The story of this market
The typical home in ZIP 55398 sells for about $539,885, or $204 per square foot.
Prices are up +14.3% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 55398 — Zimmerman
The Waconia housing market shows strong price appreciation, with median sale prices rising significantly year-over-year. Low inventory levels continue to drive competition, though the pace of sales has slowed compared to previous periods.
This area is well-suited for families and professionals seeking a suburban lifestyle with access to lake recreation and a manageable commute to the Twin Cities.
Median prices moved up 14.3% year over year.
Homes spend a median of 85 days on market with 0.0 months of supply — a slower-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 1.5% · poverty 6.9% — 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 served by the Waconia Public School District, which is generally well-regarded within the Carver County region.
The area is experiencing steady suburban growth with ongoing residential development and proximity to Twin Cities employment hubs.
Property taxes are assessed at the county level in Carver County, with rates influenced by local school district levies and municipal service requirements.
Residents typically commute via MN-5 or MN-7 toward the Minneapolis-St. Paul metropolitan area, with average commute times reflecting suburban distances.
The area features significant access to Lake Waconia for boating and recreation, alongside local parks and regional trail systems.
The rental market is characterized by limited inventory and steady demand from families and professionals seeking suburban living.
The local economy is supported by a mix of retail, healthcare, and manufacturing, with many residents commuting to the broader Twin Cities employment market.
Transportation is primarily automobile-dependent, relying on state highway corridors for regional connectivity.
Ongoing residential expansion continues on the periphery of the city, consistent with regional growth patterns in Carver County.
Carver County Assessor manages property valuations based on market-value assessments conducted annually.
Parcels are subject to Waconia Public School District levies and Carver County administrative taxes.
Data retrieved from census.gov ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Wild Woods Water Park3.911.5 mi
- Refuge Golf Club & Wedding Venue4.415.3 mi
- Links at Northfork Golf Course4.514.2 mi
- Rockwoods4.411.6 mi
- Dehns Pumpkins4.619 mi
- Hidden Haven Golf Club4.517.9 mi
- Sand Dunes State Forest4.35.5 mi
- Orono Park4.610 mi
- Otsego Prairie Park & Splash Pad4.611.9 mi
- Lakeside Park4.511.6 mi
- Otsego County Park4.711.1 mi
- Oliver Kelley Farm4.713.1 mi
- Billy's Bar & Grill4.219.8 mi
- Rum River Dam4.719.7 mi
- Ellingson Motorcars4.417.9 mi
- Buddha Glass4.715.6 mi
- Sherburne National Wildlife Refuge4.76.1 mi
- Sand Dunes State Forest4.35.5 mi
- Orono Park4.610 mi
- Otsego Prairie Park & Splash Pad4.611.9 mi
- Lakeside Park4.511.6 mi
- MarineMax3.818.6 mi
- The Ponds Golf Course3.912.6 mi
- Riverwood National Golf Course4.112.1 mi
- Elk River Golf Club4.28.1 mi
- Princeton Golf Course4.37.8 mi
- Dollar General3.812.4 mi
- Elk Park Center4.29.3 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 destination for boating, fishing, and water recreation.
Provides extensive green space and trail access along the lakefront.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.