Market Overview
Home Prices in Chanhassen, MN
The median home value in Chanhassen, MN is $569,346 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chanhassen are priced39% above average. Chanhassen is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Chanhassen home values have risen by approximately15.4%, reflecting steady appreciation in this market.
Price History
Chanhassen Home Price Trend
City Comparison
Chanhassen vs. National Median
At $569,346, homes in Chanhassen cost 39% above the national median of $410,000. Buyers in Chanhassen should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Chanhassen?
20% Down Payment
$113,869
on $569,346
Monthly P&I
$2,969/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,771/mo
incl. taxes & insurance
Income Needed
$150,840
gross annual (30% rule)
10% Down Option
$56,935
+ PMI applies
Loan Amount (20% dn)
$455,477
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Chanhassen, MN?
The median home value in Chanhassen is $569,346 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Chanhassen?
Over the past year, home values in Chanhassen have increased by 2.2%. Over five years, prices have risen approximately 15.4%.
How much do I need to earn to buy a home in Chanhassen?
To comfortably afford the median home price of $569,346 with a 20% down payment ($113,869) at today's rates (6.8%), you'd need a gross annual income of approximately $150,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Chanhassen compare to the national average home price?
The national median home value is approximately $410,000. At $569,346, homes in Chanhassen are 39% above the national average.
What metro area is Chanhassen part of?
Chanhassen is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.