Elizabeth, MN—56533
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elizabeth, MN
As of Oct '25, the median home price in Elizabeth, MN is $213,000, with a year-over-year change of 3.2%. This indicates that home prices in Elizabeth, MN are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 3.2% |
| Single Family | $213,000 | 2.9% |
| 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 — Elizabeth, MN
Elizabeth, 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 — Elizabeth, MN
Elizabeth, MN lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $160,000 | N/A |
Listing Count | 1 | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | 16 | N/A |
Demographics — Elizabeth, MN
As of the latest ACS Survey released in 2023, Elizabeth, MN has a population of 333, which has increased by 5.7% over the past 5 years. Elizabeth, MN is a popular place for families, as children make up 28.8% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 333 | 5.7% |
% Under 18 | 28.8% | 22.6% |
% Seniors | 13.8% | 60.5% |
% WFH | 4.1% | 310.0% |
% w/ College Degree | 10.0% | -43.5% |
As of the latest ACS Survey released in 2023, Elizabeth, MN is a predominantly white area, with 96.4% of the population identifying as white. The white population has grown by 3.7% in the last 5 years. The second most common race or ethnicity in Elizabeth, MN is hispanic, making up 2.4% of the population. Foreign-born residents account for 4.5% of the population in Elizabeth, MN, and this percentage has increased by 18.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.4% | 3.7% |
% Black | 0.3% | ∞% |
% Hispanic | 2.4% | -50.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 4.5% | 18.4% |
Mortgage and Risk — Elizabeth, MN
Elizabeth, 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 — Elizabeth, MN
Elizabeth, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $1,080 |
| 2 Bedroom | N/A | N/A | $1,420 |
| 3 Bedroom | N/A | N/A | $1,960 |
| 4 Bedroom | N/A | N/A | $2,070 |
Affordability — Elizabeth, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $213,000 |
| Median Household Income | $66,800 |