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Elko New Market, MN

Comprehensive demographics, housing data, local amenities, and economic statistics for Elko New Market.

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Community Insights

High Incomes
$142k/year
top 5% nationally
Highly Educated
30% bachelor's · 14% graduate
top 9% nationally
Leading Industry
Retail
16% of local workforce
Home Value Growth⬆
+7.8% over 2 years
Family-Friendly
30% of residents
top 4% nationally
Homeowners
97% of occupied units

People & Demographics

Total Population4,891
Households—
Under 18
30.0%
Age 18–34
26.0%
Age 35–64
36.0%
Age 65+
7.0%
Veterans
2.0%
Active Duty
0.0%

Housing & Living

Median Home Value$446,000
Median Gross Rent$2,200/mo
Owner Occupied
96.6%
Renter Occupied
3.4%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$142,130
Poverty Rate—

Key Industries

Healthcare11.0%
Professional Services1.0%
Manufacturing0.0%
Retail16.0%
Education1.0%

Amenities & Transit

Transit Score28 / 100
Walkability / Amenities47 / 100
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
30.0%
Master's or Higher
14.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of Elko New Market?›

The total population of Elko New Market is approximately 4,891. The largest age group is 35-64 year olds. This demographic data is sourced from the U.S. Census Bureau.

Is Elko New Market walkable and transit-friendly?›

Based on local geographic data, Elko New Market has an amenity and walkability score of 47/100 and a transit score of 28/100. This indicates moderate access to local amenities and transportation.

Do more people rent or own homes in Elko New Market?›

The housing market in Elko New Market is predominantly driven by homeowners, with 97% of housing units being owner-occupied and 3% being renter-occupied.

What is the education level of residents in Elko New Market?›

In Elko New Market, approximately 30% of adult residents hold a bachelor's degree or higher. Additionally, 14% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.