Chaska, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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 26,016, 9,339 total housing units (homes and apartments), and a median house value of $299,015, 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 53.92% of the city's housing units. Other types of housing that are prevalent in Chaska include large apartment complexes or high rise apartments ( 19.02%), row houses and other attached homes ( 17.05%), and a few mobile homes or trailers ( 6.37%).

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 66.66% of Chaska's homes, and 55.74% 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 ( 35.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.57%). There's also some housing in Chaska built before 1939 ( 5.28%).

Chaska Home Appreciation Rates

Real estate appreciation rates in Chaska's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.55% during the period.

Over the last year, Chaska appreciation rates have trailed the rest of the nation. In the last twelve months, Chaska's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chaska were at 2.09%, which equates to an annual appreciation rate of 8.62%.

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

Average Home Values

 

Median Home Value:
$299,015

Chaska, MN HOME PRICES

Value Range
> $1,183,000 1.0
$888,001 - $1,183,000 0.3
$592,001 - $888,000 5.0
$474,001 - $592,000 7.6
$355,001 - $474,000 19.4
$237,001 - $355,000 25.0
$119,001 - $237,000 26.9
$59,001 - $119,000 3.8
$0 - $59,000 11.0

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
18.7795620437956 13.1416837782341

Number Of Homes And Apartments:
9,339

Chaska Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
38.47% 1.78%
3
3
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,295 / per month

Homeownership Rate

Homeownership
Owners 66.66
Renters 33.34
Vacant 3.27

Housing Market Details

 

Age of Homes

AGE OF Chaska HOMES
2000 or Newer 35.4
1970 - 1999 51.7
1940 - 1969 7.6
1939 or Older 5.3

Types of Homes

TYPE OF Chaska HOMES
Single-Family 53.9
Townhomes 17.0
Small Apt. Buildings 3.6
Apt. Complexes 19.0
Mobile Homes 6.4
Other 0.0

Home Size

SIZE OF Chaska HOMES
No Bedroom 0.75
1 Bedroom 8.63
2 Bedrooms 26.36
3 Bedrooms 31.86
4 Bedrooms 23.88
5 or more bedrooms 8.52