Lake Elmo, MN home prices
Lake Elmo, MN is flat, a premium-priced area.
Momentum-0.0%Flat
Vs typical+113%Premium
Rental yield3.7%Low yield
Real Estate Price Map scores, derived from the data on this page · how we calculate them
2000: $281,835 → today: $633,200 (2.2×)
Typical home value
$633,200
Zillow ZHVI
Since 2000
+124.7%
Rank in MN
#21
of 695 cities
Median rent
$1,958/mo
3.7% gross yield
Market read
At $633,200, homes in Lake Elmo are 113% above the typical MN city ($297,470), ranking #21 of 695 we track in the state.
Prices are down 0.0% over the last year.
Lake Elmo sits in Washington County — see the full county market data →
Home value history
Zillow Home Value Index, yearly.
Other cities in Minnesota
Minnetonka Beach · Greenwood · Woodland · Sunfish Lake · Medicine Lake · Orono
Frequently asked questions
What is the average home price in Lake Elmo, MN?
The typical Lake Elmo, MN home is worth $633,200 — 113% above the typical Minnesota city ($297,470).
Are home prices in Lake Elmo rising?
Lake Elmo home values have risen +124.7% since 2000, and moved -0.0% in the last year.
What is the rental yield in Lake Elmo?
Median rent is $1,958/mo, a gross yield of about 3.7%.
What county is Lake Elmo in?
Lake Elmo is in Washington County, where you can see full county market data.
| Year | Lake Elmo, MN home value |
|---|---|
| 2000 | $281,835 |
| 2001 | $320,398 |
| 2002 | $346,215 |
| 2003 | $383,587 |
| 2004 | $412,229 |
| 2005 | $433,269 |
| 2006 | $433,470 |
| 2007 | $428,221 |
| 2008 | $383,213 |
| 2009 | $359,272 |
| 2010 | $359,110 |
| 2011 | $340,857 |
| 2012 | $354,806 |
| 2013 | $383,856 |
| 2014 | $393,909 |
| 2015 | $413,436 |
| 2016 | $423,482 |
| 2017 | $439,320 |
| 2018 | $456,233 |
| 2019 | $471,939 |
| 2020 | $501,362 |
| 2021 | $571,787 |
| 2022 | $610,107 |
| 2023 | $612,847 |
| 2024 | $620,442 |
| 2025 | $633,231 |
| 2026 | $633,200 |