House Prices

House Prices & Home Values Lake Elmo, MN 2026


Average Data

average house price$471,537
average size per house2874 ft²
average price per ft²165 $ / ft²

06/26/2026 - The value range (VR) for house prices in Lake Elmo, MN is $177/ sqft to $177/ sqft. An average home with 2874 sqft costs approximately $508,698 to $508,698. Lake Elmo, MN includes 1 ZIP codes and it is located in Washington county. The lowest prices are found in ZIP 55042, while the highest are in ZIP 55042. The average price per sqare feet is $165. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Lake Elmo

55042195 $ / ft²




Historical development of home values in Lake Elmo

Year Estimated value (USD) Change vs. 2025
2010 $218,990 -53.6%
2011 $210,522 -55.4%
2012 $209,955 -55.5%
2013 $217,803 -53.8%
2014 $228,633 -51.5%
2015 $240,367 -49.0%
2016 $252,911 -46.4%
2017 $266,562 -43.5%
2018 $281,299 -40.3%
2019 $294,342 -37.6%
2020 $309,558 -34.4%
2021 $352,089 -25.3%
2022 $410,457 -13.0%
2023 $432,846 -8.2%
2024 $457,886 -2.9%
2025 $471,537 0.0%

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



Example: 100% financing house in Lake Elmo

Loan amount: $471,537

Interest rate: 6.00%

Fixed monthly payment: $2,827.10

Breakdown in the 1st month:
Interest portion: $2,357.69  –  Principal portion: $469.42

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $28,134.70 $5,790.53 $465,746.47
2 $27,777.55 $6,147.68 $459,598.79
3 $27,398.38 $6,526.85 $453,071.94
4 $26,995.82 $6,929.41 $446,142.53
5 $26,568.43 $7,356.81 $438,785.72
6 $26,114.67 $7,810.56 $430,975.17
7 $25,632.94 $8,292.29 $422,682.87
8 $25,121.49 $8,803.75 $413,879.13
9 $24,578.49 $9,346.74 $404,532.38
10 $24,002.00 $9,923.23 $394,609.16
11 $23,389.96 $10,535.27 $384,073.89
12 $22,740.17 $11,185.06 $372,888.82
13 $22,050.30 $11,874.93 $361,013.89
14 $21,317.88 $12,607.35 $348,406.54
15 $20,540.28 $13,384.95 $335,021.59
16 $19,714.73 $14,210.50 $320,811.09
17 $18,838.26 $15,086.97 $305,724.11
18 $17,907.73 $16,017.51 $289,706.61
19 $16,919.80 $17,005.43 $272,701.18
20 $15,870.94 $18,054.29 $254,646.89
21 $14,757.39 $19,167.84 $235,479.05
22 $13,575.16 $20,350.07 $215,128.99
23 $12,320.02 $21,605.21 $193,523.77
24 $10,987.45 $22,937.78 $170,585.99
25 $9,572.70 $24,352.53 $146,233.47
26 $8,070.69 $25,854.54 $120,378.93
27 $6,476.04 $27,449.19 $92,929.73
28 $4,783.03 $29,142.20 $63,787.54
29 $2,985.61 $30,939.62 $32,847.91
30 $1,077.32 $32,847.91 $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 Lake Elmo, MN


1500 sqft3900 sqft
Ø selling price$299,475$637,065
Ø fast selling$272,250$573,359
Ø high price sale$326,700$700,772

In 2026, houses in Lake Elmo, MN will be offered at an average price of $165 per square foot. A 1,500 sqft home priced at $299,475 is 25.28% more expensive per square foot than a 3,900 sqft home priced at $637,065. Home prices in Lake Elmo, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $441,046. Sellers who can wait longer may achieve a higher price of up to $539,056.

FAQ – Home Values in Lake Elmo

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

In 2026, the typical home value in Lake Elmo is about $471,537 for an average home size of 2874 square feet. This corresponds to an average price of roughly $165 per square foot.

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

In 2026, homes in Lake Elmo sell for an average of around $165 per square foot, with a typical range between $177 and $177 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 Lake Elmo is about 2874 square feet, with an estimated 2026 value around $471,537.



Locations close to Lake Elmo, MN

Lakeland, MN141 $ / ft²
Lakeville, MN346 $ / ft²
Lindstrom, MN146 $ / ft²
Lake City, MN134 $ / ft²
Isanti, MN163 $ / ft²
Hugo, MN200 $ / ft²
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