The typical owner-occupied home in Carver County is worth about $453,600, 38% above the Minnesota median of $329,300 and 36% above the national median of $332,700. Owners pay a median $4,501 a year in property taxes, about 0.99% of their home's value, close to the Minnesota rate of 1.02%. The median household earns $125,946 a year, so the median home costs 3.6 times the median income (3.7 times for Minnesota). 81% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Carver County at a glance
| Carver County | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $453,600 | $329,300 | $332,700 |
| Median property tax paid per year | $4,501 | $3,357 | $3,119 |
| Property tax as a share of value | 0.99% | 1.02% | 0.94% |
| Median household income | $125,946 | $89,062 | $80,734 |
| Homes lived in by their owners | 81% | 72% | 65% |
| Owner homes with a mortgage | 71% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,504 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.7% | 21.0% |
| Median rent | $1,514 | $1,280 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.2% | 30.6% |
| Median year homes were built | 1996 | 1979 | 1980 |
| Vacant homes | 2.6% | 9.3% | 10.1% |
| Population | 110,041 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Carver County
At this week's average 30-year rate of 7.11%, buying the median Carver County home of $453,600 with 20% down costs about $3,004 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,760, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $128,757 for the 20%-down payment. That payment is 29% of the median Carver County household income of $125,946; at that income and 20% down, the 28% guideline points to a home of about $444,000.
The median rent here is $1,514 a month, so owning the median home costs about $1,490 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,720 |
|---|---|
| Loan amount | $362,880 |
| Principal and interest | $2,441 |
| Property taxes (0.99% a year) | $374 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| PMI | $0 |
| Total per month | $3,004 |
Change the numbers in the calculator
| Down payment | $15,876 |
|---|---|
| Loan amount | $445,384 |
| Principal and interest | $2,996 |
| Property taxes (0.99% a year) | $374 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| FHA mortgage insurance | $201 |
| Total per month | $3,760 |
Change the numbers in the calculator
Questions about home buying in Carver County
What is the median home value in Carver County?
About $453,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carver County?
Homeowners pay a median $4,501 a year, which is about 0.99% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Carver County?
For the median home with 20% down at 7.11%, the payment is about $3,004 a month. Keeping that under 28% of gross income takes about $128,757 a year.
More about Carver County
- Mortgage Refinance in Carver County
- Debt Relief in Carver County
- Home Equity Loans in Carver County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data