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Elk River city, MN

ZIP 55330 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55330

Median Home Value
$355,200
Median Rent
$1,211
Affordability Snapshot
$98,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,282/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55330 in Elk River city, MN, a household would need roughly $98,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,282. That sits below the local median household income ($111,481), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
84.3%+29% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
92.7%+7% vs US avg
x
4+ Bedrooms
12.0%-19% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
3.7%-47% vs US avg
x
Rent Burden >30%
7.7%-85% vs US avg
x
Mortgage-Free
22.3%-42% vs US avg
x
$355,200
Home Value
$1,211
Rent
1998
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.3%
  • 1-unit attached14.3%
  • 2-9 units2.5%
  • 10+ units9.2%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$355,200
Median rent$1,211
Owner-occupied84.3%
Vacant4.0%
Price-to-income3.2x
Est. income to buy$98,000