Median home value: $382K (+2.2% YoY). Rent: $1,848/mo. Price-to-rent: 17.2x. Part of Minneapolis-St. Paul-Bloomington, MN-WI.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Minneapolis-St. Paul-Bloomington, MN-WI metro page.
Home Value$382,307
+2.2%
Rent$1,848/mo
AFFORDABILITYRenting $493/mo cheaper ($1,848 rent)6.00% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Elk River.
$76,461 on $382,307
Out of reach — 37.5% of income
Need $100,329/yr to afford.
PITI$2,341
P/I37.5%
Afford$286K
Gap-$97K
P&I $1,834Tax $357Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing