Median home value in zip code 55042 (Lake Elmo, MN) is $613,716, up 1.5% year over year. Part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area.

Home Value$613,716

YoY Change

+1.5%

Prices rising — worse for buyers.

Affordability

Enter your income for 55042 (Lake Elmo).

Income (annual)

Down Payment

$122,743 on $613,716

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

Out of reach61.7% of income

Need $165,300/yr to afford.

PITI$3,857

P/I61.7%

Afford$278K

Gap-$335K

P&I $3,103Tax $603Ins $150

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

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

Metro Analysis

55042 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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