Housing in Elko New Market, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$482,450
Median List Price
$455,990
Price Per Sq Ft
$184
Days on Market
86
Active Inventory
37
Months of Supply
6.2
Buyer's market
Zillow Home Value
$459,721
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
23
Pending Sales
5
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$184
Median List $/SF
$205
Elko New Market vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Elko New Market 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
$407,400
Median Rent
$2,311
Total Housing Units
1,682
Vacancy Rate
6.2%
Owner Occupied
94.2%
Renter Occupied
5.8%
Median Property Tax
$4,481
per year
Monthly Cost (w/ Mortgage)
$2,110
Housing Types
The current median sale price in Elko New Market, MN is $482,450 according to Redfin data. Homes spend a median of 86 days on the market. 33.3% of homes sold above asking price. The market has 6.2 months of supply. The median price per square foot is $184. The median rent is $2,311 per month (Census ACS). About 94.2% of housing units are owner-occupied. The median year homes were built is 2004. There are 1,682 total housing units.