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AREA INFORMATION

Lake Elmo, MN

Explore the real estate in Lake Elmo, MN

Area Highlights

Lake Elmo, MN residents have a median age of 37.6 years old, with employment highest in the administrative support and food industries.

11,838 Population

The population has increased by 4.4% since the year 2010.

4,275 Households

$166,229 /yr
Median Household Income

$657,450
Median Home Sale Price

20m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

37.6 Median Age

Average Household Size

2.8
persons per
household

72.7%

Married Households

Community Population By Education

Bachelors Degree 37%
Graduate Degree 26%
Some College 16%
High School Graduate 14%
Associates Degree 6%
Some High School 2%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 36.62% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
41.1% of households have children

Area Schools

PK-5
1.4 MILES
B
Lake Elmo Elementary School
KG-8
2.9 MILES
Pankalo Education Center
6-8
3.1 MILES
C+
Oak - Land Middle School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$166,229 /yr
Median Household Income
$657,450
Median Sales Price
20 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 39.79% of the households.

Transportation to Work

  • Drive 72%
  • Work from Home 24%
  • Walk or Bike 2%
  • Public Transit 1%

Occupancy by Type

Owned 4,036 88%
Vacant 321 7%
Rented 239 5%

White vs Blue Collar Jobs







White Collar 88%
Blue Collar 12%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 37.6 years old. The smallest percentage group is 45-54 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 81%
Hispanic 7%
Asian 6%
Other 4%
Black 2%
Native American <1%
The most prevalent ethnicity is White at 81%, followed by Hispanic at 7%, Asian at 6%, and Other at 4%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

84° July
Hottest Average Month
3° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
22°
Feb
9°
28°
Mar
21°
40°
Apr
35°
57°
May
47°
70°
Jun
57°
79°
Jul
61°
84°
Aug
59°
81°
Sep
50°
72°
Oct
39°
60°
Nov
24°
41°
Dec
10°
27°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$571,990
For sale
2 beds • 2 baths • 1 half baths • 1,557 sqft

1491 Palmer Drive N Plan: Cordoba
Lake Elmo, MN 55042

$587,990
For sale
2 beds • 2 baths • 1 half baths • 1,783 sqft

1491 Palmer Drive N Plan: Salem
Lake Elmo, MN 55042

$599,990
For sale
2 beds • 2 baths • 1,725 sqft

1491 Palmer Drive N Plan: Brisbane
Lake Elmo, MN 55042

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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