Compare cities · September 2026
Grant vs. Lake Elmo
Homes in Grant sold for a median $822,500 over the 12 months through September 2026, 24% more than in Lake Elmo ($665,000). Homes sold faster in Lake Elmo: 52 days on market on average, against 66 in Grant. Lake Elmo's homes are newer, with a median year built of 2004 against 1980. Lake Elmo is closer to downtown Minneapolis: about 35 minutes by car, against 38. The two are about 7 miles apart.
Housing market, 12 months through September 2026
| Measure | Grant | Lake Elmo |
|---|---|---|
| Median sale price | $822,500 | $665,000 |
| Change from a year earlier | +17.1% | +2.9% |
| Homes sold | 32 | 251 |
| Days on market | 66 | 52 |
| Share of original list price | 95.9% | 98.0% |
| Price per square foot | $257 | $245 |
| New listings | 45 | 354 |
| Homes for sale (September 2026) | 9 | 63 |
| Months of supply (September 2026) | 2.9 | 3.1 |
Source: Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
The homes
| Measure | Grant | Lake Elmo |
|---|---|---|
| Median home value (owner estimate) | $683,400 | $597,000 |
| Median year built | 1980 | 2004 |
| Single-family homesShare of all housing units, detached houses | 98% | 84% |
| Owner-occupied homes | 95% | 94% |
| Median rent | $2,195 | $2,407 |
Source: US Census Bureau, American Community Survey 2020–2024.
The place
| Measure | Grant | Lake Elmo |
|---|---|---|
| Population (2024) | 3,942 | 14,161 |
| Land area | 25.1 sq mi | 22.1 sq mi |
| Drive to Downtown Minneapolis | 38 min | 35 min |
| Drive to Downtown Saint Paul | 30 min | 24 min |
| Drive to MSP Airport | 42 min | 34 min |
| Drive to Mall of America | 45 min | 35 min |
| Drive to University of Minnesota | 36 min | 32 min |
| Average commute to work | 24.6 min | 22.8 min |
| Lakes of 10+ acresMinnesota DNR lake outlines touching the city | 11 | 12 |
Source: US Census Bureau 2024 estimates and TIGER/Line; drive times from OpenStreetMap routing (light traffic).
Grant
School districts: Mahtomedi Public School District, Stillwater Area Public School District
Largest lakes: Pine Tree Lake (176 acres), Mann Lake (63 acres), Long Lake (53 acres), Round Lake (44 acres), Masterman Lake (31 acres)
Lake Elmo
School districts: Stillwater Area Public School District, North St. Paul-Maplewood-Oakdale School District, Mahtomedi Public School District
Largest lakes: Lake Elmo (257 acres), Lake Jane (158 acres), Lake de Montreville (157 acres), Eagle Point Lake (110 acres), Lake Olson (87 acres)
How we compare places: by their homes, housing market and location only, from public sources, never by who lives there. Medians describe the middle home; both places have homes well above and below them.
Quick answers
Grant or Lake Elmo?
Is Grant or Lake Elmo more expensive?
Grant. The median sale price was $822,500 there and $665,000 in Lake Elmo over the 12 months through September 2026, according to the Minneapolis Area REALTORS® Local Market Update. The median is the middle sale, so both have homes well above and below it.
Where do homes sell faster, Grant or Lake Elmo?
Lake Elmo: 52 days on market on average against 66, over the 12 months through September 2026.
Which is closer to downtown Minneapolis?
Lake Elmo, about 35 minutes by car in light traffic (38 from Grant). To downtown Saint Paul: 30 minutes from Grant, 24 from Lake Elmo.
How far apart are Grant and Lake Elmo?
About 7 miles in a straight line between their centers.
Which has more lakes, Grant or Lake Elmo?
Lake Elmo has more: 11 lakes of 10+ acres touch Grant (largest: Pine Tree Lake) and 12 touch Lake Elmo (largest: Lake Elmo), by Minnesota DNR lake outlines.
Which school districts serve Grant and Lake Elmo?
Grant: Mahtomedi Public School District and Stillwater Area Public School District. Lake Elmo: Stillwater Area Public School District, North St. Paul-Maplewood-Oakdale School District and Mahtomedi Public School District. School district lines don't follow city lines, so check the district for a specific address before you buy.
Should I buy in Grant or Lake Elmo?
It depends on your budget, the kind of home you want and where you need to get to each day. This page compares the homes, prices and locations; a Huerkamp Home Group agent can show you homes in both and walk you through what's selling now.
Deciding between them?
See homes in Grant and Lake Elmo.
A Huerkamp Home Group agent can show you homes in both, tell you what's selling and for how much right now, and help you decide. There's no cost to buyers.