Elkton, MN housing market
Home prices around Elkton have risen about 45% over the past 5 years.
Home values, sales, trends and how Elkton compares with the towns next door — updated as new data is published.
Home prices up 45% in 5 years
The federal house price index for the ZIP codes around Elkton rose 45% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 8.2%.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | +8.2% | +173% | +107% |
| 2024 | −1% | +152% | +102% |
| 2023 | +9.5% | +155% | +95% |
| 2022 | +14% | +133% | +87% |
| 2021 | +8.5% | +104% | +66% |
| 2020 | −2.4% | +88% | +52% |
| 2019 | +3.4% | +93% | +48% |
| 2018 | +6.2% | +86% | +42% |
| 2017 | +3.8% | +76% | +34% |
| 2016 | +6.7% | +69% | +27% |
| 2015 | +5% | +59% | +21% |
| 2014 | +5.8% | +51% | +17% |
| 2013 | +2.2% | +43% | +11% |
| 2012 | +2.4% | +40% | +6.4% |
| 2011 | −2% | +37% | +8% |
| 2010 | −0.1% | +39% | +14% |
| 2009 | −4% | +40% | +22% |
| 2008 | +4.3% | +45% | +30% |
| 2007 | 0% | +39% | +36% |
| 2006 | +9% | +39% | +37% |
| 2005 | +7.3% | +28% | +33% |
| 2004 | +10% | +19% | +23% |
| 2003 | +3.8% | +7.9% | +13% |
| 2002 | +4% | +4% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56514, 56547, 56580, covering 77% of Elkton’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Elkton and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Elkton | — | +8.2%† | $1,010 | $106,250 |
| Riverton | — | +1.7%† | $1,030 | $107,656 |
| Barnesville | $310K | +3.2% | $1,010 | $113,750 |
| Skree | — | +3.3%† | $990 | $97,250 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Elkton is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $700 · 4 bedrooms $1,670
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56514, 56547, 56580; Fargo, ND-MN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.