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Waconia

Waconia

Located in Carver County

$505,126 Average Value
$220 Average Price per Sq Ft
114 Homes For Sale

Waconia is a former resort town and a current water recreation hub

Waconia, Minnesota was founded in the mid-1800s as a resort community on the shores of Lake Waconia. Located 35 miles west of Minneapolis and 45 miles west of St. Paul, it became a place for people to get out of the city and into the fresh air. While many resorts closed with the invention of the automobile, Jeff Schulz, a lifelong resident and Realtor with Re/Max Advantage Plus-Waconia, says Waconia is still a destination. “It’s an amazing town that always has activity,” he says. “It’s small-town living, but you can drive 40 minutes to a Twins game or a Vikings game. There are community centers, walking trails, bike trails. It has stuff for everyone, young and old.” Schulz does have a warning for visitors, though. He says, “Careful when you come here, because you may never want to leave.”

Waconia has an historic downtown.
Waconia has an historic downtown.
Waconia is a quaint town west of the twin cities.
Waconia is a quaint town west of the twin cities.
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Waconia homes vary widely in age, price

Homes in Waconia vary widely in style and price. Craftsman and ramblers are popular home styles, and many new builds feature takes on the modern farmhouse design. Home prices can range anywhere from $325,000 for a 1910 three-bedroom house located downtown to $900,000 for a 2023 five-bedroom home located on the edge of the city. The market in Waconia is pretty active, and the median sales price stays around $471,000, which is higher than the national median. Schulz says he sees a mix of homebuyers in Waconia, from first-time owners to empty nesters.

Some recent home developments are located along the lake.
Some recent home developments are located along the lake.
Recently constructed craftsmans are found in various developments.
Recently constructed craftsmans are found in various developments.
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Celebrate Nickle Dickle Day in Waconia

Every September, Waconia residents gear up to celebrate Nickle Dickle Day. The festival was started more than 60 years ago by business owners who wanted to attract people to shop downtown. Many items were available for a nickel, and dickle is derived from a German word for bartering, honoring the town’s German heritage. The festival is now held in City Square Park and features an arts and crafts fair, library book sale, car and truck show, duck races, live music and more. While the festival attracts tens of thousands of visitors annually, Schulz says, “Obviously things aren’t a nickel these days, but you can still get nickel beers."

Lake Waconia offers swimming, boating, fishing

There’s no shortage of parks in Waconia, with many concentrated along the lakeshore. Lake Waconia Regional Park is split into two sections, one on the mainland and one on Coney Island of the West, an island a half mile offshore. On the mainland, there’s a swimming area with a sandy beach and launches for both kayaks and boats. On the island side, there’s a walking trail and dock. During the cold Minnesota winters, residents can walk across the frozen lake to the island, and many still go out with their icehouses to ice fish. “People throw icehouse parties," Schulz says "There are probably 1,000 ice houses that are like lodges and fully heated.”

Lake Waconia has a regional park with a beach.
Lake Waconia has a regional park with a beach.
Lake Waconia is a popular ice fishing destination in the winter time.
Lake Waconia is a popular ice fishing destination in the winter time.
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Waconia has a coveted Mackenthun location, lakeside restaurant

Downtown Waconia has many older buildings that remain from its early days, including a mix of repurposed shingled homes and some more traditional brick storefronts. Today, these are now filled with local shops including a bakery, hair salon, movie theater, florist, and assorted bars and restaurants. For a meal with a water view, Lola’s Lakehouse serves up seafood and American fare with views of Lake Waconia. Waconia is also home to one of three Mackenthun’s locations – a grocery store known for its award-winning meat department, homemade sausage and baked goods.

Mackenthun's is the major grocer in the Waconia area.
Mackenthun's is the major grocer in the Waconia area.
Main Street in downtown Waconia is home to restaurants and businesses.
Main Street in downtown Waconia is home to restaurants and businesses.
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State Highway 5 connects Waconia to Twin Cities

State Highway 5 runs through Waconia, connecting residents to the Minneapolis-St. Paul International Airport and to downtown St. Paul. The airport is about 33 miles away, while St. Paul is 45 miles away. To get to Minneapolis, residents can use Highway 5 to get to Interstate 494. The nearest hospital is the Ridgeview Medical Center, which is located right in downtown Waconia.

