Housing & Real Estate — Elk River, Minnesota
Overview
| Total Housing Units | 10,114 |
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| Occupied | 9,633 |
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| Vacant | 481 |
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| Owner-Occupied | 7,710 |
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| Renter-Occupied | 1,923 |
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| Median Home Value (Census) | $370,100 |
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| Estimated 2026 | ~$456,000 |
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| Median Rent | $1,269/mo |
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| Median Property Tax | $4,296/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 14.0% |
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| Severely Rent-Burdened | 27.5% |
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Housing Age
| Built 2010 or later | 1,927 |
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| Built 2000-2009 | 2,607 |
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| Built 1990-1999 | 1,786 |
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| Built before 1960 | 686 |
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| Median Year Built | 1993 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
