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Chanhassen

Learn about the people, housing, costs and businesses in Chanhassen, Minnesota

Median Home$590,373
Median Rent$1,839/month
Population26,002
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation14% arts, food & hospitality
Home Value Growth+8.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners84% of occupied units
NotableHighly Educated42% bachelor's · 16% graduate · top 1% nationally
NotableHigh Incomes$156k/year · top 3% nationally
Chanhassen
MN

Frequently Asked Questions

What are today's mortgage rates in Chanhassen?

As of today, the 30-year fixed mortgage rate for Chanhassen is approximately 6.844% (6.878% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chanhassen?

The median home value in Chanhassen is $590k. The median monthly rent is $1,839. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chanhassen?

Home values in Chanhassen have increased 8.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chanhassen?

Based on a typical all-in ownership cost of $2,328/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $100k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chanhassen is $156k/year.

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What industries drive the economy in Chanhassen?

The largest employment sectors in Chanhassen are public administration (20%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.