House Prices

House Prices & Home Values Elmore, MN 2026


Average Data

average house price$221,175
average size per house1858 ft²
average price per ft²120 $ / ft²

06/27/2026 - The value range (VR) for house prices in Elmore, MN is $119/ sqft to $119/ sqft. An average home with 1858 sqft costs approximately $221,102 to $221,102. Elmore, MN includes 1 ZIP codes and it is located in Faribault county. The lowest prices are found in ZIP 56027, while the highest are in ZIP 56027. The average price per sqare feet is $120. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Elmore

56027130 $ / ft²




Historical development of home values in Elmore

Year Estimated value (USD) Change vs. 2025
2010 $102,718 -53.6%
2011 $98,746 -55.4%
2012 $98,480 -55.5%
2013 $102,161 -53.8%
2014 $107,240 -51.5%
2015 $112,744 -49.0%
2016 $118,628 -46.4%
2017 $125,031 -43.5%
2018 $131,943 -40.3%
2019 $138,061 -37.6%
2020 $145,199 -34.4%
2021 $165,148 -25.3%
2022 $192,525 -13.0%
2023 $203,027 -8.2%
2024 $214,772 -2.9%
2025 $221,175 0.0%

Graph: estimated home values in Elmore over time (USD)



Example: 100% financing house in Elmore

Loan amount: $221,175

Interest rate: 6.00%

Fixed monthly payment: $1,326.06

Breakdown in the 1st month:
Interest portion: $1,105.88  –  Principal portion: $220.18

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,196.62 $2,716.05 $218,458.95
2 $13,029.10 $2,883.58 $215,575.37
3 $12,851.24 $3,061.43 $212,513.94
4 $12,662.42 $3,250.25 $209,263.69
5 $12,461.95 $3,450.72 $205,812.97
6 $12,249.12 $3,663.55 $202,149.42
7 $12,023.16 $3,889.51 $198,259.91
8 $11,783.26 $4,129.41 $194,130.50
9 $11,528.57 $4,384.10 $189,746.40
10 $11,258.17 $4,654.50 $185,091.90
11 $10,971.09 $4,941.58 $180,150.32
12 $10,666.30 $5,246.37 $174,903.95
13 $10,342.72 $5,569.95 $169,334.00
14 $9,999.18 $5,913.49 $163,420.51
15 $9,634.44 $6,278.23 $157,142.28
16 $9,247.22 $6,665.45 $150,476.83
17 $8,836.11 $7,076.56 $143,400.27
18 $8,399.64 $7,513.03 $135,887.24
19 $7,936.25 $7,976.42 $127,910.82
20 $7,444.28 $8,468.39 $119,442.43
21 $6,921.97 $8,990.70 $110,451.73
22 $6,367.45 $9,545.22 $100,906.51
23 $5,778.72 $10,133.95 $90,772.56
24 $5,153.68 $10,758.99 $80,013.57
25 $4,490.09 $11,422.58 $68,590.98
26 $3,785.57 $12,127.10 $56,463.88
27 $3,037.59 $12,875.08 $43,588.80
28 $2,243.49 $13,669.18 $29,919.62
29 $1,400.40 $14,512.27 $15,407.35
30 $505.32 $15,407.35 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Elmore, MN


1500 sqft3900 sqft
Ø selling price$217,801$463,321
Ø fast selling$198,001$416,989
Ø high price sale$237,601$509,653

In 2026, houses in Elmore, MN will be offered at an average price of $120 per square foot. A 1,500 sqft home priced at $217,801 is 25.02% more expensive per square foot than a 3,900 sqft home priced at $463,321. Home prices in Elmore, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $320,760. Sellers who can wait longer may achieve a higher price of up to $392,041.


Explore Elmore, MN

Overview

Discover the small-town charm of Elmore, MN, a welcoming community in southern Minnesota near the Iowa border.
Set in Faribault County, Elmore offers quiet neighborhoods, local services, and easy access to regional attractions.

History and Community

Rooted in Midwestern agriculture, the town reflects a proud farming heritage and a tradition of neighborly support.
Community gatherings, local businesses, and civic organizations give Elmore, Minnesota a friendly, connected feel.

Things to Do and Outdoors

Residents enjoy parks, open skies, and nearby trails, with quick drives to lakes, golf, and family-friendly recreation.
Proximity to U.S. Highway 169 makes day trips to Blue Earth, Mankato, and north Iowa simple and scenic.

Living and Real Estate

Elmore real estate includes affordable single-family homes and roomy lots that appeal to first-time buyers and downsizers.
Low traffic, accessible amenities, and a relaxed pace of life create a comfortable everyday experience.

Schools and Access

Local schools and nearby district options provide educational pathways while regional employers support agriculture, retail, and light industry.
Whether you are relocating, investing, or planning a weekend visit, Elmore, MN delivers small-town value with big convenience.



FAQ – Home Values in Elmore

What is the median home value in Elmore in 2026?

In 2026, the typical home value in Elmore is about $221,175 for an average home size of 1858 square feet. This corresponds to an average price of roughly $120 per square foot.

What is the average cost per square foot in Elmore?

In 2026, homes in Elmore sell for an average of around $120 per square foot, with a typical range between $119 and $119 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Elmore is about 1858 square feet, with an estimated 2026 value around $221,175.



Locations close to Elmore, MN

Elysian, MN95 $ / ft²
Emmons, MN37 $ / ft²
Fairmont, MN79 $ / ft²
Ellendale, MN168 $ / ft²
Easton, MN155 $ / ft²
Eagle Lake, MN100 $ / ft²
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