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Today: September 22, 2025
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Elk River Real Estate Forecast, Elk River Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Elk River a good investment? The median home price in Elk River today: ▼ 374,545 USD (-5.662%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$374,545

1 Month Forecast

▲ $399,333

1-Year Forecast *

▲ $425,627

5-Year Forecast *

▲ $468,352

"Is it a good time to buy homes in Elk River?" "Does investing in real estate in Elk River (Minnesota State, Sherburne County) worth it?" According to our live Forecast System, buying a house in Elk River is a good short-term (1-year) investment*. The Elk River average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Elk River" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Elk River in Minnesota State, Sherburne County. If you are looking for homes for sale with good flipping profit, Elk River can be a profitable property investment option. The median price of an average house in Elk River was 374,545 USD on 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elk River" area is 468,352 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +25.05% meaning that investing 100000 USD today may yield a profit of 25,045 USD by 2030.

Current Median Listing Price: 374,545 USD Median Listing Price Per Square Foot: 208 USD

Elk River Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Elk River (Minnesota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

The long-term housing forecast is based on all the available median listing price recorded up to today.

Elk River Price Target

Elk River median home price target in 12 months: $425,627* (upside of 13.6%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $396,302 $397,025 $395,925 $397,025
2024 $370,382 $374,545 $369,853 $374,545
2023 $360,697 $369,668 $360,330 $369,668
2022 $346,124 $361,323 $346,124 $369,698
2021 $304,324 $342,117 $304,324 $342,117
2020 $277,744 $300,279 $277,744 $300,279
2019 $263,770 $275,490 $263,770 $275,490
2018 $247,295 $262,108 $247,295 $262,108
2017 $232,241 $245,929 $232,241 $245,929
2016 $216,529 $230,909 $216,529 $230,909
2015 $200,649 $214,616 $200,649 $214,616
2014 $185,582 $199,524 $185,582 $199,524
2013 $163,281 $184,215 $163,281 $184,215
2012 $153,441 $162,134 $146,773 $162,134

Questions & Answers about the Elk River Housing Market Forecast

How much does an average home cost in Elk River today?

The value of an average home (the listing price) in Elk River is $374,545 USD.

What is the average price per square foot in Elk River?

According to Walletinvestor the median price per square foot in Elk River is 208 USD.

Will the median listing price of homes in Elk River grow / rise / go up?

Yes. The Elk River home prices may rise from 374,545 USD to 425,627 USD in one year.

Is it profitable to invest in Elk River homes?

Yes. The long-term profit potential is +13.64% in one year.

Will Elk River house prices fall / drop?

No. See above.

What is the predicted price of a Elk River home in 2030?

The predicted home sales price of a Elk River home in 2030 in Elk River is 468,352 USD.

What is the predicted price of a Elk River home in 2035?

The predicted home sales price of a Elk River home in 2035 in Elk River is 552,492 USD.

Will real estate prices decrease in Elk River?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elk River is the 2478. largest city in the United States, located in Minnesota State.

During the last 12 months the real estate prices in Sherburne, Elk River increased, looking at the past 12 months.

According to Walletinvestor's Elk River real estate market research, home values will increase in the next 12 months.

Median home values increased by 1.017% to 374,545 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 14.988% in 2020
  • 11.978% in 2021
  • 13.608% in 2022
  • 11.718% in 2023
  • 14.618% in 2024
  • 14.398% in 2025

Based on our Elk River real estate market research and report the predicted sales prices will increase by 259.123% in the next 10 years.

Over the last 12 months, the value of homes in Elk River fluctuated: increasing 7 times and decreasing 3 times.

Elk River (Minnesota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Elk River Housing Market Forecast with Real Estate Prices for 2025
August 2025 399333 378568 420098
September 2025 401655 375146 428164
October 2025 403990 370055 437925
November 2025 406339 368955 443722
December 2025 408701 381318 436084
Elk River Housing Market Forecast with Real Estate Prices for 2026
January 2026 411077 387646 434509
February 2026 413467 380390 446544
March 2026 415871 392998 438744
April 2026 418289 381479 455098
May 2026 420720 392532 448909
June 2026 423166 381696 464637
July 2026 425627 399663 451590
August 2026 427793 400842 454744
September 2026 430280 407045 453515
October 2026 432782 401621 463942
November 2026 435298 405698 464898
December 2026 437829 412434 463223
Elk River Housing Market Forecast with Real Estate Prices for 2027
January 2027 440374 398979 481769
February 2027 442934 403513 482355
March 2027 445509 418779 472240
April 2027 448099 404186 492013
May 2027 448450 411677 485223
June 2027 446842 418244 475440
July 2027 445240 418081 472400
August 2027 443645 412146 475143
September 2027 442580 411157 474003
October 2027 442207 413463 470950
November 2027 441441 414954 467927
December 2027 440992 401302 480681
Elk River Housing Market Forecast with Real Estate Prices for 2028
January 2028 441061 407100 475023
February 2028 441847 409592 474102
March 2028 443119 408556 477683
April 2028 444553 410323 478784
May 2028 446102 413983 478222
June 2028 447871 423686 472056
July 2028 449679 425846 473512
August 2028 451072 416791 485354
September 2028 451750 426452 477048
October 2028 452419 410344 494494
November 2028 453294 410684 495903
December 2028 454886 425319 484454
Elk River Housing Market Forecast with Real Estate Prices for 2029
January 2029 456956 418115 495797
February 2029 458045 434684 481405
March 2029 457426 416258 498594
April 2029 455786 413398 498175
May 2029 454153 413279 495026
June 2029 453683 420564 486802
July 2029 454815 419794 489836
August 2029 456527 413157 499897
September 2029 458081 415938 500224
October 2029 459439 424981 493897
November 2029 462110 437619 486602
December 2029 462782 428074 497491
Elk River Housing Market Forecast with Real Estate Prices for 2030
January 2030 462384 432329 492438
February 2030 462022 430605 493440
March 2030 461670 436278 487062
April 2030 461979 415781 508177
May 2030 462953 433787 492119
June 2030 465644 434912 496377
July 2030 468352 428542 508161
August 2030 471074 424438 517711
September 2030 473813 441594 506033
October 2030 476568 434153 518982
November 2030 479339 436677 522000
December 2030 482125 456573 507678
Elk River Housing Market Forecast with Real Estate Prices for 2031
January 2031 484928 446619 523238
February 2031 487748 440436 535059
March 2031 490583 449374 531792
April 2031 493435 456921 529950
May 2031 496304 462555 530053
June 2031 498830 461917 535744
July 2031 501730 462094 541367
August 2031 504647 475882 533412
September 2031 507581 479664 535498
October 2031 510532 470711 550354
November 2031 513500 474474 552526
December 2031 516486 475683 557288
Elk River Housing Market Forecast with Real Estate Prices for 2032
January 2032 519488 481566 557411
February 2032 522509 478618 566399
March 2032 522917 481607 564227
April 2032 521043 470501 571584
May 2032 519175 484390 553960
June 2032 517314 487310 547318
July 2032 516073 472206 559939
August 2032 515637 482636 548638
September 2032 514744 474594 554894
October 2032 514220 466398 562043
November 2032 514302 463900 564703
December 2032 515218 481214 549222
Elk River Housing Market Forecast with Real Estate Prices for 2033
January 2033 516702 483116 550287
February 2033 518374 472757 563991
March 2033 520180 485328 555032
April 2033 522242 480463 564021
May 2033 524350 484499 564201
June 2033 525975 493365 558585
July 2033 526765 489891 563638

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.