The story of this market
The typical home in ZIP 55384 sells for about $495,000, or $201 per square foot.
Prices are up +22.2% from a year ago, so sellers still have some momentum. Homes take about 20.5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,241 a month.
ZIP 55384 — Spring Park
The Waconia housing market is currently characterized as somewhat competitive, with a median sale price of $495,000. Market activity is driven by strong demand for its small-town atmosphere and proximity to Minneapolis, resulting in a relatively short median time on market of 20.5 days.
The area is highly suitable for family buyers seeking a blend of small-town charm, high-quality schools, and modern housing options within a reasonable commute of Minneapolis.
Median prices moved up 22.2% year over year.
Homes spend a median of 21 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.9% · poverty 9.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 55387, Carver County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Waconia is widely recognized for its excellent public schools and strong community-focused educational environment.
The city benefits from its location 30 miles from Minneapolis, balancing small-town character with steady residential development and access to urban employment hubs.
Residents typically commute approximately 30 miles to the Minneapolis metropolitan area, utilizing regional highway corridors.
The area is anchored by Lake Waconia, offering significant lakefront recreation, boating, and scenic views, complemented by local parks and community events.
The local economy is supported by a mix of small-town commerce and proximity to the broader Minneapolis-St. Paul employment market.
Data sourced from US Census Bureau QuickFacts and ZCTA-level market reports.
- Mall of America®4.620 mi
- Valleyfair4.213.1 mi
- Great Wolf Lodge | Minnesota3.919.5 mi
- Nickelodeon Universe4.520 mi
- Slick City Action Park4.515.1 mi
- U.S. Bank Stadium4.618.6 mi
- Minneapolis Convention Center4.517.8 mi
- Canterbury Park4.512.4 mi
- Topgolf Brooklyn Center4.319.4 mi
- The Armory4.718.3 mi
- Canterbury Park4.512.4 mi
- University of Minnesota Landscape Arboretum4.85.1 mi
- Emagine Willow Creek4.611.6 mi
- Paisley Park4.86.2 mi
- Clifton E. French Regional Park4.711.4 mi
- Minneapolis Institute of Art4.817.7 mi
- University of Minnesota Landscape Arboretum4.85.1 mi
- Walker Art Center4.517.1 mi
- Historic Stone Arch Bridge4.818.9 mi
- Paisley Park4.86.2 mi
- University of Minnesota Landscape Arboretum4.85.1 mi
- Clifton E. French Regional Park4.711.4 mi
- Westwood Hills Nature Center4.812.3 mi
- Baker Park Reserve4.75.8 mi
- Bryant Lake Regional Park4.810.7 mi
- Wayzata Yacht Club4.86.8 mi
- Howard's Point Marina4.62.1 mi
- Metro Lakes Marina & Rentals LLC.4.50.6 mi
- Wayzata Bay Charter Cruises on Lake Minnetonka4.74 mi
- Your Boat Club Lake Minnetonka Brown's Bay4.84.1 mi
- Rush Creek Golf Club4.612.6 mi
- Brookview Golf Course and Lawn Bowling4.212.5 mi
- Baker National Golf Course4.46.8 mi
- Hazeltine National Golf Club4.77.3 mi
- Chaska Town Course4.67.3 mi
- Ridgedale Center4.49.9 mi
- Asia Mall4.311.1 mi
- Eden Prairie Center4.411.7 mi
- T.J. Maxx & HomeGoods4.312.2 mi
- Hy-Vee Grocery Store4.411.7 mi
- Minneapolis-Saint Paul International Airport4.420.8 mi
- Shoyu3.721 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional attraction providing boating, fishing, and scenic waterfront access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.