How much does it cost to buy a house in Elbow Lake, MN?

In June 2026 Elbow Lake homes were listed to buy for a median price of $200K, which is a 32% decrease to May 2025 last month, and a 32% decrease to June 2025 last year. The median value of a home listed to buy in Elbow Lake in June 2026 was $101 per sqft, which is a 34% decrease to May 2025 last month, and a 33% decrease to June 2025 last year.

Is it affordable or expensive to live in Elbow Lake, MN?

It is affordable to live in Elbow Lake. Buying a home in Elbow Lake is 0% less expensive compared with the national average.

Is it a good time to buy property in Elbow Lake, MN?

Yes now is a good time to buy property in Elbow Lake, in June 2026, homes in Elbow Lake have decreased in value (price per sqft) by 33% in the last year compared with June 2025.

Is the Elbow Lake, MN housing market slowing down?

In June 2026, homes to buy in Elbow Lake spent an median 90 days on the market, a same June 2025 last year.

How much money should I make to buy a house in Elbow Lake, MN?

In June 2026, Elbow Lake homes were listed to buy for a median price of $200K, with 25% down you would need $1.17K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $40.3K.

Is it a good time to sell my house in Elbow Lake, MN?

Yes now is a good time to sell your house in Elbow Lake, in June 2026, homes in Elbow Lake have decreased in value (price per sqft) by 33% in the last year compared with June 2025.