Zip 55054 (Elko New Market, MN) Housing

The housing market in Elko New Market, MN (55054) has a median value of $394,300 which is slightly higher than the US average of $338,100. In the past year, the appreciation rate for homes in Elko New Market has been 6.66%, lower than the national average of 8.27%. With its relatively high median value and low appreciation rate, Elko New Market could be an ideal option for those looking to invest in real estate or purchase a home.

The median home cost in Elko New Market (zip 55054) is $394,300. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Elko New Market (zip 55054) is up 12.2%.

Average Age of Homes

- The median age of Elko New Market (zip 55054) real estate is 12 years old

The Rental Market in Elko New Market (zip 55054)

- Renters make up 16.7% of the Elko New Market (zip 55054) population
- 0.0% of houses and apartments in Elko New Market (zip 55054), 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	Elko New Market, Minnesota	United States
	882.0	139,647,020.0
	17	42
	$394,300	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$12.09	$10.98
	$4,082	$2,690
	76.3%	57.4%
	9.9%	11.2%
	13.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	9.9%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	2.7%	11.3%
	5.9%	13.0%
	23.8%	20.1%
	46.8%	13.6%
	15.2%	8.3%
	5.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	75.6%	13.6%
	75.6%	13.6%
	0.0%	13.6%
	3.7%	13.2%
	8.4%	14.8%
	0.0%	13.6%
	0.0%	10.0%
	0.0%	4.7%
	7.9%	12.2%

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