House Prices

House Prices & Home Values Elbow Lake, MN 2026


Average Data

average house price$109,147
average size per house1475 ft²
average price per ft²75 $ / ft²

05/21/2026 - The value range (VR) for house prices in Elbow Lake, MN is $75/ sqft to $75/ sqft. An average home with 1475 sqft costs approximately $110,625 to $110,625. Elbow Lake, MN includes 1 ZIP codes and it is located in Grant county. The lowest prices are found in ZIP 56531, while the highest are in ZIP 56531. The average price per sqare feet is $75. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Elbow Lake

5653174 $ / ft²




Historical development of home values in Elbow Lake

Year Estimated value (USD) Change vs. 2025
2010 $50,690 -53.6%
2011 $48,730 -55.4%
2012 $48,598 -55.5%
2013 $50,415 -53.8%
2014 $52,922 -51.5%
2015 $55,638 -49.0%
2016 $58,542 -46.4%
2017 $61,701 -43.5%
2018 $65,112 -40.3%
2019 $68,132 -37.6%
2020 $71,654 -34.4%
2021 $81,498 -25.3%
2022 $95,009 -13.0%
2023 $100,191 -8.2%
2024 $105,987 -2.9%
2025 $109,147 0.0%

Graph: estimated home values in Elbow Lake over time (USD)



Example: 100% financing house in Elbow Lake

Loan amount: $109,147

Interest rate: 6.00%

Fixed monthly payment: $654.39

Breakdown in the 1st month:
Interest portion: $545.74  –  Principal portion: $108.66

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $6,512.36 $1,340.34 $107,806.66
2 $6,429.69 $1,423.01 $106,383.66
3 $6,341.92 $1,510.78 $104,872.88
4 $6,248.74 $1,603.96 $103,268.92
5 $6,149.81 $1,702.88 $101,566.04
6 $6,044.78 $1,807.92 $99,758.12
7 $5,933.27 $1,919.42 $97,838.70
8 $5,814.89 $2,037.81 $95,800.89
9 $5,689.20 $2,163.50 $93,637.39
10 $5,555.76 $2,296.94 $91,340.46
11 $5,414.09 $2,438.61 $88,901.85
12 $5,263.68 $2,589.01 $86,312.84
13 $5,104.00 $2,748.70 $83,564.14
14 $4,934.46 $2,918.23 $80,645.91
15 $4,754.47 $3,098.22 $77,547.68
16 $4,563.38 $3,289.31 $74,258.37
17 $4,360.50 $3,492.19 $70,766.18
18 $4,145.11 $3,707.58 $67,058.59
19 $3,916.44 $3,936.26 $63,122.33
20 $3,673.66 $4,179.04 $58,943.29
21 $3,415.90 $4,436.79 $54,506.50
22 $3,142.25 $4,710.44 $49,796.06
23 $2,851.72 $5,000.97 $44,795.08
24 $2,543.27 $5,309.42 $39,485.66
25 $2,215.80 $5,636.90 $33,848.76
26 $1,868.13 $5,984.57 $27,864.19
27 $1,499.01 $6,353.68 $21,510.51
28 $1,107.13 $6,745.56 $14,764.95
29 $691.08 $7,161.62 $7,603.33
30 $249.37 $7,603.33 $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 Elbow Lake, MN


1500 sqft3900 sqft
Ø selling price$136,126$289,575
Ø fast selling$123,751$260,618
Ø high price sale$148,500$318,533

In 2026, houses in Elbow Lake, MN will be offered at an average price of $75 per square foot. A 1,500 sqft home priced at $136,126 is 22.43% more expensive per square foot than a 3,900 sqft home priced at $289,575. Home prices in Elbow Lake, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $200,476. Sellers who can wait longer may achieve a higher price of up to $245,026.

FAQ – Home Values in Elbow Lake

What is the median home value in Elbow Lake in 2026?

In 2026, the typical home value in Elbow Lake is about $109,147 for an average home size of 1475 square feet. This corresponds to an average price of roughly $75 per square foot.

What is the average cost per square foot in Elbow Lake?

In 2026, homes in Elbow Lake sell for an average of around $75 per square foot, with a typical range between $75 and $75 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 Elbow Lake is about 1475 square feet, with an estimated 2026 value around $109,147.



Locations close to Elbow Lake, MN

Elizabeth, MN78 $ / ft²
Erhard, MN227 $ / ft²
Erskine, MN68 $ / ft²
Dilworth, MN134 $ / ft²
Dent, MN275 $ / ft²
Deer Creek, MN104 $ / ft²
  imprint  Privacy