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market report · 55042
Lake Elmo, MN · 55042
42 active listings$675,750 median ask$3,092 est. rent0.5% price/rent
$675,750
Median list price
$3,092/mo
Estimated rent
0.5%
Price / rent ratio
42
Listings
FHFA home price index · 2016–2025
54.7% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.05
Median rent / sqft
41 comps
$232.00
Median sold / sqft
41 comps
—
Walkability
3.9%
Area unemployment
BLS LAUS
Median household income $154,341 · median home value $602,100 · ACS 2024.
Natural-hazard risk Relatively Low (FEMA NRI score 49).
2 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
598 Cimarron, Lake Elmo, MN 55042
Lake Elmo, MN
$18,400$1,811/mo9.8%
175 Cimarron, Lake Elmo, MN 55042
Lake Elmo, MN
$49,200$2,268/mo4.6%
23 Cimarron, Lake Elmo, MN 55042
Lake Elmo, MN
$145,900$2,218/mo1.5%
343 Cimarron, Lake Elmo, MN 55042
Lake Elmo, MN
$159,900$2,199/mo1.4%
301 Cimarron, Lake Elmo, MN 55042
Lake Elmo, MN
$159,900$2,199/mo1.4%
242 Cimarron, Lake Elmo, MN 55042
Lake Elmo, MN
$145,900$1,957/mo1.3%