How Land Constraints Shape New-Home Prices in Victoria, MN
Why new construction in Victoria, MN ranges from the $300s to $1.5M. The Shoreland Overlay District, not the builder, is driving the price split.
Victoria, Minnesota
Victoria Real Estate
Homes for sale, local facts and advice for buying or selling in Victoria, Carver County, from Huerkamp Home Group.
Key takeaways
What should you know about Victoria at a glance?
Victoria is a west metro city in Carver County, home to 11,937 people. Here's what the public numbers say.
- Population: 11,937 (Census 2024 estimate; +13% since 2020)
- Median home value: $581,200, 28% higher than the Carver County median (owner estimates, Census ACS)
- Median household income: $195,639, 55% higher than Carver County
- Homeownership: 93.6% of households own their home (Minnesota: 72.2%)
- Getting around: about 36 minutes to downtown Minneapolis and 34 minutes to MSP Airport in light traffic
- Schools: Eastern Carver County Public Schools covers about 72% of the city
Sources: US Census Bureau 2024 population estimates and 2020–2024 American Community Survey; drive times from OpenStreetMap routing.
For sale now
Where can I find Victoria homes for sale?
The newest Victoria listings, live from the NorthstarMLS. Open any home for photos, maps and saved-search alerts.
$589,9004441 Obsidian Way, Victoria, MN 55386MLS #7166017
Listing courtesy of Imagine Realty
Open Tue, Nov 3 · 6–11 PM$467,51010372 Birchwood Circle, Victoria, MN 55318MLS #7167608Listing courtesy of M/I Homes
Open Tue, Nov 3 · 6–11 PM$408,85010374 Birchwood Circle, Victoria, MN 55318MLS #7167612Listing courtesy of M/I Homes
$699,900716 Woodland Hills Boulevard, Victoria, MN 55386MLS #7166695Listing courtesy of Keller Williams Premier Realty Lake Minnetonka
$526,0001431 80th Street, Victoria, MN 55386MLS #7159841Listing courtesy of Coldwell Banker Realty
$415,0001075 Victoria Greens Boulevard, Victoria, MN 55386MLS #7166761Listing courtesy of Compass
See all 60 Victoria homes for sale
- Under $200,000 1
- Under $250,000 1
- Under $300,000 2
- Under $350,000 5
- Under $400,000 13
- Under $450,000 25
- Under $500,000 28
- Under $600,000 34
- Under $700,000 40
- Under $800,000 44
- Under $1 million 53
- Under $1.5 million 55
- Under $2 million 57
- $1 million and up 7
- Single-family homes 16
- Townhomes 1
- Condos 41
- Land and lots 2
- 3+ bedrooms 52
- 4+ bedrooms 29
- 5+ bedrooms 16
- New construction 19
- Lakefront 4
- 1+ acre 9
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 7:28 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Listings from NorthstarMLS, updated every hour from 8 AM to 10 PM.
Recently sold
What did homes in Victoria sell for?
Homes sold in Victoria in the last 6 months, from NorthstarMLS.
See every Victoria sale on the map
This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Stay ahead of the market
How can you get new Victoria listings first?
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- Pick your price, beds and home type
- New listings emailed as they come on the market
- Questions answered by a local agent
Housing market · September 2026
Victoria home prices and sales
Over the 12 months through September 2026, the median sale price in Victoria was $618,300, down 2.1% from the year before, with 255 homes sold.
- Median sale price$618,300−2.1% vs. prior 12 months
- Homes sold255past 12 months
- Days on market49past 12 months
- Months of supply2.6end of September 2026
NorthstarMLS data via the Minneapolis Area REALTORS® Local Market Update, current as of October 7, 2026. Full Victoria market report
Living in
What's it like living in Victoria, MN?
The answer
Victoria is a west metro city, and it's about 36 minutes from downtown Minneapolis and 46 minutes from downtown Saint Paul in light traffic. 95.7% of its homes are single-family houses, the typical home was built around 2006, and 93.6% of households own their home.
Downtown Minneapolis36min
Downtown Saint Paul46min
MSP Airport34min
Mall of America30min
University of Minnesota40min
Hover a community —Victoria11,937 residents · Carver County
Demographics · Victoria, MN
Who lives in Victoria?
According to the Census Bureau, Victoria's median household income is $195,639, 55% higher than the Carver County median (Carver County: $125,946). The median age is 41.2, 93.6% of households own their home and 66.4% of adults hold a bachelor's degree or higher.
Population11,9374,049 households
Median household income$195,639Carver Co. $125,946 · MN $89,062
Median home value$581,200Carver Co. $453,600 · MN $329,300
Median gross rent$2,235Carver Co. $1,514 · MN $1,280
Homeowners93.6%Carver Co. 81.5% · MN 72.2%
Bachelor's degree or higher66.4%Carver Co. 50.4% · MN 39.4%
Median age41.2Carver Co. 39 · MN 38.8
Single-family homes95.7%Median year built: 2006
US Census Bureau, American Community Survey 2020–2024 5-year estimates; population from 2024 estimates. Home values are owner estimates; values shown with “+” are the Census reporting cap.
