A typical Elmo home is worth roughly $258,000
Home prices around Elmo have risen about 51% over the past 5 years.
What kind of housing town is Elmo?
Read from the numbers below. The page puts what stands out first.
Home prices up 51% in 5 years
The federal house price index for the ZIP codes around Elmo rose 51% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 4.1%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Elmo, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
What it takes to buy in Elmo
Try your own numbers below.
That covers a typical Elmo home, with $83K to spare.
A two-bedroom rents for about $970 a month here, $600 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Douglas County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
83% of Elmo households own their home
Half of Elmo’s homes were built before 1981.
Minnesota: 72% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Elmo vs. its neighbors
The towns that share a border with Elmo. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Elmo | $258K* | −4.1%† | $970 | $66,964 |
| Woodside | — | −4.1%† | $980 | $76,250 |
| Parkers Prairie | $185K | +0.4% | $970 | $106,250 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Elmo buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. The calculator is an estimate, not a loan offer.