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Shafer, MN

Full City Profile · Minnesota · Chisago County County

3.3 /5.0
B Good
1,151 Population 906/sq mi density
$96,042 Median Income $37,870 per capita
$225,700 Home Value $342,155 Zillow
$954 Median Rent 31.3% income on rent
44°F Avg Temperature 270 sunny days/yr
181 Violent Crime/100K 1,189 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$96,042 median income, 2.7% unemployment
A+
Affordability
5.0 / 5.0
$225,700 home value, $954/mo rent
F
Safety
1.0 / 5.0
181 violent crimes/100K
C
Education
2.3 / 5.0
16.0% bachelor's degree or higher

Housing Overview

Median Home Value
$225,700
20% below
US avg: $281,900
Median Rent
$954/mo
18% below
US avg: $1,163/mo
Homeownership Rate
81.9%
25% above US avg (65.4%)
Total Housing Units
402
Median year built: 2002

Home Value by Source

Census Median
$225,700
Zillow (ZHVI)
$342,155
Median Sale Price
$164,232
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

81.9%
Owner-Occupied
18.1%
Renter-Occupied
82%
18%
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: $954/mo

Market Indicators (Redfin)

Median Days on Market
63 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$114

Affordability & Housing Stock

Rent Burden
31.3%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
2002
Average age of housing stock: 24 years
Homeownership Rate
81.9%

Complete Housing Data

Home Values

Census Median Value$225,700
Zillow Home Value (ZHVI)$342,155
Median Sale Price$164,232
Price Per Sq Ft$114

Rent

Census Median Rent$954
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 Market63
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold2
Price Per Sq Ft$114

Ownership & Stock

Owner-Occupied81.9%
Renter-Occupied18.1%
Homeownership Rate81.9%
Total Housing Units402
Median Year Built2002
Rent Burden31.3%