Housing & affordability in Elk River

ACS 2020–24 · four inputs · 18% of the overall score

C−

56/100
31st of 60

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The four inputs

Median home value vs metro$370,100

Minneapolis $374,00040% · scores 49

Median rent vs metro$1,283/mo

Minneapolis $1,440/mo30% · scores 42

Ownership rate79%

Minneapolis 71%15% · scores 80

Households spending >30% of income on housing22%

Minneapolis 28%15% · scores 75

Context, not scored

Median year built · Minneapolis 19811997

Houses rather than flats · Minneapolis 70%80%

Households with children · Minneapolis 30%37%

Neither direction is better here, so none of it moves the grade. It is on the page because it changes what a place is like to live in.

Vertical rule marks the Minneapolis reference. ACS 2020–24. Every scale is on the methodology page.

Best Minneapolis suburbs for housing

All 60 ranked, Elk River highlighted

1AndoverB$410,200 2ChanhassenB$566,300 3LakevilleB−$452,500 4EdinaB−$646,300 5HugoB−$408,900 6Eden PrairieB−$473,900 7Lino LakesB−$407,200 8Maple GroveB−$418,300 9RosemountB−$424,100 10PlymouthC+$491,200 11Prior LakeC+$450,700 12WoodburyC+$450,200 13OtsegoC+$396,700 14Cottage GroveC+$378,800 15SavageC+$432,300 16St. MichaelC+$390,100 17MinnetonkaC+$475,800 18RamseyC+$359,600 19Ham LakeC$442,500 20ShoreviewC$383,700 21BlaineC$352,400 22ChamplinC$358,700 23StillwaterC$414,200 24Golden ValleyC$431,400 25EaganC$397,100 26Apple ValleyC$370,400 27FarmingtonC$366,200 28ChaskaC−$404,700 29ShakopeeC−$374,800 30Elk RiverC−$370,100 31Inver Grove HeightsC−$363,400 32Forest LakeC−$393,500 33St. Louis ParkC−$386,800 34BloomingtonD+$361,700 35OakdaleD+$318,100 36CrystalD+$296,100 37White Bear LakeD+$331,800 38Coon RapidsD+$305,800 39BurnsvilleD+$355,200 40HastingsD+$322,400 41MaplewoodD+$323,200 42RosevilleD+$352,100 43Brooklyn ParkD+$336,200 44New BrightonD$364,700 45RichfieldD$344,000 46NorthfieldD$329,400 47BuffaloD$314,400 48FridleyD$302,900 49River FallsD$327,600 50South St. PaulD$281,600 51MinneapolisD−$362,200 52New HopeD−$337,000 53AnokaD−$308,700 54Brooklyn CenterD−$274,300 55Columbia HeightsD−$277,600 56HopkinsD−$375,600 57West St. PaulF$301,300 58St. PaulF$294,500 59MankatoF$261,700 60St. CloudF$225,000

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Better than Elk River on housing & affordability

Elk River grades C− on housing & affordability. Six suburbs are within 25 miles and score higher on the same four inputs.

SuburbHousingMedian home valueOwnership rateOverall

Andover12 mi from Elk RiverB$410k94% 62 C Maple Grove16 mi from Elk RiverB−$418k82% 67 C+ Plymouth22 mi from Elk RiverC+$491k75% 72 B− Otsego5 mi from Elk RiverC+$397k93% 58 C St. Michael11 mi from Elk RiverC+$390k90% 62 C Ramsey7 mi from Elk RiverC+$360k85% 60 C

Median home value: ACS 2020–24 · Ownership rate: ACS 2020–24

Six Minneapolis lists

Best Minneapolis suburbs for families Most affordable Minneapolis suburbs Best Minneapolis suburbs for schools Shortest commutes to Downtown Minneapolis Most walkable Minneapolis suburbs Best Minneapolis suburbs for young professionals

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How this works

How we score Minneapolis suburbs — every weight and source Twelve guides to moving to Minneapolis