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MN area data

Elk River, MN

Elk River, MN.

Population: 45,721 (Census ACS)

The typical home value in Elk River, MN is $419,087 — up 1.7% over the past year. Homes sell for a median $455,000 after a median 31 days on market. Typical rent runs $2,139/month. 26 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with strong wind, hail, lightning the top-rated hazards. Cost of living is 1.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$419,087

Typical home value

+1.7%

1-year change

31

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Typical home value
$419,087
1-year appreciation
+1.7%
3-year appreciation
+5.6%
5-year appreciation
+16.1%
10-year appreciation
+71.5%
Peak value since 2000 (Aug 2026)
$419,087
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$455,000
Median list price
$450,000
Median price per sqft
$198
1-year sale-price change
+4.6%
Median days on market
31 days
Homes sold (recent period)
248
For-sale inventory
178
Sale-to-list ratio
99.8%
Active listings
169
1-year forecast
+1.3%
Days to pending
36 days
New listings (monthly)
70

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,139/mo
Studio fair-market rent
$1,265/mo
1BR fair-market rent
$1,427/mo
2BR fair-market rent
$1,734/mo
3BR fair-market rent
$2,264/mo
4BR fair-market rent
$2,538/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
98.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
26
Elementary schools
8
Middle schools
7
High schools
9
Charter schools
6
Avg student-teacher ratio
19.1 : 1
School districts serving the area
SPECTRUM HIGH SCHOOL, Three Rivers Montessori School, Elk River Public School District
Schools include
SPECTRUM HIGH SCHOOL, Spectrum Middle School - Grade 6, Spectrum Middle School - Grades 7-8, Spectrum Online Middle School, Spectrum Online High School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
strong wind, hail, lightning, tornado
Notable hazard ratings (county)
strong wind: Relatively High · hail: Relatively Moderate · tornado: Relatively Moderate · lightning: Relatively Moderate · drought: Relatively Low · cold wave: Relatively Low
Most common flood zone among NFIP claims
Zone AE
NFIP flood claims on record
25
Wildfire risk to homes (county)
Higher than 45% of US counties
Buildings in wildfire direct-exposure zone
66.0%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
South Andover Site (14.6 mi)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
44.0°F
Average high
55.0°F
Average low
33.0°F
Annual precipitation
32.9 in
Annual snowfall
35.7 in
USDA plant hardiness zone
4b (extreme annual low -25 to -20°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
8.2 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
58,441
Jobs reachable by transit (45 min)
59,431

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Mississippi National River & Recreation Area (35 mi)
Airports within 30 mi
30
Nearest airport
Meadowvale Airport (2 mi)
Nearest major airport
Saint Cloud Regional Airport (STC) (28 mi)
Hospitals in or near this ZIP
30
Hospitals include
NORTH MEMORIAL HEALTH HOSPITAL, HENNEPIN COUNTY MEDICAL CENTER, CAMBRIDGE MEDICAL CENTER
Avg hospital rating (CMS)
3.7 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
+310 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
2000
Housing built before 1970
10.6%
Housing built 2000 or later
49.7%
Median annual property tax
$4,150
Mean commute to work
24 min
Households with broadband internet
81.8%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
23,755
Average weekly wage
$1,124
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
319

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

Elk RiverState medianUS median
Typical home value$419,087$300,176$288,527
Median sale price$455,000$315,500$325,000
Median days on market31 days39 days51 days
Typical rent$2,139/mo$1,670/mo$1,809/mo
Median annual property tax$4,150$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Elk River, MN?
$419,087.
What is the median sale price in Elk River, MN?
$455,000.
How long do homes take to sell in Elk River, MN?
Median days on market: 31 days.
What is typical rent in Elk River, MN?
Typical rent: $2,139/month.
What is the natural-hazard risk in Elk River, MN?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: strong wind, hail, lightning, tornado.
Is Elk River, MN in a flood zone?
Flood zones vary by property within Elk River, MN. 25 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is AE. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in Elk River, MN?
Risk to homes is higher than 45% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Elk River, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Elk River, MN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Elk River, MN?
26 schools (8 elementary, 7 middle, 9 high) (NCES, 2024-25).
Is Elk River, MN walkable?
Walkability index: 8.2/20 (EPA Smart Location Database).
What is the cost of living in Elk River, MN?
Regional Price Parity: 98.6 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP code for Elk River

Listing a home in Elk River, MN?

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents