What is the median home value in Elk River, MN?

Name: Home values in Elk River, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Elk River, MN is $370,100 (±$12,813), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Elk River, the median home value went from $241,400 in 2015–2019 to $370,100 in 2020–2024 (+53.3%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $370,100 (±$12,813)
Owner-occupied homes: 7,792 (±450)
Most common range: $300,000 to $499,999

Home values in Elk River

Owner-occupied homes by value, 2020–2024
Value	Elk River	Sherburne County	Minnesota	United States
Less than $50,000	1.4% (±0.8 points)	2.9%	4.0%	5.3%
$50,000 to $99,999	0.3% (±0.3 points)	0.8%	3.7%	6.1%
$100,000 to $149,999	2.3% (±1.2 points)	1.9%	5.2%	6.8%
$150,000 to $199,999	2.1% (±1.4 points)	3.5%	8.1%	9.0%
$200,000 to $299,999	24.2% (±4.6 points)	21.4%	22.6%	17.8%
$300,000 to $499,999	53.4% (±5.1 points)	53.4%	36.9%	26.9%
$500,000 to $999,999	15.8% (±3.6 points)	15.3%	17.0%	20.9%
$1,000,000 or more	0.5% (±0.5 points)	0.7%	2.6%	7.1%

The most common range is $300,000 to $499,999, 53.4% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Elk River against Sherburne County, its state and the nation

Estimate (90% margin of error)
	Elk River	Sherburne County	Minnesota	United States
Median home value	$370,100 (±$12,813)	$361,400 (±$5,581)	$329,300 (±$903)	$332,700
Owner-occupied homes	7,792 (±450)	29,598 (±586)	1,666,687 (±7,556)	84,210,142

In Elk River, the median home value is not measurably different from Sherburne County ($361,400).

It is also higher than in Minnesota ($329,300).

It is higher than the national figure ($332,700).

In Sherburne County, Elk River ranks 10 of 15 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 407 of 2,558.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Elk River have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$241,400 (±$10,345)	$370,100 (±$12,813)	+53.3%	Up after inflation
Median owner cost with a mortgage	$1,676 (±$85)	$2,075 (±$80)	+23.8%	No measurable change after inflation
Median real estate taxes	$3,019 (±$150)	$4,296 (±$128)	+42.3%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Elk River

Nearest places with a published estimate, compared with Elk River
Place	Distance	Median home value	Compared with this place
Elk River	—	$370,100 (±$12,813)	—
Otsego	5.4 mi	$396,700 (±$24,312)	Not measurably different
Nowthen	5.7 mi	$460,000 (±$20,229)	Higher
Livonia Township	7.0 mi	$411,200 (±$46,877)	Not measurably different
Big Lake Township	7.3 mi	$404,900 (±$20,135)	Higher
Ramsey	7.5 mi	$359,600 (±$8,572)	Not measurably different
Zimmerman	7.6 mi	$323,600 (±$16,452)	Lower
Albertville	8.1 mi	$343,700 (±$30,033)	Not measurably different
Big Lake	8.6 mi	$330,200 (±$11,366)	Lower

Nearby places with a measurably lower figure: Zimmerman, MN ($323,600), Big Lake, MN ($330,200).

Nearby places with a measurably higher figure: Nowthen, MN ($460,000), Big Lake Township, MN ($404,900).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Sherburne County, place by place

Rank	Place	Median home value
4	Orrock Township	$407,300 (±$47,194)
5	Big Lake Township	$404,900 (±$20,135)
6	Santiago Township	$393,700 (±$19,626)
7	Palmer Township	$382,700 (±$20,955)
8	Baldwin Township	$382,600 (±$24,575)
9	Blue Hill Township	$373,300 (±$24,606)
10	Elk River	$370,100 (±$12,813)
11	Haven Township	$346,800 (±$36,629)
12	Big Lake	$330,200 (±$11,366)
13	Zimmerman	$323,600 (±$16,452)
14	Clear Lake	$281,300 (±$39,540)
15	Becker	$271,300 (±$19,189)

Showing 12 of 15 places in Sherburne County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Elk River

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Elk River beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Elk River, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Elk River, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Elk River

What is the average home value in Elk River, MN?

The Census Bureau publishes the median: $370,100 (±$12,813) for owner-occupied homes in Elk River (2020–2024 American Community Survey).

Have home values in Elk River gone up?

In Elk River, the median home value went from $241,400 in 2015–2019 to $370,100 in 2020–2024 (+53.3%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Elk River sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Elk River city, Minnesota (place:18674, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.