| ZIP Code | 55318 |
|---|---|
| City | Chaska |
| State | Minnesota (MN) |
| County | Carver County |
| Area Code | 952 |
| Elevation | 916 ft |
| Latitude | 44.810787 |
|---|---|
| Longitude | -93.636252 |
| Timezone | Chicago (DST) |
| FIPS | 27019 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.9 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 2.63 |
| Below Poverty | 4.7% ▼ 53% below avg |
| College Grads | 58.4% ▲ 51% above avg |
| Unemployment | 2.5% ▼ 49% below avg |
| No HS Diploma | 737 (3.9%) |
| HS Graduate | 3,438 (18.3%) |
| Some College | 1,575 (8.4%) |
| Associates | 2,079 (11.1%) |
| Bachelors | 2,039 (10.8%) |
| Graduate Degree | 8,935 (47.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $111,781 ▲ 46% above avg ↑ 26% since 2019 |
|---|---|
| Median Home Value | $389,200 ▲ 40% above avg ↑ 40% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,430/mo ↑ 21% since 2019 |
| Total Units | 11,453 |
| Vacant Units | 128 |
| Avg HH Size | 2.63 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 11,453 |
|---|---|
| Vacant | 128 |
| Owner Occupied | 71.0% |
| Renter Occupied | 29.0% |
| Avg HH Size | 2.63 |
ZIP code 55318 is located in Chaska, Minnesota, within Carver County. With a population of 29,884, this is a moderately populated ZIP code with a relatively young community — the median age is 37.9 years. Economically, 55318 is a upper-middle-income ZIP code: the median household income of $111,781 is above the national average.
Real estate in ZIP code 55318 represents a mid-range housing market. The median home value of $389,200 is above the national average. Renters can expect to pay around $1,430 per month in median rent. Homeownership is strong here — 71.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 40% since 2019.
The population of 55318 is primarily White (81.52%). Residents are well-educated — 58.4% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 4.7%. Household income has grown by 26% since 2019.
The unemployment rate in 55318 stands at 2.5%, which is below the national average. About 20% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 70%.
Overall, ZIP code 55318 in Chaska, MN is characterized as upper-middle-income, well-educated, a relatively young community, and predominantly owner-occupied. With 29,884 residents, a median household income of $111,781, and a median home value of $389,200, it offers a clear picture of life in this part of Minnesota.