Elbow Lake, MN is a small town in Minnesota. The median value of housing in Elbow Lake is $157,900, which is lower than the US median house value of $338,100. In the last year, both the US and Elbow Lake have experienced an appreciation in home values of 8.27% and 8.21% respectively. This demonstrates that Elbow Lake is keeping up with the national trend in housing values and could be a great place to invest for potential buyers looking for a smaller town atmosphere.
The median home cost in Elbow Lake is $157,900. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Elbow Lake is up 13.6%.
Average Age of Homes
- The median age of Elbow Lake real estate is 64 years old
The Rental Market in Elbow Lake
- Renters make up 26.3% of the Elbow Lake population
- 5.5% of houses and apartments in Elbow Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.