Elko, MN Homes For Sale & Real Estate

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Elko, MN Real Estate Insights

Elko was a city in Scott County, Minnesota. In January 2007, Elko merged with New Market to become Elko New Market.

Elko is widely considered a good area, mainly due to the fact that most of the residents own their homes and are invested in making this a pleasant community. This area is a great place for families to live, as evidenced by the large number of married couples in the area. People who live in Elko tend to have higher incomes, according to publicly available data.

In Elko, average listing price significantly grew between last year and this year by 21 percent. The average listing price increased from $469,489 to $568,287, indicating a general rise in property values in the hot local real estate market. In the interim, inventory somewhat tightened year-over-year, with the number of homes for sale declining 40 percent to reach 12 listings in this year. If you like to keep a good collection of clothes in your home, you'll be excited to hear that numerous houses in this area have walk-in closets with lots of room to grow your wardrobe. Quite a few houses in this location have family rooms that provide a nice place for the whole family to get together. The natural beauty and landscape of this locale make an ideal place to live in if you enjoy country living.