Home prices
Elk River's median home cost is $241,400. It is roughly $14,800 (5%) lower in comparison to its surrounding areas.In comparison to the US as a whole it is roughly $23,900 (10%) higher, and in comparison to the city of Minneapolis it is roughly $10,200 (4%) lower.
Rents
In Elk River the median monthly rent is $1,036. It is approximately $274 (20%) lower in comparison to nearby areas.It is about $26 (2%) lower in comparison to the United States as a whole, and it is is very similar compared to the city of Minneapolis.
Nearby places
Otsego
Otsego is Elk River's neighbor to the southwest. Its real estate prices are a bit more expensive. The median home in Otsego is valued at $261,600, which comes out to $20,200 (7%) higher than Elk River. Its rents are a little more expensive. Otsego's median monthly rent is $1,362, which works out to $326 (23%) higher than Elk River.
Nowthen
Nowthen is Elk River's neighbor to the east. The real estate prices there are somewhat more expensive. Nowthen's median home value is $329,600, which comes out to $88,200 (26%) higher than Elk River. Rents there are substantially more expensive. In Nowthen the median rent is $1,607 a month, which is $571 (35%) higher than Elk River.
Ramsey
Ramsey is Elk River's neighbor to the southeast. The housing prices there are fairly similar. The median home cost in Ramsey is $251,900, which is $10,500 (4%) higher than Elk River. Rent there is somewhat more expensive. Ramsey's median monthly rent is $1,399, which is $363 (25%) higher than Elk River.
Zimmerman
Zimmerman is about 6 miles north from Elk River. Real estate prices there are somewhat less expensive. Zimmerman's median home value is $187,500, which works out to $53,900 (28%) lower than Elk River. The rent there is somewhat more expensive. The median rent in Zimmerman is $1,213 per month, which is $177 (14%) higher than Elk River.
Albertville
Albertville is about 7 miles southwest of Elk River. The real estate prices there are fairly similar. The value of the median home in Albertville is $250,400, which comes out to $9,000 (3%) higher than Elk River. Rents there are a bit less expensive. Albertville's median monthly rent is $970, which is $66 (6%) lower than Elk River.
