Short Sale Listings in Elk River, MN

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Foreclosure Homes in Elk River, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Elk River, MN area at Get information on foreclosure homes for rent, how to buy foreclosures in Elk River, MN and much more. Save thousands at closing with home foreclosure listings in Elk River, MN — up to 75% off market value!

Top Reasons To Live In Elk River, MN In 2023

Elk River is located in Sherburne, Minnesota, with an estimated municipal population of 25,213 residents. All of the best foreclosed homes for sale in Elk River are located in the following zip code areas on 55330. The estimated population per square kilometer (.62 miles) in Elk River is 229.

Cost Of Living In Elk River, MN

So, about how much do homes cost in Elk River? The most recent median value of resident-owned homes in Elk River is 241,035. An estimated 78.6 percent of households in Elk River own their homes, with an average family size of 3.2. The median household income in Elk River is 89,596, with43.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Elk River, the median commute time of resident workers (in minutes) is 30.4. And last, but certainly not least, are you looking for homes to rent in Elk River? If so, the average rent price paid by renters in Elk River is 1,036, according to recent statistics.

Diversity And Demographics In Elk River, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Elk River, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Elk River is 36.3, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Elk River is 51, with an average family size of 3.2.

The percentage of residents who report their race in Elk River is as follows:

White 91.6%
Black / African American 3.7%
Asian 1.3%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 1.8%

Looking for family-friendly neighborhoods in and/or near Elk River? Or maybe you are searching for 55+ active adult communities in and/or near Elk River?

The percentage of residents who report their age in Elk River is as follows:

Under 10 15.5%
Aged 10-19 13.3%
20s 12.1%
30s 14.6%
40s 13.6%
50s 14.5%
60s 9%
70s 4.6%
80+ 2.9%

Best Schools In Elk River, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Elk River with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Elk River.

Pros And Cons Of Living In Elk River, Minnesota

How do you know that living in -- or moving to -- Elk River is right where you need to be? Perhaps you grew up in Elk River or already live nearby; therefore, the decision to buy a home in Elk River is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Elk River for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Elk River:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Elk River.

Reasons To Move To Elk River, Minnesota, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Elk River can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Elk River, meanwhile, can field multiple offers from more qualified buyers.

Elk River, MN Short Sale Listings


Listing types in Elk River, MN

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