How much does it cost to buy a house in Elk River, MN?

In May 2026 Elk River homes were listed to buy for a median price of $445K, which is same as April 2025 last month, and same as May 2025 last year. The median value of a home listed to buy in Elk River in May 2026 was $200 per sqft, which is a 7% decrease to April 2025 last month, and a 6% decrease to May 2025 last year.

Is it affordable or expensive to live in Elk River, MN?

It is expensive to live in Elk River. Buying a home in Elk River is 1% more expensive compared with the national average.

Is it a good time to buy property in Elk River, MN?

Yes now is a good time to buy property in Elk River, in May 2026, homes in Elk River have decreased in value (price per sqft) by 6% in the last year compared with May 2025.

Is the Elk River, MN housing market slowing down?

In May 2026, homes to buy in Elk River spent an median 36 days on the market, a same May 2025 last year.

What are the best and safest places to live in Elk River, MN?

The best and safest neighborhoods to live in Elk River in May 2026 are Kenwood, Lowry Hill, Linden Hills, Nicollet Island, Fulton, Lynnhurst, Downtown East, Bryn Mawr, Tangletown, Warehouse District, Keewaydin, North Loop, East Harriet, Cooper, King Field, Powderhorn Park, Prospect Park-East River Road, Minnehaha, Loring Park, Uptown

How much money should I make to buy a house in Elk River, MN?

In May 2026, Elk River homes were listed to buy for a median price of $445K, with 25% down you would need $2.56K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $87.7K.

Is it a good time to sell my house in Elk River, MN?

Yes now is a good time to sell your house in Elk River, in May 2026, homes in Elk River have decreased in value (price per sqft) by 6% in the last year compared with May 2025.

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Elk River, MN Real Estate Snapshot

List Price

$440,900

$/Sqft

$200

Homes For Sale

184

Home Size

1,973 Sqft

Days on Movoto

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