$1,540
2 bd1 ba891 sqft
1105 Lions Park Dr NW APT 106
Elk River, MN Housing Market
$399,244
2.0% 1-yrThe average Elk River, MN home value is $399,244, up 2.0% over the past year, and homes go to pending in around 26 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Elk River Key Takeaways
Typical Home Values: $399,244
1-Year Value Change: +2%
(Data through August 31, 2026)
Elk River Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 103 ()
New Listings: 39 ()
Median Sale to List Ratio: 1.000 ()
Median Sale Price: $367,167 ()
Median List Price: $423,250 ()
Percent of Sales Over List Price: 40.9% ()
Percent of Sales Under List Price: 28.3% ()
Median Days to Pending: 26 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Elk River
- NameMedian ZHVI
- Downtown--
- Northwoods$658,383
- Oak Grove$457,532
- Orchard Trail$564,954
- Commerce--
- Founders$383,464
- River North$478,248
- Tessman$370,813
- Eiden$470,170
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Elk River Rental Market Trends
Average Rent: $2,069 ()
National Average Rent: $1,948 ()
Month-Over-Month Change: -1% ()
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Elk River, MN?
The median home value in Elk River, MN is $399,244 as of August 2026. This represents a 0.5% increase compared to last month and a 2.0% increase year-over-year.
How have home values changed in Elk River, MN?
Home values in Elk River, MN have increased by 0.5% month-over-month and 2.0% year-over-year.
How do home values in Elk River, MN compare to Sherburne County, Minnesota, and the national average?
The median home value in Elk River, MN ($399,244) compares to: Sherburne County ($392,714), Minnesota ($350,752), and the U.S. national median ($368,697).
