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Excelsior, MN

Full City Profile · Minnesota · Carver County County

3.7 /5.0
B+ Good
2,359 Population 3,744/sq mi density
$108,611 Median Income $88,475 per capita
$839,500 Home Value $818,921 Zillow
$1,125 Median Rent 20.7% income on rent
45°F Avg Temperature 270 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$108,611 median income, 0.0% unemployment
C
Affordability
2.3 / 5.0
$839,500 home value, $1,125/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
52.4% bachelor's degree or higher

Housing Overview

Median Home Value
$839,500
198% above
US avg: $281,900
Median Rent
$1,125/mo
3% below
US avg: $1,163/mo
Homeownership Rate
48.8%
25% below US avg (65.4%)
Total Housing Units
1,331
Median year built: 1966

Home Value by Source

Census Median
$839,500
Zillow (ZHVI)
$818,921
Median Sale Price
$650,000
Median List Price
$537,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

48.8%
Owner-Occupied
51.2%
Renter-Occupied
49%
51%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $1,125/mo

Market Indicators (Redfin)

Median Days on Market
11 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
15.4%
of listings with price reduction
Price Per Sq Ft
$373
Active Inventory
13
homes for sale

Affordability & Housing Stock

Rent Burden
20.7%
of renters spending 30%+ of income on housing
33% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
48.8%

Complete Housing Data

Home Values

Census Median Value$839,500
Zillow Home Value (ZHVI)$818,921
Median Sale Price$650,000
Median List Price$537,500
Price Per Sq Ft$373

Rent

Census Median Rent$1,125
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market11
Sale-to-List Ratio1.0%
Price Drops15.4%
Homes Sold3
Active Inventory13
Price Per Sq Ft$373

Ownership & Stock

Owner-Occupied48.8%
Renter-Occupied51.2%
Homeownership Rate48.8%
Total Housing Units1,331
Median Year Built1966
Rent Burden20.7%