The median home in Lake Elmo, Minnesota is valued at $606,878, up 1.7% year over year. Lake Elmo 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.
See the full metro analysis: Minneapolis-St. Paul-Bloomington, MN-WI stress score, crash risk, and 12-month forecast →
Home Value$606,878
+1.7%
AFFORDABILITY6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Lake Elmo.
$121,376 on $606,878
Out of reach — 60.6% of income
Need $162,214/yr to afford.
PITI$3,785
P/I60.6%
Afford$281K
Gap-$326K
P&I $3,069Tax $566Ins $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 →