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Lake Elmo (zip 55042), Minnesota   Add Favorite    0 Reviews | Review This Place




Find your Best Mortgage in Lake Elmo: Fixed Rate, Adjustable Rate, 30 years, 15 years.

Pros

-Education
-Attractive downtown
-Attractive neighborhoods

Cons

-Growth and sprawl
-Cost of living
-Harsh winters


What Bert Has To Say About Minneapolis-St. Paul-Bloomington Metro Area


The “twin cities” serve as a regional center for the upper Midwest and northern Great Plains. The fully cosmopolitan area is a balanced industrial, commercial, educational, and cultural center, and functions much as one city. The area is one of the most economically diverse in the country, serving as headquarters to large firms in agriculture, food, banking, technology, retailing, healthcare, and transportation. A few of the well-known companies include General Mills, 3M, US Bancorp, United Healthcare, and retailers Target and Best Buy. Job growth is still fairly modest, but overall, the Twin Cities have have a strong and prosperous feel.


Bert Suggests test-driving a neighborhood in Lake Elmo with an affordable short term rental. Click here to find the right place on Airbnb.


Highlights


  • Profile: Regional-center complex/Capital city
  • Time zone: Central Standard Time
  • Elevation: 838
  • Real Estate: For Sale  For Rent
  • City: Lake Elmo
  • Zip Codes: Lake Elmo (zip 55042)

Quick Facts About Lake Elmo


    ECONOMY
    The unemployment rate in Lake Elmo (zip 55042) is 3.60 percent(U.S. avg. is 5.20%). Recent job growth is Positive. Lake Elmo (zip 55042) jobs have Increased by 1.36 percent.
    COST OF LIVING
    Compared to the rest of the country, Lake Elmo (zip 55042)'s cost of living is 44.00% Higher than the U.S. average.
    POPULATION
    As of 2014, Lake Elmo (zip 55042)'s population is 8,830 people. Since 2000, it has had a population growth of 43.34 percent.
    TRANSPORTATION
    Average Commute time is 34 minutes. The National Average is 26 minutes.
    REAL ESTATE
    The median home cost in Lake Elmo (zip 55042) is $416,900. Home appreciation the last 10 years has been -6.86%.
    SCHOOLS
    Lake Elmo (zip 55042) public schools spend $12,567 per student. The average school expenditure in the U.S. is $12,383. There are about 18.8 students per teacher in Lake Elmo (zip 55042).

Lake Elmo Ranked & Rated



Lake Elmo Housing Market


It's a good time to buy in Lake Elmo. Home Appreciation is up 5.9% in the last 12 months. Browse Lake Elmo Real Estate.
The median home price in Lake Elmo is $416,900. Browse Homes in this Range.
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Reviews for Lake Elmo (zip 55042), Minnesota


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