Elmore, MN—56027
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmore, MN
Elmore, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $75,000 | 0.6% |
| Single Family | $75,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elmore, MN
Elmore, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elmore, MN
Elmore, MN lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $75,000 | -23.0% |
Listing Count | 0 | -33.0% |
| Listings as % of Homes | 0.5% | -33.0% |
Days on Market | 74 | 30.0% |
Demographics — Elmore, MN
As of the latest ACS Survey released in 2023, Elmore, MN has a population of 667, which has decreased by -7.2% over the past 5 years. Elmore, MN is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 13.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 667 | -7.2% |
% Under 18 | 19.5% | 6.0% |
% Seniors | 26.8% | 9.4% |
% WFH | 4.5% | -51.1% |
% w/ College Degree | 13.0% | -16.1% |
As of the latest ACS Survey released in 2023, Elmore, MN is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Elmore, MN is hispanic, making up 11.8% of the population. Foreign-born residents account for 1.0% of the population in Elmore, MN, and this percentage has decreased by 41.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.1% | -9.3% |
% Black | 0.0% | N/A |
% Hispanic | 11.8% | 162.2% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.0% | -41.2% |
Mortgage and Risk — Elmore, MN
Elmore, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Elmore, MN
Elmore, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Elmore, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $75,000 |
| Median Household Income | $48,200 |