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The median home value in Elko New Market, MN is $482,779 as of 2026-07-31, up 2.16% from a year earlier.
Median Home Value
$482,779
Year-over-Year
+2.16%
Population
5,126
Elko New Market ranks #15 of 112 Minnesota cities tracked here by median home value, and sits 35.6% above the state's city median of $355,920. It sits in Scott County, where the county-wide median is $448,244.
Median household income in Elko New Market is $152,150, so the typical home value is about 3.2× 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).
Elko New Market police recorded a violent crime rate of 0 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 0 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
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 Elko New Market, that value is $482,779. That's up 2.16% from a year earlier. It is about 35.6% above the typical Minnesota city tracked here.
Homes in Elko New Market are more expensive than Scott County as a whole, where the median is $448,244 — a difference of about 7.7%.
Median household income here is $152,150, so the typical home value is about 3.2× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Elko New Market police reported 0 violent crimes per 100,000 residents, covering a population of about 5,126. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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