55317 ZIP Code Profile, Map, Data & Demographics

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: 752
PO Box Addresses: 221
Residential Addresses: 8,615

Multi-Family Addresses: 1,197
Single Family Addresses: 7,418

Foreclosures in MN 55317

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Chanhassen, MN 55317 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	20,796 (100%)
Population in Households	20,696 (99.5%)
Population in Families	17,830 (85.7%)
Population in Group Quarters¹	100 ( 0.5%)
Population Density	1,541
Diversity Index²	34


INCOME
Median Household Income	$131,844
Average Household Income	$171,778
% of Income for Mortgage⁴	17%
Per Capita Income	$65,907
Wealth Index⁵	211

HOUSING
Total HU (Housing Units)	8,367 (100%)
Owner Occupied HU	7,050 (84.3%)
Renter Occupied HU	988 (11.8%)
Vacant Housing Units	329 ( 3.9%)
Median Home Value	$415,308
Average Home Value	$472,443
Housing Affordability Index³	144

HOUSEHOLDS
Total Households	8,038
Average Household Size	2.57
Family Households	5,772
Average Family Size	3.00

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 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	0.10%	-0.32%
Households	0.47%	-0.26%
Families		-0.32%
Median Household Income		2.88%
Per Capita Income		2.23%
Owner Occupied HU		-0.17%

Variable Description	Rank	Percentile
Total Population	# 96	89th
Population Density	# 100	89th
Median Household Income	# 15	98th
Housing Affordability Index	# 397	45th
Per Capita Income	# 28	97th
Diversity Index	# 213	76th

55317 ZIP Code Profile, Map, Data & Demographics

ZIP Code 55317: Basic Data & USPS Preferred City Name

Chanhassen, MN 55317 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Chanhassen, MN 55317 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 55317

Use HTL Address Research for a Minnesota Address and get...

Quick & Easy Ways to...

Minnesota Census Data Comparison Tool

More Tools and Resources:

Carver County