Elko New Market, Minnesota
Elko New Market Real Estate
Homes for sale, local facts and advice for buying or selling in Elko New Market, Scott County, from Huerkamp Home Group.
Key takeaways
What should you know about Elko New Market at a glance?
Elko New Market is a south metro city in Scott County, home to 5,193 people. Here's what the public numbers say.
- Population: 5,193 (Census 2024 estimate; +7.4% since 2020)
- Median home value: $433,100, 3% higher than the Scott County median (owner estimates, Census ACS)
- Median household income: $152,150, 28% higher than Scott County
- Homeownership: 95.5% of households own their home (Minnesota: 72.2%)
- Getting around: about 42 minutes to downtown Minneapolis and 37 minutes to MSP Airport in light traffic
- Schools: Lakeville Public School District covers about 64% of the city
Sources: US Census Bureau 2024 population estimates and 2020–2024 American Community Survey; drive times from OpenStreetMap routing.
For sale now
Where can I find Elko New Market homes for sale?
The newest Elko New Market listings, live from the NorthstarMLS. Open any home for photos, maps and saved-search alerts.
Open Sat, Nov 7 · 6–10 PM$506,990437 James Parkway, Elko New Market, MN 55054MLS #7167703
Listing courtesy of M/I Homes
Open Sat, Nov 7 · 6–10 PM$479,990251 Meadow Way, Elko New Market, MN 55054MLS #7167707Listing courtesy of M/I Homes
Open Sat, Nov 7 · 6–10 PM$468,990414 James Parkway, Elko New Market, MN 55054MLS #7167686Listing courtesy of M/I Homes
Open Sat, Nov 7 · 6–10 PM$444,990504 James Parkway, Elko New Market, MN 55054MLS #7167691Listing courtesy of M/I Homes
Open Sat, Nov 7 · 6–10 PM$439,990508 James Parkway, Elko New Market, MN 55054MLS #7167696Listing courtesy of M/I Homes
$539,9009815 Pinehurst Drive, Elko New Market, MN 55020MLS #7167453Listing courtesy of Coldwell Banker Realty - Southwest Regional
See all 67 Elko New Market homes for sale
- Under $200,000 14
- Under $250,000 16
- Under $300,000 19
- Under $350,000 22
- Under $400,000 26
- Under $450,000 33
- Under $500,000 46
- Under $600,000 59
- Under $700,000 63
- Under $800,000 65
- Under $1 million 66
- Under $1.5 million 66
- Under $2 million 67
- $1 million and up 1
- Single-family homes 23
- Condos 28
- Land and lots 16
- 3+ bedrooms 45
- 4+ bedrooms 27
- 5+ bedrooms 6
- New construction 32
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listing data last updated November 3, 2026 at 8:18 PM (Central). Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
Listings from NorthstarMLS, updated every hour from 8 AM to 10 PM.
Recently sold
What did homes in Elko New Market sell for?
Homes sold in Elko New Market in the last 6 months, from NorthstarMLS.
See every Elko New Market sale on the map
This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
Keller Williams Preferred Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Keller Williams Preferred Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
Keller Williams Preferred Realty participates in Regional MLS’s Broker Reciprocity℠ program, allowing us to display other brokers’ listings on our site. However, Keller Williams Preferred Realty displays only listings located in the Minnesota communities covered on this website. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Use of listing data is subject to the license agreement. Open House information is subject to change without warning.
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Housing market · September 2026
Elko New Market home prices and sales
Over the 12 months through September 2026, the median sale price in Elko New Market was $465,000, up 6.9% from the year before, with 117 homes sold.
- Median sale price$465,000+6.9% vs. prior 12 months
- Homes sold117past 12 months
- Days on market65past 12 months
- Months of supply5.7end of September 2026
NorthstarMLS data via the Minneapolis Area REALTORS® Local Market Update, current as of October 7, 2026. Full Elko New Market market report
Living in
What's it like living in Elko New Market, MN?
The answer
Elko New Market is a south metro city, and it's about 42 minutes from downtown Minneapolis and 43 minutes from downtown Saint Paul in light traffic. 97.9% of its homes are single-family houses, the typical home was built around 2005, and 95.5% of households own their home.
Downtown Minneapolis42min
Downtown Saint Paul43min
MSP Airport37min
Mall of America33min
University of Minnesota44min
Hover a community —Elko New Market5,193 residents · Scott County
Demographics · Elko New Market, MN
Who lives in Elko New Market?
According to the Census Bureau, Elko New Market's median household income is $152,150, 28% higher than the Scott County median (Scott County: $119,314). The median age is 33.7, 95.5% of households own their home and 42.1% of adults hold a bachelor's degree or higher.
Population5,1931,557 households
Median household income$152,150Scott Co. $119,314 · MN $89,062
Median home value$433,100Scott Co. $419,400 · MN $329,300
Median gross rent$2,200Scott Co. $1,568 · MN $1,280
Homeowners95.5%Scott Co. 83.8% · MN 72.2%
Bachelor's degree or higher42.1%Scott Co. 44.1% · MN 39.4%
Median age33.7Scott Co. 37.8 · MN 38.8
Single-family homes97.9%Median year built: 2005
US Census Bureau, American Community Survey 2020–2024 5-year estimates; population from 2024 estimates. Home values are owner estimates; values shown with “+” are the Census reporting cap.
Population trend
How fast is Elko New Market growing?
Elko New Market's population grew 7.4% between 2020 and 2024, from 4,834 to 5,193 residents, according to Census Bureau estimates.
US Census Bureau Vintage 2024 population estimates.
Show as a table
| Year | Residents |
|---|---|
| 2020 | 4,822 |
| 2021 | 4,906 |
| 2022 | 5,026 |
| 2023 | 5,052 |
| 2024 | 5,193 |
School planning
Which schools serve a Elko New Market address?
- Lakeville Public School Districtabout 64% of the city
- New Prague Area Schoolsabout 36% of the city
Ask the district for the school assignment of the exact address for the year you'll enroll, since boundaries can change. Being near a school doesn't guarantee a spot, and charter and private schools set their own rules.
Minnesota Report Card (Department of Education)
District coverage: US Census Bureau 2024 school district boundaries.
Crime data
How can you check reported crime near a home?
Ask the police department that serves the address for its current reports, and compare places only across the same time period and offense definitions. Missing data doesn't mean zero crime, and a citywide number doesn't describe a particular street.
By ZIP code
What does Elko New Market look like by ZIP code?
2 ZIP codes cover most of Elko New Market.
| ZIP | Share of city | Median home value | Median household income | Homeowners | Listings |
|---|---|---|---|---|---|
| 55020 | 71% | $455,500 | $131,071 | 99% | Homes for sale |
| 55054 | 29% | $433,100 | $157,096 | 92.1% | Homes for sale |
ZIP code areas (ZCTAs) covering at least 5% of the city; values for the whole ZIP area, Census ACS 2020–2024.
Outdoor living
What lakes and water are in Elko New Market?
Elko New Market has little open water inside city limits, but lakes and regional parks are a short drive away.
No named lakes of 10 acres or more touch the city on Census maps.
Commute & transportation
How easy is getting around Elko New Market?
Elko New Market residents' average one-way commute is 27.7 minutes (Census ACS). 74.4% drive alone, 0% take public transit and 18.6% work from home.
Average commute27.7 minMN average 22.7 min
Drive alone74.4%of workers
Public transit0%of workers
Work from home18.6%of workers
Drive times from Elko New Market
- 42 minDowntown Minneapolis
- 43 minDowntown Saint Paul
- 37 minMSP Airport
- 33 minMall of America
- 44 minUniversity of Minnesota
Drive times: OSRM routing on OpenStreetMap data from the city's Census center point, light traffic. Rush hour takes longer.
Economy & jobs
Where do Elko New Market residents work?
The largest share of employed Elko New Market residents work in education, health care and social assistance (23.1%), followed by manufacturing (19%). The unemployment rate averaged 0% over 2020–2024 (Minnesota: 4.1%).
Census ACS 2020–2024, industry of employed residents 16 and older (C24050) and employment status (B23025).
- Education, health care and social assistance23.1%
- Manufacturing19%
- Professional, scientific and management services11.5%
- Public administration8.2%
- Retail trade7.5%
- Finance, insurance and real estate7.1%
City comparison
How does Elko New Market compare to Lakeville, Credit River and New Prague?
The three communities with the shortest drive from Elko New Market, side by side.
| Metric | Elko New Market | Lakeville | Credit River | New Prague |
|---|---|---|---|---|
| Population (2024) | 5,193 | 77,971 | 5,589 | 8,235 |
| Change since 2020 | +7.4% | +12.2% | +1.5% | +0.8% |
| Median home value | $433K | $453K | $595K | $351K |
| Median household income | $152K | $139K | $143K | $95K |
| Median gross rent | $2,200 | $1,806 | — | $1,389 |
| Homeowners | 95.5% | 87.8% | 97.5% | 76.7% |
| Median age | 33.7 | 36.8 | 44.8 | 36.2 |
| Average commute | 27.7 min | 23.6 min | 24.1 min | 24.3 min |
| Drive to downtown Minneapolis | 42 min | 33 min | 38 min | 60 min |
Census 2024 estimates and ACS 2020–2024; drive times from OpenStreetMap routing.
