Zip 55330 (Elk River, MN) Housing

Elk River, MN is an attractive city to buy a house in. The median value of houses in Elk River is $355,900, which is slightly higher than the US median house value of $338,100. In the past year, the US median house appreciation rate was 8.27%, while Elk River had an appreciation rate of 6.82%. This suggests that housing prices in Elk River are changing at a slightly slower pace than the national average and could provide potential buyers with stability in their investments.

The median home cost in Elk River (zip 55330) is $355,900. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Elk River (zip 55330) is up 11.0%.

Average Age of Homes

- The median age of Elk River (zip 55330) real estate is 23 years old

The Rental Market in Elk River (zip 55330)

- Renters make up 15.8% of the Elk River (zip 55330) population
- 0.3% of houses and apartments in Elk River (zip 55330), 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
	15,948.0	139,647,020.0
	28	42
	$355,900	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.69	$10.98
	$3,243	$2,690
	81.5%	57.4%
	4.6%	11.2%
	13.9%	31.4%
Vacant Housing
	0.3%	1.9%
	0.3%	0.4%
	0.1%	0.7%
	0.4%	0.4%
	1.6%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.7%	2.4%
	1.6%	2.8%
	0.1%	3.9%
	0.2%	4.5%
	2.5%	11.3%
	17.1%	13.0%
	36.1%	20.1%
	24.2%	13.6%
	11.5%	8.3%
	4.1%	9.7%
	0.4%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.8%	0.2%
	25.8%	13.6%
	25.8%	13.6%
	15.4%	13.6%
	14.6%	13.2%
	18.9%	14.8%
	15.4%	13.6%
	2.9%	10.0%
	0.6%	4.7%
	2.2%	12.2%

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