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Elba, MN
Full City Profile · Minnesota · Wabasha County County
3.7
/5.0
B+
Good
82
Population
42/sq mi density
$69,583
Median Income
$45,868 per capita
$166,700
Home Value
$231,473 Zillow
45°F
Avg Temperature
270 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$69,583 median income, 3.8% unemployment
A+
Affordability
5.0 / 5.0
$166,700 home value, /mo rent
C
Education
2.0 / 5.0
13.0% bachelor's degree or higher
Housing Overview
Median Home Value
$166,700
41% below
US avg: $281,900
Homeownership Rate
91.9%
41% above US avg (65.4%)
Total Housing Units
54
Median year built: 1945
Home Value by Source
Census Median
$166,700
Zillow (ZHVI)
$231,473
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.9%
Owner-Occupied
8.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Affordability & Housing Stock
Rent Burden
28.3%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1945
Average age of housing stock: 81 years
Homeownership Rate
91.9%
Complete Housing Data
Home Values
| Census Median Value | $166,700 |
| Zillow Home Value (ZHVI) | $231,473 |
Rent
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 91.9% |
| Renter-Occupied | 8.1% |
| Homeownership Rate | 91.9% |
| Total Housing Units | 54 |
| Median Year Built | 1945 |
| Rent Burden | 28.3% |