Rental numbers for Carver County, MN
The typical home here runs -$1,838 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.0%.
- Gross yield
- 5.1%
- typical home, Zillow
- Median ZIP yield
- 5.0%
- 4 ZIPs with full data
- Cash flow
- -$1,838/mo
- at 7.78%, 25% down
- Typical price
- $489,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,072/mo
- Zillow ZORI, Aug 2026
ZIP codes in Carver County
12 with published figures
| 55360Mayer | $391,000 | $1,830* | 5.6% | 2.3% | -$1,366 | n/a |
| 55397Norwood Young America | $344,000 | $1,520* | 5.3% | 1.9% | -$1,296 | n/a |
| 55339Hamburg | $347,000 | $1,520* | 5.3% | 1.8% | -$1,333 | n/a |
| 55368Norwood Young America | $359,000 | $1,550* | 5.2% | 1.8% | -$1,396 | n/a |
| 55387Waconia | $463,000 | $1,991 | 5.2% | 2.0% | -$1,729 | n/a |
| 55317Chanhassen | $532,000 | $2,243 | 5.1% | 2.0% | -$1,968 | n/a |
| 55318Chaska | $482,000 | $1,958 | 4.9% | 1.8% | -$1,893 | +0.9% |
| 55388Watertown | $380,000 | $1,520* | 4.8% | 1.6% | -$1,547 | n/a |
| 55367New Germany | $391,000 | $1,520* | 4.7% | 1.5% | -$1,633 | n/a |
| 55386Victoria | $620,000 | $2,324 | 4.5% | 1.5% | -$2,542 | n/a |
| 55322Chaska | $455,000 | $1,620* | 4.3% | 1.3% | -$1,972 | n/a |
| 55315Carver | $505,000 | $1,700* | 4.0% | 1.0% | -$2,289 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.7%
- Rent, 12 months
- +1.9%
- Rent minus price growth
- -0.8 pts
- Property tax
- 0.99%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $437,532 | $1,700 |
| Aug 2022 | $477,409 | $1,823 |
| Aug 2023 | $472,215 | $1,891 |
| Aug 2024 | $473,079 | $1,948 |
| Aug 2025 | $476,529 | $2,034 |
| Aug 2026 | $489,416 | $2,072 |
HUD Fair Market Rent
FY2027, Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,265 | $1,427 | $1,734 | $2,264 | $2,538 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 22.9
- 941 units, last 12 months
- National percentile
- 93th
- among US counties
Tools
Test a listing in Carver County against today's rate.
Open the calculatorPart of the Minneapolis, MN metro.
Questions
- Is Carver County good for rental property?
- The typical home here runs -$1,838 a month at 7.78% with 25% down. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Carver County?
- About 0.99% of value, from Census ACS median taxes paid over median home value. On a $489,000 home that is about $4,855 a year.
- What is Fair Market Rent in Carver County?
- HUD's FY2027 Fair Market Rent here is $1,427 for a 1-bedroom, $1,734 for a 2-bedroom and $2,264 for a 3-bedroom. Typical cash flow at today's rate is -$1,838 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.