Zip 55042 (Lake Elmo, MN) Housing

The housing market in 55042 Lake Elmo, MN is strong and growing. The median value of homes in the area is $606,500, which is significantly higher than the US House median value of $338,100. Additionally, the one year house appreciation rate in Lake Elmo is 6.66%, lower than the US average of 8.27%. This indicates that although prices are high, they are growing at a slower rate than across the country and may be an indication of a healthy and stabilized market.

The median home cost in Lake Elmo (zip 55042) is $606,500. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Lake Elmo (zip 55042) is up 12.2%.

Average Age of Homes

- The median age of Lake Elmo (zip 55042) real estate is 32 years old

The Rental Market in Lake Elmo (zip 55042)

- Renters make up 7.0% of the Lake Elmo (zip 55042) population
- 0.0% of houses and apartments in Lake Elmo (zip 55042), 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	Lake Elmo, Minnesota	United States
	4,320.0	139,647,020.0
	25	42
	$606,500	$338,100
	12.2%	16.6%
	47.9%	57.0%
	94.0%	101.1%
	$8.25	$10.98
	$3,993	$2,690
	90.5%	57.4%
	4.2%	11.2%
	5.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	1.0%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	6.1%	2.6%
	1.7%	2.4%
	0.3%	2.8%
	1.3%	3.9%
	0.0%	4.5%
	1.3%	11.3%
	0.6%	13.0%
	7.3%	20.1%
	12.4%	13.6%
	22.6%	8.3%
	34.6%	9.7%
	8.1%	3.9%
	3.2%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.4%	0.2%
	16.6%	13.6%
	16.6%	13.6%
	18.3%	13.6%
	9.0%	13.2%
	14.7%	14.8%
	18.3%	13.6%
	7.0%	10.0%
	0.7%	4.7%
	3.9%	12.2%

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