Elko, MN Real Estate

According to census data in the year 2000 there were 172 housing units in Elko. This represents a 120.5% growth from 78 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 172 were located in what is classified as a rural area.

Homeownership rate in Elko is about 98.8%. Elko's vacancy rate, including seasonal lodging, is about 5.8%. Average household size is 3.12 people.

The majority of houses, apartments or condos in Elko were built after 1985.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms18%
Three Bedrooms43.60%
Four Bedrooms33.70%
Five Bedrooms or more4.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.13
Median year structure was built1986
Median Value of occupied units$159,100
Median Price asked for vacant units$215,000

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage16%
Home Equity Loan17.40%
Simple Mortgage58.30%
Debt Free8.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.2%