Median home value in zip code 55020 (Elko New Market, MN) is $506,863, up 2.1% year over year. Part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area.

Home Value$506,863

YoY Change

+2.1%

Prices rising — worse for buyers.

Affordability

Enter your income for 55020 (Elko New Market).

Income (annual)

Down Payment

$101,373 on $506,863

Example: $75,000 household income. Change it above to see your own.

Out of reach51.4% of income

Need $137,614/yr to afford.

PITI$3,211

P/I51.4%

Afford$276K

Gap-$231K

P&I $2,563Tax $498Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

55020 is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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