Lake Elmo, MN—55042
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$630,000
1.6% YoY Growth
Household Income
$155,000
34.6% YoY Growth
Days on Market
36
1.0% Longer YoY
Home Price Forecast
-1.3%
Median Rent
$2,900
19.9% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,520
10.6% YoY Growth
3-Bed Rent
$2,900
15.3% YoY Growth
Home Price Trends — Lake Elmo, MN
As of May '26, the median home price in Lake Elmo, MN is $630,000, with a year-over-year change of 1.6%. This indicates that home prices in Lake Elmo, MN are increasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $630,000 | 1.6% |
| Single Family | $631,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |