Elk River, MN Housing

The housing market in Elk River, MN is flourishing despite the US median house value being lower than that of Elk River. The median house value in Elk River is $362,100, and has appreciated by 6.82% over the past year, which is slightly behind the US average of 8.27%. Despite this slight discrepancy, Elk River remains an attractive housing market due to its affordability and potential for appreciation.

The median home cost in Elk River is $362,100. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Elk River is up 11.0%.

Average Age of Homes

- The median age of Elk River real estate is 24 years old

The Rental Market in Elk River

- Renters make up 21.8% of the Elk River population
- 0.4% of houses and apartments in Elk River, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Elk River, Minnesota	United States
	9,622.0	139,647,020.0
	31	42
	$362,100	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$12.43	$10.98
	$3,237	$2,690
	76.9%	57.4%
	4.5%	11.2%
	18.6%	31.4%
Vacant Housing
	0.4%	1.9%
	0.5%	0.4%
	0.1%	0.7%
	0.6%	0.4%
	1.2%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.6%	2.4%
	2.3%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	1.8%	11.3%
	22.6%	13.0%
	42.5%	20.1%
	17.7%	13.6%
	8.0%	8.3%
	2.9%	9.7%
	0.4%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	22.4%	13.6%
	22.4%	13.6%
	16.9%	13.6%
	18.6%	13.2%
	18.0%	14.8%
	16.9%	13.6%
	3.9%	10.0%
	0.1%	4.7%
	1.4%	12.2%

Reviews for Elk River

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Jack · Elk River, MN

Transportation Growth to Lead to Economic Growth i

Over 15 years ago

The Northstar commuter rail line and the commuter rail station in Elk River (to be completed later in 2009) that will connect Elk River to Minneapolis, and a recent More

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teri · Elk River, MN

to live

Over 17 years ago

good place to live and close to the More

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Judy · Big Lake, MN

Elk River, Minnesota

Over 18 years ago

Small town but growing, nice place to live. Will be getting mass-transit soon, to More

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