Housing in Elbow Lake, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$194,034
Elbow Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Elbow Lake is highlighted.
Median Home Value
31st%ilemost expensive$120,800show rank
Median Rent
8th%ilemost expensive rent$600show rank
Rent Burden
81st%ilehighest rent burden24.0%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$120,800
Median Rent
$600
Total Housing Units
66
Vacancy Rate
54.5%
Owner Occupied
60.0%
Renter Occupied
40.0%
Median Property Tax
$1,833
per year
Monthly Cost (w/ Mortgage)
$350
Housing Types
Single Family98.5%
Multi-Family1.5%
Mobile Home0.0%
The median home value in Elbow Lake, MN is $120,800. According to Zillow, the home value index for Elbow Lake is $194,034. The median rent is $600 per month (Census ACS). About 60.0% of housing units are owner-occupied. The median year homes were built is 1976. There are 66 total housing units.