Zip 56531 (Elbow Lake, MN) Housing

The housing market in Elbow Lake, MN 56531 is comparable to the broader US market. According to recent data, the median value of a house in Elbow Lake stands at $162,800, while the US median value is $338,100. Additionally, the one-year appreciation rate for both markets is very similar at 8.27% and 8.21%, respectively. Thus, potential homeowners looking to purchase a house in Elbow Lake can be assured that they are making an investment that meets national standards of quality and performance.

The median home cost in Elbow Lake (zip 56531) is $162,800. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Elbow Lake (zip 56531) is up 13.6%.

Average Age of Homes

- The median age of Elbow Lake (zip 56531) real estate is 59 years old

The Rental Market in Elbow Lake (zip 56531)

- Renters make up 18.2% of the Elbow Lake (zip 56531) population
- 3.1% of houses and apartments in Elbow Lake (zip 56531), 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	Elbow Lake, Minnesota	United States
	968.0	139,647,020.0
	55	42
	$162,800	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$11.45	$10.98
	$1,525	$2,690
	62.8%	57.4%
	18.6%	11.2%
	18.6%	31.4%
Vacant Housing
	3.1%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	12.0%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	5.3%	2.4%
	9.2%	2.8%
	10.2%	3.9%
	13.8%	4.5%
	17.1%	11.3%
	14.6%	13.0%
	11.2%	20.1%
	8.6%	13.6%
	4.3%	8.3%
	3.1%	9.7%
	0.2%	3.9%
	1.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.0%	13.6%
	12.0%	13.6%
	8.8%	13.6%
	5.7%	13.2%
	15.2%	14.8%
	8.8%	13.6%
	12.5%	10.0%
	8.1%	4.7%
	25.0%	12.2%

Reviews for Elbow Lake

See all (0)

Write a Review

Start Your Review of Elbow Lake

Commute