House Prices

House Prices & Home Values Elko New Market, MN 2026


Average Data

average house price$386,128
average size per house2625 ft²
average price per ft²148 $ / ft²

06/26/2026 - The value range (VR) for house prices in Elko New Market, MN is $142/ sqft to $174/ sqft. An average home with 2625 sqft costs approximately $372,750 to $456,750. Elko New Market, MN includes 2 ZIP codes and it is located in Scott county. The lowest prices are found in ZIP 55020, while the highest are in ZIP 55054. The average price per sqare feet is $148. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Elko New Market

55020140 $ / ft²
55054175 $ / ft²




Historical development of home values in Elko New Market

Year Estimated value (USD) Change vs. 2025
2010 $179,325 -53.6%
2011 $172,390 -55.4%
2012 $171,926 -55.5%
2013 $178,352 -53.8%
2014 $187,221 -51.5%
2015 $196,830 -49.0%
2016 $207,102 -46.4%
2017 $218,280 -43.5%
2018 $230,347 -40.3%
2019 $241,028 -37.6%
2020 $253,488 -34.4%
2021 $288,315 -25.3%
2022 $336,111 -13.0%
2023 $354,445 -8.2%
2024 $374,950 -2.9%
2025 $386,128 0.0%

Graph: estimated home values in Elko New Market over time (USD)



Example: 100% financing house in Elko New Market

Loan amount: $386,128

Interest rate: 6.00%

Fixed monthly payment: $2,315.03

Breakdown in the 1st month:
Interest portion: $1,930.64  –  Principal portion: $384.39

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,038.69 $4,741.70 $381,386.30
2 $22,746.23 $5,034.15 $376,352.15
3 $22,435.74 $5,344.65 $371,007.50
4 $22,106.09 $5,674.30 $365,333.20
5 $21,756.11 $6,024.27 $359,308.93
6 $21,384.55 $6,395.84 $352,913.09
7 $20,990.07 $6,790.32 $346,122.77
8 $20,571.26 $7,209.13 $338,913.64
9 $20,126.61 $7,653.78 $331,259.86
10 $19,654.55 $8,125.84 $323,134.02
11 $19,153.36 $8,627.03 $314,506.99
12 $18,621.27 $9,159.12 $305,347.86
13 $18,056.35 $9,724.04 $295,623.82
14 $17,456.59 $10,323.80 $285,300.03
15 $16,819.84 $10,960.55 $274,339.48
16 $16,143.82 $11,636.57 $262,702.91
17 $15,426.10 $12,354.29 $250,348.63
18 $14,664.12 $13,116.27 $237,232.36
19 $13,855.13 $13,925.25 $223,307.10
20 $12,996.26 $14,784.13 $208,522.97
21 $12,084.40 $15,695.99 $192,826.98
22 $11,116.31 $16,664.08 $176,162.90
23 $10,088.50 $17,691.89 $158,471.01
24 $8,997.31 $18,783.08 $139,687.93
25 $7,838.81 $19,941.58 $119,746.35
26 $6,608.86 $21,171.53 $98,574.82
27 $5,303.04 $22,477.35 $76,097.47
28 $3,916.69 $23,863.70 $52,233.77
29 $2,444.83 $25,335.56 $26,898.20
30 $882.18 $26,898.20 $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 Elko New Market, MN


1500 sqft3900 sqft
Ø selling price$268,621$571,428
Ø fast selling$244,201$514,286
Ø high price sale$293,040$628,571

In 2026, houses in Elko New Market, MN will be offered at an average price of $148 per square foot. A 1,500 sqft home priced at $268,621 is 22.61% more expensive per square foot than a 3,900 sqft home priced at $571,428. Home prices in Elko New Market, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $395,605. Sellers who can wait longer may achieve a higher price of up to $483,517.


Discover Elko New Market, MN

Located in Scott County just south of the Twin Cities, Elko New Market, MN blends small-town charm with metro convenience.
With fast access to I-35, residents enjoy quick commutes to Minneapolis, St. Paul, and major employers.

Community and Lifestyle

Elko New Market Minnesota is known for friendly neighborhoods, well-maintained parks, and a welcoming, close-knit vibe.
Local schools and youth programs anchor the community, making it a popular choice for families and newcomers.

Things to Do

Weekend fun includes the iconic Elko Speedway and seasonal drive-in movies, plus nearby golf, biking, and snow sports.
Outdoor lovers explore regional trails and lakes across Scott County, from calm fishing spots to scenic picnic areas.

Housing and Business

Housing options range from new construction and townhomes to acreage properties, offering value compared to larger suburbs.
A pro-business climate supports small shops, services, and light industrial spaces, with room to grow along the I-35 corridor.

Quality of Life and Events

Community events, farmers markets, and local festivals fill the calendar and strengthen hometown pride.
Clean streets, open spaces, and steady city planning ensure Elko New Market, MN stays vibrant as it grows.



FAQ – Home Values in Elko New Market

What is the median home value in Elko New Market in 2026?

In 2026, the typical home value in Elko New Market is about $386,128 for an average home size of 2625 square feet. This corresponds to an average price of roughly $148 per square foot.

What is the average cost per square foot in Elko New Market?

In 2026, homes in Elko New Market sell for an average of around $148 per square foot, with a typical range between $142 and $174 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 Elko New Market is about 2625 square feet, with an estimated 2026 value around $386,128.



Locations close to Elko New Market, MN

Newport, MN204 $ / ft²
North Branch, MN206 $ / ft²
Northfield, MN121 $ / ft²
Nerstrand, MN84 $ / ft²
Morristown, MN167 $ / ft²
Mora, MN131 $ / ft²
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