Elbow Lake: Housing & Real Estate
Housing in Elbow Lake centers on a median value of $126,900, with median rent $742 (about the same as Grant County median $778; 1.6× below Minnesota median $1,170). Homeownership rate: 68.7%. That's 1.3× below the Grant County median ($161,100); 2.3× below the Minnesota median ($290,542). A municipal building code is in effect.
- 2.1× annual income — home value vs. household income (vs Minnesota 3.2×).
- 14.3 years to break even renting at the median (vs Minnesota 21y).
Home Values & Rent
Median home value $126,900 — 0.4× the Minnesota median ($290,541). Median rent $742/month. homeownership rate 68.7% — above the U.S. share of ~65%.
| Median Home Value | $126,900 (vs Minnesota $290,542) |
|---|---|
| Median Rent | $742 (vs Minnesota $1,170) |
Other
| Homeownership Rate | 68.7% |
|---|---|
| Median Year Built | 1958 |