55317 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Carver County
Centroid: Latitude 44.855, Longitude -93.551
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55317 has segments in 2 Counties (Carver, Hennepin).

Businesses Addresses: 764
PO Box Addresses: 266
Residential Addresses: 8,396

Multi-Family Addresses: 1,114
Single Family Addresses: 7,282

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Chanhassen, MN 55317 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	21,582 (100%)
Population in Households	21,573 (100.0%)
Population in Families	18,691 (86.6%)
Population in Group Quarters¹	9 ( 0.0%)
Population Density	1,583
Diversity Index²	25


INCOME
Median Household Income	$126,385
Average Household Income	$160,830
% of Income for Mortgage⁴	13%
Per Capita Income	$60,072
Wealth Index⁵	235

HOUSING
Total HU (Housing Units)	8,338 (100%)
Owner Occupied HU	6,955 (83.4%)
Renter Occupied HU	1,106 (13.3%)
Vacant Housing Units	277 ( 3.3%)
Median Home Value	$385,651
Average Home Value	$452,063
Housing Affordability Index³	183

HOUSEHOLDS
Total Households	8,061
Average Household Size	2.68
Family Households	5,852
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Chanhassen, MN 55317 - Peer Comparisons by Rank and Percentile

The table below compares 55317 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	1.51%	1.15%
Households	1.56%	1.25%
Families	1.46%	1.17%
Median Household Income		1.65%
Per Capita Income		1.78%
Owner Occupied HU		0.99%

Variable Description	Rank	Percentile
Total Population	# 89	90th
Population Density	# 95	89th
Median Household Income	# 13	99th
Housing Affordability Index	# 359	41st
Per Capita Income	# 23	97th
Diversity Index	# 243	72nd

Chanhassen, MN 55317 ZIP Code Profile

ZIP Code 55317: Basic Data & USPS Preferred City Name

Chanhassen, MN 55317 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Chanhassen, MN 55317 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 55317

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