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ZipNumbers

Minnesota · Census place 18674

Elk River city, MN

Quick answer

Elk River city has 26,367 residents, ranking #40 of 914 places in Minnesota. Median household income is $99,457, the median home is worth $338,300 and median gross rent runs $1,269 a month.

Population
26,367Elk River city residents
Median household income
$99,457Past 12 months, inflation adjusted
Median home value
$338,300Owner-occupied units
Median gross rent
$1,269Rent plus utilities, monthly
Median age
37.3 yrsAll residents
Homeownership rate
80%Owner-occupied households

What the numbers mean in Elk River city

Housing cost measured against local earnings.

A household earning the Elk River city median would spend about 15.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.2% of residents and 80% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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