Cost of ownership
What will a Elko New Market home cost you each month?
Enter the numbers for a specific home. The price starts at Elko New Market's Census median home value; the interest rate, property tax and insurance are yours to fill in from a lender quote, the county's tax statement and an insurance quote. This is an illustration, not a loan estimate.
Selling in Elko New Market
What's required to sell a home in Elko New Market?
We haven't confirmed a city pre-sale inspection for Elko New Market; check with the city before you list. Every Minnesota sale still includes the state disclosures: property condition, wells, septic systems, radon, lead paint for older homes and more.
Selling in Minnesota: every city's rules and the state disclosures · Estimate your net proceeds
Is Elko New Market right for you?
Who should buy a home in Elko New Market?
- Compare homes, not averages. Choose the space, layout and condition you need, and confirm it with an inspection.
- Try the drive. Test your commute at the times you'd actually travel.
- Check the schools for the address. Lakeville Public School District covers most of the city, but not all of it.
- Budget the whole payment. Include taxes, insurance, association dues and upkeep.
Planning a move
What should I verify before moving to Elko New Market?
- The property's current tax statement and homestead status from Scott County.
- Lender, insurance and utility quotes for the exact address, plus any association documents and special assessments.
- The seller's disclosures, including Minnesota's required radon and well disclosures.
- Whether the city requires a point-of-sale inspection or certificate (Minneapolis and Saint Paul, for example, require Truth-in-Sale-of-Housing reports).
- The school assignment for your enrollment year, confirmed with the district.
Living in Minneapolis on YouTube
Watch: Elko New Market on video
Jason's videos about Elko New Market: neighborhoods, homes and what living here is really like.
This weekend's open houses
Can you tour Elko New Market homes this weekend?
Found a Elko New Market home you like? We'll set up a private showing, usually within a day or two, or tell you when it has an open house.
Elko New Market FAQ
What do Elko New Market buyers most often ask?
What is the median home value in Elko New Market?
The Census Bureau's 2020–2024 American Community Survey puts the median value of owner-occupied homes in Elko New Market at $433,100, 3% higher than the Scott County median (Scott County: $419,400). These are owner estimates; for current asking prices, see the Elko New Market homes for sale in our home search.
How many people live in Elko New Market, MN?
About 5,193 people, according to the Census Bureau's 2024 estimate. The city grew by 7.4% between 2020 and 2024.
Which school district serves Elko New Market?
Lakeville Public School District (about 64% of the city) and New Prague Area Schools (about 36% of the city). School assignment depends on the exact address, so confirm it with the district before you buy.
How far is Elko New Market from downtown Minneapolis?
About 42 minutes by car in light traffic, and about 43 minutes to downtown Saint Paul. Residents' average one-way commute is 27.7 minutes (Census ACS).
Is Elko New Market a good place to live?
It depends on what you need. Elko New Market has a median household income of $152,150, 95.5% homeownership and a 27.7-minute average commute. Visit at the times you'd normally drive, check the school assignment for the address, and compare total ownership costs before you decide.
What does it cost to rent in Elko New Market?
The median gross rent (rent plus utilities) is $2,200 a month, compared with $1,568 in Scott County (Census ACS 2020–2024).
What ZIP codes are in Elko New Market?
55020 and 55054 cover most of the city. ZIP code areas and city limits don't match exactly, so check the city on the property record.
How long does it take to close on a home in Elko New Market?
Most financed purchases close about 30 to 45 days after an accepted offer, and cash purchases can close sooner. Your lender, the appraisal and the title company set the actual timeline.
Does Elko New Market require an inspection to sell a home?
We haven't confirmed a city inspection requirement for Elko New Market. Every Minnesota seller still owes the state disclosures (property condition, wells, septic, radon and more), and some counties require a septic inspection. Check with the city before you list.
Why Huerkamp Home Group
Why work with Huerkamp Home Group?
2002Founded by Jason & Brooke Huerkamp
39Agents and staff
5.0Stars from 841 Google reviews
15+Years as a Ramsey ELP
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Jason HuerkampFounder, Huerkamp Home GroupMN license 20329835(612) 843-962014300 Nicollet Ct, Ste 208, Burnsville, MN 55306
Explore nearby communities
Which communities are close to Elko New Market?
Drive times from Elko New Market in light traffic, with each community's Census median home value.
19 minLakevilleMedian home value $453KView Lakeville →20 minCredit RiverMedian home value $595KView Credit River →22 minNew PragueMedian home value $351KView New Prague →23 minNorthfieldMedian home value $329KView Northfield →