Waconia, MN
Full City Profile · Minnesota · Carver County County
4.7
/5.0
A+
Excellent
13,223
Population
2,357/sq mi density
$104,929
Median Income
$50,332 per capita
$407,600
Home Value
$463,746 Zillow
$1,299
Median Rent
27.7% income on rent
44°F
Avg Temperature
A+
Overall
4.7 / 5.0
Strong
A+
Economy
4.7 / 5.0
$104,929 median income, 4.1% unemployment
A
Affordability
4.5 / 5.0
$407,600 home value, $1,299/mo rent
A+
Education
5.0 / 5.0
49.8% bachelor's degree or higher
Housing Overview
Median Home Value
$407,600
45% above
US avg: $281,900
Median Rent
$1,299/mo
12% above
US avg: $1,163/mo
Homeownership Rate
80.9%
24% above US avg (65.4%)
Total Housing Units
4,934
Median year built: 1998
Home Value by Source
Census Median
$407,600
Zillow (ZHVI)
$463,746
Redfin Median Sale
$539,885
Median Sale Price
$539,885
Median List Price
$539,145
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.9%
Owner-Occupied
19.1%
Renter-Occupied
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:
$1,299/mo
· Zillow rent:
$1,633/mo
Market Indicators (Redfin)
Median Sale Price
$539,885
Median Days on Market
85 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
16
Price Drops
58.5%
of listings with price reduction
Price Per Sq Ft
$204
Active Inventory
41
homes for sale
Affordability & Housing Stock
Rent Burden
27.7%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1998
Average age of housing stock: 28 years
Homeownership Rate
80.9%
Complete Housing Data
Home Values
| Census Median Value | $407,600 |
| Zillow Home Value (ZHVI) | $463,746 |
| Redfin Median Sale | $539,885 |
| Median Sale Price | $539,885 |
| Median List Price | $539,145 |
| Price Per Sq Ft | $204 |
Rent
| Census Median Rent | $1,299 |
| Zillow Rent (ZORI) | $1,633 |
| 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 Market | 85 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 58.5% |
| Homes Sold | 16 |
| Active Inventory | 41 |
| Price Per Sq Ft | $204 |
Ownership & Stock
| Owner-Occupied | 80.9% |
| Renter-Occupied | 19.1% |
| Homeownership Rate | 80.9% |
| Total Housing Units | 4,934 |
| Median Year Built | 1998 |
| Rent Burden | 27.7% |