Population trend
How fast is Victoria growing?
Victoria's population grew 13% between 2020 and 2024, from 10,561 to 11,937 residents, according to Census Bureau estimates.
US Census Bureau Vintage 2024 population estimates.
Show as a table
| Year | Residents |
|---|---|
| 2020 | 10,671 |
| 2021 | 11,065 |
| 2022 | 11,311 |
| 2023 | 11,506 |
| 2024 | 11,937 |
School planning
Which schools serve a Victoria address?
- Eastern Carver County Public Schoolsabout 72% of the city
- Waconia Public School Districtabout 19% of the city
- Minnetonka Public School Districtabout 9% of the city
Ask the district for the school assignment of the exact address for the year you'll enroll, since boundaries can change. Being near a school doesn't guarantee a spot, and charter and private schools set their own rules.
Minnesota Report Card (Department of Education)
District coverage: US Census Bureau 2024 school district boundaries.
Crime data
How can you check reported crime near a home?
Ask the police department that serves the address for its current reports, and compare places only across the same time period and offense definitions. Missing data doesn't mean zero crime, and a citywide number doesn't describe a particular street.
By ZIP code
What does Victoria look like by ZIP code?
3 ZIP codes cover most of Victoria.
| ZIP | Share of city | Median home value | Median household income | Homeowners | Listings |
|---|---|---|---|---|---|
| 55386 | 73% | $565,900 | $192,458 | 93.3% | Homes for sale |
| 55331 | 20% | $737,000 | $159,450 | 86.1% | Homes for sale |
| 55318 | 7% | $420,400 | $112,243 | 69.1% | Homes for sale |
ZIP code areas (ZCTAs) covering at least 5% of the city; values for the whole ZIP area, Census ACS 2020–2024.
Outdoor living
What lakes and water are in Victoria?
Victoria has about 2 square miles of water inside city limits. 11 lakes of 10 acres or more touch Victoria; each has its own page with the lakefront homes for sale on it.
- Lake Minnetonka14,206 acres
- Lake Auburn291 acres
- Zumbra-Sunny Lake271 acres
- Wassermann Lake170 acres
- Steiger Lake166 acres
- Schutz Lake106 acres
- Lake Virginia105 acres
- Stone Lake100 acres
- Carl Krey Lake44 acres
- Tamarack Lake28 acres
- Church Lake16 acres
Commute & transportation
How easy is getting around Victoria?
Victoria residents' average one-way commute is 34.9 minutes (Census ACS). 55.3% drive alone, 1.4% take public transit and 33.3% work from home.
Average commute34.9 minMN average 22.7 min
Drive alone55.3%of workers
Public transit1.4%of workers
Work from home33.3%of workers
Drive times from Victoria
- 36 minDowntown Minneapolis
- 46 minDowntown Saint Paul
- 34 minMSP Airport
- 30 minMall of America
- 40 minUniversity of Minnesota
Drive times: OSRM routing on OpenStreetMap data from the city's Census center point, light traffic. Rush hour takes longer.
Economy & jobs
Where do Victoria residents work?
The largest share of employed Victoria residents work in education, health care and social assistance (20.3%), followed by professional, scientific and management services (15.7%). The unemployment rate averaged 1.8% over 2020–2024 (Minnesota: 4.1%).
Census ACS 2020–2024, industry of employed residents 16 and older (C24050) and employment status (B23025).
- Education, health care and social assistance20.3%
- Professional, scientific and management services15.7%
- Finance, insurance and real estate14.5%
- Manufacturing14.3%
- Retail trade10.5%
- Arts, entertainment, recreation, lodging and food5.6%
City comparison
How does Victoria compare to Chanhassen, Shorewood and Chaska?
The three communities with the shortest drive from Victoria, side by side.
| Metric | Victoria | Chanhassen | Shorewood | Chaska |
|---|---|---|---|---|
| Population (2024) | 11,937 | 25,746 | 7,557 | 30,167 |
| Change since 2020 | +13% | -0.8% | -2.9% | +8.5% |
| Median home value | $581K | $566K | $703K | $405K |
| Median household income | $196K | $144K | $171K | $111K |
| Median gross rent | $2,235 | $1,831 | $1,607 | $1,553 |
| Homeowners | 93.6% | 84.1% | 93.2% | 67.6% |
| Median age | 41.2 | 41.5 | 48.3 | 37.5 |
| Average commute | 34.9 min | 22.3 min | 22.6 min | 23 min |
| Drive to downtown Minneapolis | 36 min | 32 min | 31 min | 36 min |
Census 2024 estimates and ACS 2020–2024; drive times from OpenStreetMap routing.
