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Elk River, MN
Full City Profile · Minnesota · Sherburne County County
3.6
/5.0
B+
Good
26,367
Population
623/sq mi density
$99,457
Median Income
$47,759 per capita
$338,300
Home Value
$388,095 Zillow
$1,269
Median Rent
26.7% income on rent
44°F
Avg Temperature
270 sunny days/yr
60
Violent Crime/100K
1,607 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$99,457 median income, 1.9% unemployment
A+
Affordability
4.8 / 5.0
$338,300 home value, $1,269/mo rent
F
Safety
1.0 / 5.0
60 violent crimes/100K
B
Education
3.5 / 5.0
30.8% bachelor's degree or higher
Housing Overview
Median Home Value
$338,300
20% above
US avg: $281,900
Median Rent
$1,269/mo
9% above
US avg: $1,163/mo
Homeownership Rate
80.0%
22% above US avg (65.4%)
Total Housing Units
9,876
Median year built: 1993
Home Value by Source
Census Median
$338,300
Zillow (ZHVI)
$388,095
Median Sale Price
$399,950
Median List Price
$462,400
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.0%
Owner-Occupied
20.0%
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:
$1,269/mo
· Zillow rent:
$1,733/mo
Market Indicators (Redfin)
Median Days on Market
38 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
28
Price Drops
22.0%
of listings with price reduction
Price Per Sq Ft
$188
Active Inventory
50
homes for sale
Affordability & Housing Stock
Rent Burden
26.7%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1993
Average age of housing stock: 33 years
Homeownership Rate
80.0%
Complete Housing Data
Home Values
| Census Median Value | $338,300 |
| Zillow Home Value (ZHVI) | $388,095 |
| Median Sale Price | $399,950 |
| Median List Price | $462,400 |
| Price Per Sq Ft | $188 |
Rent
| Census Median Rent | $1,269 |
| Zillow Rent (ZORI) | $1,733 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 38 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 22.0% |
| Homes Sold | 28 |
| Active Inventory | 50 |
| Price Per Sq Ft | $188 |
Ownership & Stock
| Owner-Occupied | 80.0% |
| Renter-Occupied | 20.0% |
| Homeownership Rate | 80.0% |
| Total Housing Units | 9,876 |
| Median Year Built | 1993 |
| Rent Burden | 26.7% |