Open
Local agent spot
This featured-agent spot is open for a licensed local real estate professional in Minnesota.
Advertise here →Elk River, MN · Market Data
Elk River, Minnesota real estate market data.
Real estate market data for Elk River, MN (Sherburne County) — Census median home value $338,300, county listing prices up about 1.1% over the past year.
Elk River, MN is in Sherburne County, Minnesota — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 26,367, with a median household income of $99,457. Census data puts Elk River's median home value at $338,300 (all owner-occupied homes); Sherburne County's current median listing price runs $437,950, up about 1.1% over the past year.
At a glance
Elk River market snapshot
Population
26,367
Median Household Income
$99,457
Median Home Value (city)
$338,300
Median Listing Price (Sherburne County)
$437,950
Median Gross Rent
$1,269/mo
Price Trend (YoY)
+1.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
Local resources
Get help buying or selling in Elk River
What can I afford?
Estimate a comfortable price range in under a minute, then connect with a lender for real numbers.
Rough estimate only (28% of income toward housing, ~6.5% illustrative rate, 30-year term) — not a loan offer or pre-qualification. Connect with a lender for real numbers →
Open
Advertise to local buyers
Lenders, inspectors, movers, and other local pros — this spot is open.
Advertise here →Why Elk River
What makes Elk River different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Elk River's median home value — across all owner-occupied homes, not just recent sales — at $338,300. Separately, Sherburne County's current median listing price (via Realtor.com data, 2026-06-01) runs $437,950. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Sherburne County's FHFA house price index shows a 2.13% annual change in 2025.
Population & Income
Elk River has an estimated population of 26,367 and a median household income of $99,457, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Elk River's Census-reported median home value works out to about 3.4x the area's median household income, and median gross rent runs roughly 15% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Reach Elk River buyers
Builders: feature your communities in front of Elk River buyers — learn about advertising ↗
Want to own this market? Ask about our Elk River domains — see available domains ↗
Common questions
Elk River FAQ
What are home values like in Elk River, MN?
The Census Bureau's American Community Survey puts Elk River's median home value at $338,300. Sherburne County's current median listing price runs $437,950, up about 1.1% over the past year.
What is the population of Elk River, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Elk River's population at approximately 26,367.
What's the median rent in Elk River, MN?
The Census ACS estimates median gross rent in Elk River at approximately $1,269 per month.
What is the median household income in Elk River, MN?
Census ACS data puts the median household income in Elk River at approximately $99,457.
Is the Elk River housing market growing?
Sherburne County's FHFA house price index shows a 2.13% annual change in 2025.
Is Elk River, MN affordable relative to income?
Census ACS data puts Elk River's median home value at about 3.4 times the median household income, with median gross rent equal to roughly 15% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
Search Elk River homes
Look up homes in Elk River
Search new construction and resale homes in Elk River — the same live MLS data agents use, not just what's summarized on this page.
Search Elk River homes ↗Get connected
Find your Elk River new home
Prices, availability, and incentives change weekly and don't always make it onto this page. Tell us your area, budget, and timeline and we'll point you to communities that fit — including options we track but haven't published here yet.
Get connected in Elk RiverExplore more
Where to go next
Get the Elk River market guide
Tell us what you're looking for — buy, sell, both, invest, rent, or you're an agent, builder, vendor, or advertiser. Include where you want to buy or sell and your address if relevant, and we'll route you to the right resource.
Buyer · Seller · Both · Investor · Renter · Agent/Broker · New Home Builder · Vendor/Service Pro · Advertiser · Other