There are currently 93 properties with a median home value in Lake Elmo, MN 55042 of $541,400. The median list price per square foot in Lake Elmo, MN 55042 is $199. Of the total homes in Lake Elmo, MN 55042 96% are for sale, 4% are for rent, and 72% are single family homes. Lake Elmo, MN 55042 represents 0% of home addresses in the United States. Home values in Lake Elmo, MN 55042 are Infinity% above the median home value in the United States. Interested in knowing how much your home in Lake Elmo, MN 55042 is worth? The Homes.com Automated Valuation Model (AVM) provides an estimate of the home value of every on and off market property in the US.