The median home in Elk River, Minnesota is valued at $382,307, up 2.2% year over year. Typical monthly rent is $1,848, producing a price-to-rent ratio of 17.2x — near the national average of 18x. Elk River is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Home Value$382,307
+2.2%
Rent$1,848/mo
AFFORDABILITYRenting $592/mo cheaper ($1,848 rent)6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Elk River.
$76,461 on $382,307
Out of reach — 39% of income
Need $104,571/yr to afford.
PITI$2,440
P/I39%
Afford$274K
Gap-$108K
P&I $1,933Tax $357Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Minnesota
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Full Minneapolis-St. Paul-Bloomington, MN-WI analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Minneapolis-St. Paul-Bloomington, MN-WI metro.
View Minneapolis-St. Paul-Bloomington, MN-WI metro →