Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elk River area can be challenging. Home prices in Elk River are now at a median cost of $264,114, lower than the Minnesota average of $269,934.
The average cost of rent is $1,245/mo in Elk River, primarily driven by the current value of real estate in the Elk River area. While nearly 24.96% of residents own their homes outright in Elk River, 13.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elk River is $8,109 per month. Households that rent pay about 15.35% of their income on rent here. Elk River's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Otsego, MN: higher priced homes
- Nowthen, MN: higher priced homes
- Albertville, MN: equally priced homes
- Ramsey, MN: higher priced homes
- Rogers, MN: higher priced homes
- Big Lake, MN: equally priced homes
- St. Michael, MN: higher priced homes
- Zimmerman, MN: equally priced homes
- Dayton, MN: higher priced homes
- Orrock, MN: higher priced homes
Cities with Similar Populations
- Fremont, NE: less expensive homes
- Jeffersontown, KY: less expensive homes
- Ilchester, MD: higher priced homes
- Huntley, IL: equally priced homes
- Hixson, TN: less expensive homes
- Highland Park, IL: higher priced homes
- Hackettstown, NJ: higher priced homes
- Gulf Breeze, FL: higher priced homes
- Garden City, MI: less expensive homes
- Garden City, ID: higher priced homes
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