The median home in Elbow Lake, Minnesota is valued at $194,034, up 5.2% year over year.
Home Value$194,034
+5.2%
AFFORDABILITY6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Elbow Lake.
$38,807 on $194,034
Affordable — 21% of income
Under the 28% guideline.
PITI$1,312
P/I21%
Afford$259K
Room+$65K
P&I $981Tax $181Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Minnesota
Compare Elbow Lake with other housing markets across Minnesota.