CHANHASSEN
Downtown Commute: 20 miles, 25–35 min
Airport Commute: 15 miles, 20–30 min
New Developments 2 Communities
Tax Rate: 1.1–1.15%
Restaurants 12 rated 4.5+
Established enough to feel settled, new enough to offer modern construction, with strong school flexibility and lake access.
Discover Chanhassen
Chanhassen sits in a sweet spot of the southwest metro — established enough to feel settled, new enough to offer modern construction, and planned well enough that the day-to-day experience holds up over time. It's a market that attracts move-up buyers, relocation clients, and households who care about resale as much as they care about move-in. The city developed in waves rather than all at once, which shows in the housing mix. Mature neighborhoods with tree cover sit alongside newer communities offering current floor plans, energy efficiency, and updated lot layouts. New construction skews higher-end — the median new build runs around $1,164,000 at roughly $391 per square foot, a meaningful premium over the metro average. Buyers shopping here tend to be more particular about finishes, layout flow, and builder reputation than buyers in higher-volume new construction markets.
MARKET SNAPSHOT
Median Sales Prices: — Single Family: $725,000 — Townhomes: $319,950 — New Construction: $1,164,000
“Location is where Chanhassen earns most of its premium.”
Price Per Square Foot: — Resale Homes: $212 — New Construction: $391
Highway 5, 212, and 101 give residents flexible access to Eden Prairie, Minnetonka, and the broader 494 corridor, with downtown reachable in about 25–35 minutes off-peak. Everyday retail, grocery, and dining sit along Highway 5 and around the downtown core, so most errands stay close to home. The dining scene is stronger than buyers typically expect — twelve restaurants rated 4.5 stars or higher, anchored by the Chanhassen Dinner Theatres and a steady mix of independent operators.
Month Supply of Inventory: 2.4
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