, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Chaska Neighborhoods Since 2000




Chaska, 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

Chaska Housing Market Information

With a population of 25,199, 9,108 total housing units (homes and apartments), and a median house value of $289,643, Chaska real estate is some of the most expensive in Minnesota, although Chaska home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Chaska, accounting for 52.41% of the city's housing units. Other types of housing that are prevalent in Chaska include large apartment complexes or high rise apartments ( 19.24%), row houses and other attached homes ( 18.13%), and a few mobile homes or trailers ( 6.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chaska. Owner-occupied housing accounts for 67.57% of Chaska's homes, and 54.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chaska 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 Chaska built between 2000 and later ( 34.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.49%). There's also some housing in Chaska built before 1939 ( 5.01%).

Chaska Home Appreciation Rates

Chaska's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chaska during the period has been just -0.92%, which is lower than 70% of US communities.

Appreciation rates are so strong in Chaska that despite a nationwide downturn in the housing market, Chaska real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chaska appreciation rates continue to be some of the highest in America, at 5.66%, which is higher than appreciation rates in 70.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chaska. Chaska appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Chaska's latest annual appreciation rate is higher than 70% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$289,643

Chaska, MN HOME PRICES

Value Range
> $1,145,000 1.4
$859,001 - $1,145,000 0.3
$572,001 - $859,000 4.7
$458,001 - $572,000 8.1
$343,001 - $458,000 17.3
$229,001 - $343,000 23.2
$114,001 - $229,000 30.9
$57,001 - $114,000 3.7
$0 - $57,000 10.4

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
17.3385679128091 11.9096509240246

Number Of Homes And Apartments:
9,108

Chaska 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
29.53% 1.51% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,227 / per month

Homeownership Rate

Homeownership
Owners 67.57
Renters 32.43
Vacant 3.46

Housing Market Details

 

Age of Homes

AGE OF Chaska HOMES
2000 or Newer 34.5
1970 - 1999 53.0
1940 - 1969 7.5
1939 or Older 5.0

Types of Homes

TYPE OF Chaska HOMES
Single-Family 52.4
Townhomes 18.1
Small Apt. Buildings 3.4
Apt. Complexes 19.2
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Chaska HOMES
No Bedroom 0.58
1 Bedroom 9.01
2 Bedrooms 28.38
3 Bedrooms 32.06
4 Bedrooms 22.56
5 or more bedrooms 7.41