Housing in Carver County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Carver County averages $1,514/month for a 2‑bedroom in 2024, compared to the Minnesota median of $1,280 and the national median of $1,413. Local renters spend approximately 26% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Carver County FMR Area are $1,342 for a studio, $1,517 for 1‑bedroom, $1,846 for 2‑bedroom, $2,443 for 3‑bedroom, and $2,734 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $332 increase for a 2-bedroom in Carver County shows a 22% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Carver County was 2.6% in 2024, compared to Minnesota at 3.0% and the national rate of 4.0%.

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Towns near Watertown

City
County
State
Miles
Carver
MN
0.0
Carver
MN
4.3
Carver
MN
5.6
Carver
MN
7.3
Carver
MN
8.9
Carver
MN
9.7
Carver
MN
15.1
Carver
MN
15.2
Carver
MN
15.8
Carver
MN
16.0
Carver
MN
18.2
Sibley
MN
18.5
Carver
MN
18.9
McLeod
MN
21.9
McLeod
MN
22.4
McLeod
MN
24.3
Sibley
MN
24.7
Sibley
MN
26.5
McLeod
MN
27.2
McLeod
MN
29.8
Sibley
MN
31.8
Sibley
MN
34.0
McLeod
MN
35.8
McLeod
MN
38.5
Sibley
MN
41.6
McLeod
MN
41.7
Sibley
MN
49.1

Renter Qualifications

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