Lake Elmo vs Minneapolis: Housing
| Lake Elmo | Minneapolis | |
|---|---|---|
| Median Home Value | $597,000 | $362,200 |
| Median Gross Rent | $2,407/mo | $1,371/mo |
| Homeownership Rate | 93.5% | 47.7% |
| Rent as Share of Income | 18.8% | 20.3% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.