The story of this market
The typical home in Credit River, Minnesota sells for about $595,000, or $254 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,710 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Credit River, Minnesota
Credit River remains a highly desirable, affluent residential market characterized by low inventory and strong home values. The market is driven by high demand from families seeking large-lot properties and access to top-tier schools, resulting in steady price appreciation. While rental data is sparse due to the city's near-total owner-occupancy, the overall housing market remains stable and resilient.
No ARED county foreclosure postings attributed to Credit River yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 3.2% year over year.
Homes spend a median of 45 days on market with 3.1 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 2.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A local green space providing walking trails and natural areas that serve as a community focal point for outdoor recreation.
Extensive trail network connecting the city to neighboring Prior Lake, facilitating cycling and pedestrian access to regional amenities.
Credit River is ideal for affluent family buyers seeking large-lot, single-family homes in a quiet, semi-rural setting. It is less suited for renters or those requiring high-density urban amenities, as the community is defined by its low-density residential character and high homeownership rates.
The city is served by high-performing public school districts that are well-regarded for academic achievement and extracurricular opportunities. Local schools consistently rank among the top in Scott County, contributing to the area's appeal for families.
Transportation is heavily reliant on private vehicles, with access to the metro area provided by major highway corridors including MN-13 and US-169. There is no significant public transit infrastructure within the city limits.
The city offers extensive outdoor recreation opportunities, including access to local parks, trails, and the Credit River itself. Residents benefit from proximity to the larger amenity base of the Prior Lake area, which includes golf courses, lakes, and regional shopping centers.
The rental market in Credit River is extremely limited due to the city's overwhelming owner-occupancy rate of 97.5%. Rental inventory is scarce, and the market is not a primary focus for institutional investors or short-term rental operators.
The local economy is primarily residential, with residents largely commuting to major employment hubs in the Minneapolis-St. Paul metro area. The city itself has a minimal commercial footprint, focusing on maintaining its semi-rural, high-income character.
Credit River functions primarily as a residential enclave with limited commercial development, relying on nearby Prior Lake and Savage for major employment and infrastructure. Economic momentum is driven by its desirability as a high-income bedroom community, with steady demand for single-family housing.
Development is strictly managed to preserve the city's low-density, residential nature, with limited new commercial or high-density residential projects currently in the pipeline.
Parcels are subject to standard Scott County and school district levies, with no significant MUD or PID special districts reported.
Credit River maintains a low crime rate consistent with its status as a quiet, semi-rural residential community. Reported crime remains significantly lower than the regional average for the Minneapolis-St. Paul metropolitan area.
The area faces standard Midwestern climate risks, including severe thunderstorms and occasional winter weather impacts. Flood risk is generally low, though localized drainage management is a standard consideration for property owners in the Credit River watershed.
Property insurance premiums are stable, reflecting the area's low risk for major natural disasters and high-quality residential construction standards.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and American Community Survey 5-Year Estimates.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
County linkage populates as this city's member ZIP reports roster beneath it.
No ZIP intel reports rostered under this city yet — property dossiers roll up through the ZIP tier, so the chain populates as the county refreshes discover them.