What are current home values in Elko New Market, MN?

The median home value in Elko New Market, MN is $476,560 as of August 2026. This represents a 0.2% increase compared to last month and a 2.1% increase year-over-year.

How have home values changed in Elko New Market, MN?

Home values in Elko New Market, MN have increased by 0.2% month-over-month and 2.1% year-over-year.

How do home values in Elko New Market, MN compare to Scott County, Minnesota, and the national average?

The median home value in Elko New Market, MN ($476,560) compares to: Scott County ($443,102), Minnesota ($350,752), and the U.S. national median ($368,697).

Elko New Market, MN Housing Market

$476,560

2.1% 1-yr

The average Elko New Market, MN home value is $476,560, up 2.1% over the past year. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Elko New Market Key Takeaways

Typical Home Values: $476,560

1-Year Value Change: +2.1%

(Data through August 31, 2026)

Elko New Market Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 25 (August 31, 2026)

New Listings: 10 (August 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $470,563 (August 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Elko New Market

NameMedian ZHVI
Old Town$359,640
Redwood$360,174
Galaxie Commons$278,579
Downtown$369,321
Industrial District$527,003
Alimagnet$430,500
Johnny Cake$377,181
Scott Highlands$418,387
Zoo$476,611

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Elko New Market Rental Market Trends

Average Rent: --

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.