Cost of ownership
What will a Victoria home cost you each month?
Enter the numbers for a specific home. The price starts at Victoria's Census median home value; the interest rate, property tax and insurance are yours to fill in from a lender quote, the county's tax statement and an insurance quote. This is an illustration, not a loan estimate.
Selling in Victoria
What's required to sell a home in Victoria?
We haven't confirmed a city pre-sale inspection for Victoria; check with the city before you list. Every Minnesota sale still includes the state disclosures: property condition, wells, septic systems, radon, lead paint for older homes and more.
Selling in Minnesota: every city's rules and the state disclosures · Estimate your net proceeds
Is Victoria right for you?
Who should buy a home in Victoria?
- Compare homes, not averages. Choose the space, layout and condition you need, and confirm it with an inspection.
- Try the drive. Test your commute at the times you'd actually travel.
- Check the schools for the address. Eastern Carver County Public Schools covers most of the city, but not all of it.
- Budget the whole payment. Include taxes, insurance, association dues and upkeep.
Planning a move
What should I verify before moving to Victoria?
- The property's current tax statement and homestead status from Carver County.
- Lender, insurance and utility quotes for the exact address, plus any association documents and special assessments.
- The seller's disclosures, including Minnesota's required radon and well disclosures.
- Whether the city requires a point-of-sale inspection or certificate (Minneapolis and Saint Paul, for example, require Truth-in-Sale-of-Housing reports).
- The school assignment for your enrollment year, confirmed with the district.
Local stories
What's happening in Victoria
Stories about Victoria: new development, parks, local businesses and the housing market.
This weekend's open houses
Can you tour Victoria homes this weekend?
Found a Victoria home you like? We'll set up a private showing, usually within a day or two, or tell you when it has an open house.
Victoria FAQ
What do Victoria buyers most often ask?
What is the median home value in Victoria?
The Census Bureau's 2020–2024 American Community Survey puts the median value of owner-occupied homes in Victoria at $581,200, 28% higher than the Carver County median (Carver County: $453,600). These are owner estimates; for current asking prices, see the Victoria homes for sale in our home search.
How many people live in Victoria, MN?
About 11,937 people, according to the Census Bureau's 2024 estimate. The city grew by 13% between 2020 and 2024.
Which school district serves Victoria?
Eastern Carver County Public Schools (about 72% of the city), Waconia Public School District (about 19% of the city) and Minnetonka Public School District (about 9% of the city). School assignment depends on the exact address, so confirm it with the district before you buy.
How far is Victoria from downtown Minneapolis?
About 36 minutes by car in light traffic, and about 46 minutes to downtown Saint Paul. Residents' average one-way commute is 34.9 minutes (Census ACS).
Is Victoria a good place to live?
It depends on what you need. Victoria has a median household income of $195,639, 93.6% homeownership and a 34.9-minute average commute. Visit at the times you'd normally drive, check the school assignment for the address, and compare total ownership costs before you decide.
What does it cost to rent in Victoria?
The median gross rent (rent plus utilities) is $2,235 a month, compared with $1,514 in Carver County (Census ACS 2020–2024).
What ZIP codes are in Victoria?
55386, 55331 and 55318 cover most of the city. ZIP code areas and city limits don't match exactly, so check the city on the property record.
What lakes are in Victoria?
The largest named lakes inside the city are Lake Zumbra (about 208 acres), Wasserman Lake (about 163 acres), Stieger Lake (about 162 acres) and Lake Virginia (about 105 acres), based on Census water maps.
How long does it take to close on a home in Victoria?
Most financed purchases close about 30 to 45 days after an accepted offer, and cash purchases can close sooner. Your lender, the appraisal and the title company set the actual timeline.
Does Victoria require an inspection to sell a home?
We haven't confirmed a city inspection requirement for Victoria. Every Minnesota seller still owes the state disclosures (property condition, wells, septic, radon and more), and some counties require a septic inspection. Check with the city before you list.
Why Huerkamp Home Group
Why work with Huerkamp Home Group?
2002Founded by Jason & Brooke Huerkamp
39Agents and staff
5.0Stars from 841 Google reviews
15+Years as a Ramsey ELP
Ready to make a move?
Want to talk to a Victoria real estate expert?
Tell us your area, budget, timing and must-haves. We'll share current listings and recent sales, and explain how we'd represent you before you decide anything.
Jason HuerkampFounder, Huerkamp Home GroupMN license 20329835(612) 843-962014300 Nicollet Ct, Ste 208, Burnsville, MN 55306
Explore nearby communities
Which communities are close to Victoria?
Drive times from Victoria in light traffic, with each community's Census median home value.
9 minChanhassenMedian home value $566KView Chanhassen →10 minShorewoodMedian home value $703KView Shorewood →12 minChaskaMedian home value $405KView Chaska →15 minTonka BayMedian home value $917KView Tonka Bay →