LAKE ELMO
Downtown Commute: 25 miles, 30–40 min
Airport Commute: 25 miles, 30–40 min
New Developments 3 Communities
Tax Rate: 1.12–1.15%
Restaurants 6 rated 4.5+
A Scenic East Metro Community with Premium New Construction & Outdoor Living
Lake Elmo stands out in the east metro because it offers a different mix than many faster-built suburban markets. It carries a more scenic, lower-intensity feel, with a character shaped by open space, natural scenery, and a quieter residential atmosphere rather than heavy commercial development. The city sits between the urban core of Saint Paul and the St. Croix River Valley — close enough for convenience, but with a setting that feels more relaxed and more removed from the pace of closer-in suburbs.
MARKET SNAPSHOT
Median Sales Prices: — Single Family: $638,750 — Townhomes: $405,000 — New Construction: $614,950
“One of the east metro's most active areas for new construction,
while maintaining a calm, residential atmosphere.”
Price Per Square Foot: — Resale Homes: $230 — New Construction: $252
Housing-wise, Lake Elmo is especially appealing for buyers who want newer construction without giving up overall setting. It's one of the east metro's most active areas for new construction, with a mix of single-family homes, villas, and custom builds, and growth guided toward neighborhoods that preserve green space and maintain access to parks and schools. That makes it a strong fit for relocation buyers, move-up buyers, and anyone who wants a newer home in a community that still feels calm and residential rather than overly dense.
Month Supply of Inventory: 3
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