Housing in Elk River
Elk River's housing market runs genuinely higher-priced than the other three markets in this Minnesota batch, a real reflection of its fast-growing exurban demand and newer housing stock.
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Learn moreThe highest average home value in this batch
Elk River's average home value ran $397,506 per Zillow (updated May 31, 2026), up a real 2.1% year-over-year, with a separately cited median price of $373,200 -- both genuinely higher than Fridley, Anoka, or Cottage Grove.
The highest property tax rate within Sherburne County
Elk River's 1.26% effective property tax rate (55330 ZIP, Ownwell) is the highest documented rate within Sherburne County, above the county's own 1.13% average and the 1.02% national median.
A newer housing stock reflecting sustained growth
Elk River's real, sustained multi-decade population growth (from ~11,220 in 1990 to over 25,835 more recently) has driven genuine new-construction housing development alongside older, established homes.
Key takeaways
- Elk River's average home value ($397,506) runs the highest among this four-city Minnesota batch.
- Elk River's 1.26% property tax rate is the highest documented rate within Sherburne County.
- Sustained population growth has driven a genuine mix of newer and established housing stock.
- Confirm current, address-specific pricing directly for any target property.
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