Lake Elmo, MN Real Estate

According to census data in the year 2000 there were 2,389 housing units in Lake Elmo. This represents a 18.5% growth from 2,016 in 1990.

Of those housing units, 1,561 were located in either urbanized areas or urban clusters, and 828 were located in what is classified as a rural area.

Homeownership rate in Lake Elmo is about 96.6%. Lake Elmo's vacancy rate, including seasonal lodging, is about 1.8%. Average household size is 2.91 people.

The majority of houses, apartments or condos in Lake Elmo were built after 1976.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.90%
Two Bedrooms15%
Three Bedrooms44.20%
Four Bedrooms29.90%
Five Bedrooms or more5.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.94
Median year structure was built1976
Median Value of occupied units$225,900
Median Price asked for vacant units$156,300

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1951

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage7.30%
Home Equity Loan12.40%
Simple Mortgage59.40%
Debt Free20.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.3%