Waconia Public Schools district is 30th best in Minnesota

Waconia is part of the Waconia Public Schools system, or Independent School District 110. The district earns an A-minus rating from Niche and is named the 30th best district in the state. The district has three elementary schools, one middle school and one high school. The student-teacher ratio is low, at 15:1.

Waconia Middle School is ranked 44th in Minnesota middle schools
Waconia Middle School is ranked 44th in Minnesota middle schools
Waconia high School has a 97 percent graduation rate.
Waconia high School has a 97 percent graduation rate.
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Important to know

Waconia has a typical northern climate, with warm summers and cold winters. Winter lasts about five months, and the area averages more than 50 inches of snow annually.
Waconia is served by the Carver County Sheriff’s Department, so crime data for the city is not readily available.

Written By
Tanner Harding
Stewart Taveras
Video By
Stewart Taveras

Interested in learning more about homes in this area? Reach out to David Saint Germain, an experienced agent in this area.

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Waconia Housing Trends

Housing Trends

Median List Price
$485,000
Median Sale Price
$481,842
Median Single Family Sale Price
$490,980
Median Townhouse Sale Price
$329,500
Median Change From 1st List Price
0%
Last 12 months Home Sales
306
Median Home Sale Price YoY Change
6%
Average Price Per Sq Ft
$220

Area Facts

Number of Homes
4,879
Number of Homes for Sale
114
Median Year Built
1999
Months of Supply
4.50
Average Single Family Home Size Sq Ft
2,111
Above the national average
1,929
Average Townhouse Size Sq Ft
1,387
Median Lot Size Sq Ft
11,761

Open Houses

  • Thursday, Oct 30
    Open Thu 12PM - 5PM

    718 Winterberry Ln, Waconia, MN 55387

    $635,000

    • 5 Beds
    • 3 Baths
    • 3,003 Sq Ft
    • 718 Winterberry Ln
    • New 15 days ago

    Ask how you can receive up to $10,000 in closing costs on this home! * Home under construction * Welcome to The Jordan Plan by DR Horton in The Fields community. This 5 bedroom, 3 bath home offers beautiful white cabinets, open concept, main level bedroom and a wonderful dining room area. The upper-level boasts walk-in closets in ALL of the bedrooms, a large loft area and laundry. This home has

    Ashley Relopez D.R. Horton, Inc.

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  • Sunday, Nov 2
    Open Sun 11AM - 12:30PM

    550 Tiffany Ln, Waconia, MN 55387

    $299,900

    • 3 Beds
    • 1.5 Baths
    • 1,740 Sq Ft
    • 550 Tiffany Ln

    Nestled in a prime location, this beautifully crafted two-level townhome features 3 spacious bedrooms and 2 well-appointed bathrooms, along with thoughtful updates throughout. At the heart of the home is a stunning kitchen with rich espresso cabinetry, granite countertops, and an oversized island with seating for four—ideal for gathering and entertaining. Stainless steel appliances, a built-in

    Matthew Turek RE/MAX Advantage Plus

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  • Thursday, Oct 30
    Open Thu 12PM - 5PM

    1951 Woods Point, Waconia, MN 55387

    $685,000

    • 2 Beds
    • 2 Baths
    • 2,102 Sq Ft
    • 1951 Woods Point
    • New 14 days ago

    Welcome to KEY LAND Homes Villas at Woodland Creek. You will be impressed with the attention to detail from the moment you step onto the welcoming front porch. Grand 10' ceilings grace the entire home. The gourmet kitchen is the heart of the home with high end appliances and dramatic waterfall island. The kitchen opens into the dining room where you will host numerous holidays and gatherings

    Andrea Sullivan Keyland Realty, LLC

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Waconia Has More Owners

Demographics

Total Population
14,621
Median Age
40
Population under 18
26.4%
On par with the national average
23.8%
Population over 65
17.2%
On par with the national average
19.1%

Finances

Median Household Income
$95,881
Significantly above the national average
$71,702
Average Household Income
$120,673

Education and Workforce

High School Graduates
97.4%
College Graduates
52.2%
Above the national average
34.1%
Advanced Degrees
15.8%
% Population in Labor Force
76.7%
Above the national average
65.1%

Weather

Annual Precipitation
30''
Average Winter Low Temperature
3°F
Average Summer High Temperature
81°F
Annual Snowfall
34''

Area Factors

Somewhat Bikeable

Bike Score®®

49 / 100

Very Walkable

Walk Score®®

70 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Waconia
David Saint Germain
MetroHomesMarket.com
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