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Median Home Price in Elk River, MN

The median home value in Elk River, MN is $402,011 as of 2026-07-31, up 1.84% from a year earlier.

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Median Home Value

$402,011

Year-over-Year

+1.84%

Population

27,826

Elk River ranks #31 of 112 Minnesota cities tracked here by median home value, and sits 12.9% above the state's city median of $355,920. It sits in Sherburne County, where the county-wide median is $395,563.

Housing affordability in Elk River

Median household income in Elk River is $108,741, so the typical home value is about 3.7× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.

Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).

Crime in Elk River

Elk River police recorded a violent crime rate of 90 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 1,006 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Elk River

What is the average home price in Elk River, MN?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Elk River, that value is $402,011. That's up 1.84% from a year earlier. It is about 12.9% above the typical Minnesota city tracked here.

Is Elk River expensive compared to the surrounding area?

Homes in Elk River are more expensive than Sherburne County as a whole, where the median is $395,563 — a difference of about 1.6%.

Is Elk River affordable?

Median household income here is $108,741, so the typical home value is about 3.7× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.

Is Elk River a safe place to live?

Elk River police reported 90 violent crimes per 100,000 residents, covering a population of about 27,826. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.