Housing in Elk River, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$429,900
Median List Price
$450,917
Price Per Sq Ft
$178
Days on Market
83
Active Inventory
48
Months of Supply
2.3
Seller's market
Zillow Home Value
$382,307
ZHVI — January 2026
Zillow Rent Index
$1,848
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
19.1%
Off Market in 2 Weeks
25.0%
Sale-to-List Ratio
97.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
21
New Listings
18
Pending Sales
24
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$178
Median List $/SF
$183
Elk River vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Elk River is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$338,300
Median Rent
$1,269
Total Housing Units
10,114
Vacancy Rate
4.8%
Owner Occupied
80.0%
Renter Occupied
20.0%
Median Property Tax
$3,994
per year
Monthly Cost (w/ Mortgage)
$1,665
Housing Types
The current median sale price in Elk River, MN is $429,900 according to Redfin data. Homes spend a median of 83 days on the market. 19.1% of homes sold above asking price. The market has 2.3 months of supply. The median price per square foot is $178. Zillow's observed rent index is $1,848/month. About 80.0% of housing units are owner-occupied. The median year homes were built is 1995. There are 10,114 total housing units.