Housing in Savage

Savage's housing market runs genuinely moderate for the south metro, with a real, disclosed divergence in recent trend direction this record does not smooth over.

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A real, disclosed divergent trend direction

Zillow's average home value ran $416,016, UP 1.5% year-over-year, while Homes.com's separately tracked median sale price ran a close $425,000 but DOWN 2% year-over-year -- two current sources pointing in genuinely opposite directions this same pass, likely reflecting differing methodologies rather than a data error.

Moderate relative to Minnesota's statewide average

Every figure found this pass for Savage runs above Minnesota's own $331,895 statewide average home value (Zillow ZHVI, 2026), though Savage remains among the more moderate markets in this four-city batch alongside Shakopee.

A property tax rate below the statewide cluster

Savage's 1.07% effective property tax rate sits modestly below Minnesota's own real, documented 1.04%-1.15% statewide band.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.