Elbow Lake, MN
Full City Profile · Minnesota · Mahnomen County County
3.2
/5.0
B
Good
78
Population
864/sq mi density
$30,000
Median Income
$16,286 per capita
$120,800
Home Value
$204,755 Zillow
$600
Median Rent
28.3% income on rent
41°F
Avg Temperature
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
D
Economy
1.6 / 5.0
$30,000 median income, 21.7% unemployment
A
Affordability
4.4 / 5.0
$120,800 home value, $600/mo rent
B
Education
3.5 / 5.0
0.0% bachelor's degree or higher
Housing Overview
Median Home Value
$120,800
57% below
US avg: $281,900
Median Rent
$600/mo
48% below
US avg: $1,163/mo
Homeownership Rate
60.0%
8% below US avg (65.4%)
Total Housing Units
67
Median year built: 1976
Home Value by Source
Census Median
$120,800
Zillow (ZHVI)
$204,755
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.0%
Owner-Occupied
40.0%
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
Census median rent:
$600/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
1976
Average age of housing stock: 50 years
Homeownership Rate
60.0%
Complete Housing Data
Home Values
| Census Median Value | $120,800 |
| Zillow Home Value (ZHVI) | $204,755 |
Rent
| Census Median Rent | $600 |
| 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 | 60.0% |
| Renter-Occupied | 40.0% |
| Homeownership Rate | 60.0% |
| Total Housing Units | 67 |
| Median Year Built | 1976 |
| Rent Burden | 28.3% |