Home values, rents and more in Lake Elmo, MN
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Lake Elmo in ProMap- Under $340k
- $340k–$380k
- $380k–$510k
- $510k–$540k
- $540k+
- No data
How Lake Elmo compares
The typical home in Lake Elmo, MN is worth about $644,000, according to the Zillow Home Value Index for September 2026. Home values in Lake Elmo are 1.7 times the typical value in the Minneapolis metro area ($388,000) and 1.8 times the U.S. typical value ($366,000).
Over the past year, home values in Lake Elmo rose 3.4%, compared with +1.7% in the Minneapolis metro area and +1.2% nationally.
Typical rent is $2,758 a month (Zillow Observed Rent Index), 1.6 times the Minneapolis metro area ($1,736) and 43% above the U.S. ($1,932).
The median household income is $153,669, against $99,833 in the Minneapolis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 13,140 people live in Lake Elmo (American Community Survey 2020–24).
Lake Elmo has the 18th-highest typical home value of the 203 cities in the Minneapolis metro area and the 20th-highest of 675 in Minnesota with Zillow figures.
Part of: Washington County, MN · Minneapolis metro area · Minnesota
More for Lake Elmo in ProMap Plus
These measures are on the map for subscribers. Open ProMap to see them for Lake Elmo and every other place.
- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Lake Elmo, MN
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.