Commercial Real Estate Market in Carver, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 42 off-market properties in Carver, MN.
Market Trends
Carver, MN spans 27.4 square miles in Carver County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Carver, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Carver, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Carver, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Carver, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 46.5%
- Residential 42.8%
- Civic 6.6%
- Commercial 2.6%
- Industrial 1.4%
Largest Zones share of zoned land by district
Park
Medium Density Residential Planned Residential District
Medium Density Residential
Low Density Residential
Agriculture
Carver, MN zones 3,167 acres across 12 districts. Commercial zoning covers 2.6% of zoned land, residential 42.8%, open space 46.5% and industrial 1.4%. The largest single district is Park at 46.5%. For commercial buyers the practical constraint is that only 4.1% of land carries a commercial or industrial designation.
Park (P)
The purpose of this district is to preserve significant natural features and amenities such as lakes, rivers, marshes, steep hills and extensive woodlands in their natural state in order to assure continuation of the existing natural drainage system, to prevent harmful soil erosion, to maintain ecological balance and to assure their permanent use for their n…
Market overview
Demographics & Economy
Carver, MN has 6,353 residents in 2,504 households. Density runs 231 people per square mile. Median household income here is $140,446 and median gross rent $1,359 a month.
6,353
Population
2,504
Households
2.5
Avg Household Size
36
Median Age
56%
College-Educated
98%
High-School Grad
27.4 sq mi
ZIP Area
231
Density / Sq Mi
$140,446
Median Household Income
$70,107
Median Earnings
$1,359
Median Rent
$433,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chaska | — | — |
| Shakopee | — | — |
| Jordan | — | — |
| Chanhassen | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Carver?
Carver, MN zones 3,167 acres across 12 districts, of which 2.6% is commercial and 1.4% industrial. The largest single district is Park at 46.5% of zoned land. The purpose of this district is to preserve significant natural features and amenities such as lakes, rivers, marshes, steep hills and extensive woodlands in their natural state in order to assure continuation of the existing natural drainage system, to prevent harmful soil erosion, to maintain ecological balance and to assure their permanent use for their n… Residential zoning covers 42.8% and open space 46.5%.
Where does Realmo's Carver market data come from?
Realmo compiles Carver, MN figures from 3 recent recorded sales, 7 active sale listings, 1 active lease listings, 42 tracked off-market properties, the current Carver zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 1 active for-lease listings in Carver, MN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,167 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
