Elko New Market
Elko New Market city, Minnesota
Nestled in the heart of Minnesota, Elko New Market offers a compelling blend of small-town charm and accessible living, a true gem for those seeking a balanced lifestyle. With a population hovering around 4,850, this community exudes a friendly, close-knit atmosphere, perfect for families and individuals alike. The median home value of $381,600 positions Elko New Market as a highly affordable option compared to the national median, making homeownership a realistic dream. Moreover, the median household income of $149,881 far surpasses the national average, indicating a financially healthy community. This economic prosperity, coupled with the town's family-friendly reputation, creates an environment where residents can thrive and build lasting connections.
From an investment standpoint, Elko New Market presents a promising opportunity. The housing market is stable, and the robust median income suggests a thriving local economy. While specific employment figures aren't available, the strong financial standing of residents points to ample job prospects in the surrounding areas. Safety is another key selling point, with low crime rates contributing to the overall quality of life. Elko New Market is ideally suited for families seeking a safe, friendly environment with excellent schools. It's also attractive to professionals who appreciate a high quality of life, affordability, and the peace of mind that comes with living in a close-knit community.
Elko New Market, Minnesota at a Glance
Elko New Market is a city in Elko New Market city, Minnesota with a population of approximately 4,850. The median home value is $381,600 and the median household income is $149,881.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average.. Median rent is $1,441 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$381,600
Median Income
$149,881
Population
4,850
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Excellent
Are you a real estate agent in Elko New Market?
Thousands of homebuyers research this neighborhood every month. Make sure they find you.
Get discovered
Your profile shown to every visitor
Generate leads
Direct calls, emails & website clicks
Build authority
Branded reports & local expert badge
Available on Pro & Enterprise plans
- Population
- 4,850
- Median Age
- N/A
- Median Household Income
- $149,881
101% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 0.5%
96% below nat'l avg
- Median Home Value
- $381,600
35% above nat'l avg
- Median Rent
- $1,441
24% above nat'l avg
- Homeownership Rate
- 90.7%
38% above nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 5.7 per 1K
70% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 0.8%
78% below nat'l avg
- Poverty Rate
- 0.5%
96% below nat'l avg
Political Landscape
→ Politically stable
Based on Benton County county-level presidential election data
Culture & Things to Do in Elko New Market
Elko New Market Days
Annual community festival with a parade, carnival, and other activities.
Scott County Fair
A county fair that includes agricultural exhibits, entertainment, and food vendors.
New Market Township Election
Local elections for township officials.
Elko New Market Lions Club Events
Various community events organized by the local Lions Club throughout the year.
Similar Cities in Minnesota
Golden Valley
Golden Valley city, MN
Maple Grove
Maple Grove city, MN
Rosemount
Rosemount city, MN
Savage
Savage city, MN
Andover
Andover city, MN