Home Insurance in Chanhassen, Minnesota
The median home value in Chanhassen is $566,300, 25% higher than the Carver County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Chanhassen was built around 1994. About 7% of homes were built before 1960, about 4 points below Carver County's 11%.
In Chanhassen, the housing stock is 88% single-family homes and 11% apartments in buildings with 5+ units.
73% of owner-occupied homes in Chanhassen carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 84% of occupied homes in Chanhassen are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
85% of homes in Chanhassen are primarily heated with natural gas.
FEMA rates Carver County's overall risk as Relatively Low, led by strong wind (Relatively High). Carver County had 107 active NFIP flood policies as of September 2026. See the full Carver County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $566,300 |
|---|---|
| Median year built | 1994 |
| Owner-occupied share | 84% |
| Share of owner-occupied homes with a mortgage | 73% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Carver County | 107 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)