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Elbow Lake, MN
Full City Profile · Minnesota · Mahnomen County County
3.1
/5.0
B
Good
1,158
Population
864/sq mi density
$56,786
Median Income
$32,192 per capita
$118,900
Home Value
$198,053 Zillow
$746
Median Rent
28.3% income on rent
40°F
Avg Temperature
276 sunny days/yr
123
Violent Crime/100K
3,709 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$56,786 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$118,900 home value, $746/mo rent
F
Safety
1.0 / 5.0
123 violent crimes/100K
C+
Education
2.6 / 5.0
20.0% bachelor's degree or higher
Housing Overview
Median Home Value
$118,900
58% below
US avg: $281,900
Median Rent
$746/mo
36% below
US avg: $1,163/mo
Homeownership Rate
66.8%
2% above US avg (65.4%)
Total Housing Units
67
Median year built: 1976
Home Value by Source
Census Median
$118,900
Zillow (ZHVI)
$198,053
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
66.8%
Owner-Occupied
33.2%
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:
$746/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
66.8%
Complete Housing Data
Home Values
| Census Median Value | $118,900 |
| Zillow Home Value (ZHVI) | $198,053 |
Rent
| Census Median Rent | $746 |
| 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 | 66.8% |
| Renter-Occupied | 33.2% |
| Homeownership Rate | 66.8% |
| Total Housing Units | 67 |
| Median Year Built | 1976 |
| Rent Burden | 28.3% |