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Elko New Market

Elko New Market

Located in Scott County

$559,046 Average Value
$199 Average Price per Sq Ft
7 Homes For Sale

Two cities combined to form growing exurb of Elko New Market

Elko New Market was once two separate cities: Elko and New Market. In 2007, the communities came together to form one municipality, making it easier to provide services to residents. Today, its new subdivisions offer space to spread out alongside highly rated schools and access to Interstate 35. “They’re a growing community,” says John Clay, a Realtor with Associated Realty who has worked in the area for nearly 40 years. “New Market has some of the older businesses, while Elko has the new ones. But if you live in Elko New Market, you’re commuting to the Twin Cities.”

New Traditional homes within recently built subdivisions

Most homes in Elko New Market sit on wide streets in recently built subdivisions. The New Traditional builds feature farmhouse or Craftsman flourishes, often on well-maintained front lawns. These larger homes tend to sell for $290,000 to $650,000, while smaller, older houses near the Elko or New Market downtown areas go for $140,000 to $390,000.

Highly rated Lakeville and New Prague schools

Despite the unification of Elko New Market, the two sides are mainly zoned to different school systems. The Elko portion is served by Lakeville Area Schools, which receives an A overall grade from Niche. The district is also ranked the best in the state for student athletes. Meanwhile, the New Market side is served by New Prague Area Schools, which receives a B-plus rating. Other than Eagle View Elementary, schools are a few miles away. “Since you’re driving about 10 miles each way to go to school, what I’ve found is that families will carpool if there’s an activity — baseball, softball, football, basketball,” Clay says. “One family picks somebody up this time, the other family picks them up the other.”

Recreation for all seasons, including baseball, golf and hockey

Elko New Market has recreation options for all seasons. City parks include Wagner Park near downtown New Market, which has baseball diamonds, a playground and an outdoor hockey rink. When not iced over, the rink doubles as a basketball and pickleball court. Fredrickson Field, on the east side of the community, is home to the Elko Express amateur baseball club. Boulder Pointe Golf Club, which is open to the public, has an 18-hole course with a driving range, practice greens and indoor simulators.

Bars and restaurants within both old downtown areas

Both Elko and New Market still have their own small downtowns. “There’s a little area where there’s half a dozen bars in the older part of Elko,” Clay says, “and then the New Market side has the traditional downtown with the Domino’s Pizza and a few other things.” The nearest shopping centers and grocery stores are in Lakeville, about 10 miles north, though the recently built Kwik Trip in Elko has a small selection of milk, eggs and produce.

Free festivals and races at the Elko Speedway

The city hosts free summer events in Wagner Park. The family-friendly performances include live music, magicians and dance parties. Meanwhile, Fire Rescue Days is a weekendlong festival celebrating first responders with a parade, a beer garden and a cornhole tournament. But the Elko Speedway is the biggest attraction in Elko New Market, holding races most weekends between June and September. The Speedway is also the site of the Elko Drive-In Theater, a summer staple in the community.

Commutes to the Twin Cities via Interstate 35

Interstate 35 runs through the community's east side, leading north to Minneapolis and Saint Paul. The Twin Cities and Minneapolis-Saint Paul International Airport are roughly 30 miles. Rather than driving the entire way, commuters sometimes drive 12 miles to the Kenrick Avenue Park and Ride to hop on a Metro Transit bus that heads to downtown Minneapolis. The closest emergency room is 15 miles away at the M Health Fairview Ridges Hospital.

Brendan Doyle
Written By
Brendan Doyle

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Elko New Market Housing Trends

Housing Trends

Median List Price
$439,650
Median Sale Price
$467,000
Median Single Family Sale Price
$510,000
Median Townhouse Sale Price
$439,650
Median Change From 1st List Price
0%
Last 12 months Home Sales
41
Median Home Sale Price YoY Change
6%
Average Price Per Sq Ft
$199

Neighborhood Facts

Number of Homes in Neighborhood
1,910
Number of Homes for Sale
7
Median Year Built
2003
Months of Supply
2.00
Average Single Family Home Size Sq Ft
2,006
On par with the national average
1,924
Average Townhouse Size Sq Ft
1,822
Median Lot Size Sq Ft
13,068

Open Houses

  • 27140 Jonquil Ave, Elko New Market, MN 55020

    $1,495,000

    • 5 Beds
    • 5 Baths
    • 6,454 Sq Ft
    • 27140 Jonquil Ave

    You’ll spot the stone water feature as you roll up the driveway, trees lining the way like they’re guarding something worth finding—and they are. This isn’t just a house; it’s a property that hands you the keys to live big, however you define it. Sunlight spills through big windows, hitting white oak floors while vaulted ceilings give the great room a lift. The kitchen’s hickory cabinets and

    Agent Photo
    Chris Rooney
    RE/MAX Preferred
    (612) 260-5347
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  • Friday, Aug 8
    Open Fri 1PM - 4PM

    27130 Petes Hill Trail, Elko New Market, MN 55020

    $774,900

    • 4 Beds
    • 3 Baths
    • 3,217 Sq Ft
    • 27130 Petes Hill Trail
    • New 22 days ago

    This Johnson Reiland Custom Home in Pete’s Hill blends luxury with low-maintenance living at one of Scott County’s highest elevations. Enjoy sweeping views from the vaulted great room, four-season porch. and walkout basement with 10-foot poured walls. Designed for comfort and accessibility, it features a zero-entry layout, 8-foot interior doors, and main-level living. Highlights include a custom

    Agent Photo
    Ryan Johnson
    eXp Realty
    (612) 482-6522
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  • Friday, Aug 8
    Open Fri 1PM - 4PM

    9975 Kari Way, Elko New Market, MN 55020

    $549,900

    • 3 Beds
    • 2 Baths
    • 1,867 Sq Ft
    • 9975 Kari Way

    Reggie Award Winning Custom TwinHome by Johnson Reiland Builders and Remodelers designed with age in place living—perfect for those seeking effortless, single-level living. These Twin-homes offer the same level of fit/finish that you will find in Johnson Reilands Luxury Single Family Homes. Nestled in Pete’s Hill, an exclusive community a few minutes south of the metro and the highest point of

    Agent Photo
    Ryan Johnson
    eXp Realty
    (612) 400-7791
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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Elko New Market Has More Owners

Demographics

Total Population
5,088
Median Age
36
Population under 18
31.1%
Above the national average
23.8%
Population over 65
9.2%
Below the national average
19.1%

Finances

Median Household Income
$142,762
Significantly above the national average
$71,702
Average Household Income
$168,606

Education and Workforce

High School Graduates
97.1%
College Graduates
44.5%
Above the national average
34.1%
Advanced Degrees
15.5%
% Population in Labor Force
88.7%
Above the national average
65.1%

Weather

Annual Precipitation
31''
Average Winter Low Temperature
8°F
Average Summer High Temperature
82°F
Annual Snowfall
34''

Area Factors

Somewhat Bikeable

Bike Score®®

26 / 100

Car-Dependent

Walk Score®®

10 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Elko New Market