ELK RIVER
Downtown Commute: 33 miles, 35–45 min
Airport Commute: 43 miles, 45–60 min
New Developments 2 Communities
Tax Rate: 1.18%
Restaurants 20 rated 4.5+
A spacious, outdoors-oriented community offering strong value, recreation, and room to grow.
MARKET SNAPSHOT
Elk River has a different feel than many Twin Cities suburbs because it reads more like a regional small city with a strong outdoor identity than a dense commuter suburb. A big part of that comes from its setting at the confluence of the Elk and Mississippi Rivers, along with a historic downtown that still gives the city some recognizable character and a stronger sense of place than many purely growth-driven markets. Elk River appeals to buyers who want more breathing room, a quieter overall pace, and better access to nature without giving up the convenience of a developed community. The city maintains 41 parks and 1,388 acres of parkland, and its park system goes beyond the basics with a conservation area, mountain bike park, cross-country ski trails, and even a biathlon course. That gives Elk River a much more recreation-oriented profile than many similarly priced suburbs farther in. That outdoor focus becomes even more obvious in places like Woodland Trails Regional Park, a 427-acre park with woods, prairies, and wetlands that also includes the Great Northern Trail running through it. “A regional small city with a strong outdoor identity and historic downtown character.”
Median Sales Prices: — Single Family: $424,990 — Townhomes: $268,450 — New Construction: $442,900
Price Per Square Foot: — Resale Homes: $179 — New Construction: $265
Month Supply of Inventory: 2.9
Brandon Doyle | brandon@doylerealestateteam.com | 612–702–7687
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