Zip 55020 (Elko New Market, MN) Housing

The housing market in Elko New Market, MN (55020) is quite impressive, with the median house value sitting at $445,200. This is significantly higher than the United States median of $338,100. In the past year alone, house appreciation in Elko New Market has been 6.66%, which is slightly below the US average of 8.27%. With such high values and a steady rate of appreciation, it's easy to see why Elko New Market is a desirable place to call home.

The median home cost in Elko New Market (zip 55020) is $445,200. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Elko New Market (zip 55020) is up 12.2%.

Average Age of Homes

- The median age of Elko New Market (zip 55020) real estate is 17 years old

The Rental Market in Elko New Market (zip 55020)

- Renters make up 6.1% of the Elko New Market (zip 55020) population
- 0.0% of houses and apartments in Elko New Market (zip 55020), 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
	1,427.0	139,647,020.0
	21	42
	$445,200	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$11.51	$10.98
	$4,381	$2,690
	95.3%	57.4%
	3.8%	11.2%
	0.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.8%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	1.0%	4.5%
	0.0%	11.3%
	1.3%	13.0%
	9.6%	20.1%
	46.2%	13.6%
	21.3%	8.3%
	15.7%	9.7%
	2.1%	3.9%
	1.2%	2.2%
	0.4%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	41.9%	13.6%
	41.9%	13.6%
	15.0%	13.6%
	15.1%	13.2%
	7.7%	14.8%
	15.0%	13.6%
	0.0%	10.0%
	3.6%	4.7%
	3.2%	12.2%

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