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Carver city, MN

ZIP 55315 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55315

Median Home Value
$433,400
Median Rent
$1,164
Affordability Snapshot
$119,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,784/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

31.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55315 in Carver city, MN, a household would need roughly $119,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,784. That sits below the local median household income ($140,446), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
91.1%+39% vs US avg
x
Vacancy Rate
2.1%-79% vs US avg
x
Broadband Access
91.3%+5% vs US avg
x
4+ Bedrooms
9.1%-39% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
8.7%+26% vs US avg
x
Rent Burden >30%
33.9%-32% vs US avg
x
Mortgage-Free
31.7%-17% vs US avg
x
$433,400
Home Value
$1,164
Rent
2002
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.8%
  • 1-unit attached6.5%
  • 2-9 units0.0%
  • 10+ units3.9%
  • Mobile home & other1.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$433,400
Median rent$1,164
Owner-occupied91.1%
Vacant2.1%
Price-to-income3.1x
Est. income to buy$119,000