Housing market · ZIP 56531
Elbow Lake, MN Home Prices & Forecast
Median value and 12-month outlook · as of April 2026
Median home value
$205,992
3-month+3.1%
6-month+5.4%
12-month+7.3%
Touse 12-month forecast
+3.8%
Projected median near $213,858 over the next 12 months
As of April 2026, the median home value in Elbow Lake, MN (ZIP 56531) is $205,992. Prices are rising, up 7.3% over the past year. Touse's model projects a +3.8% change over the next 12 months, putting the median near $213,858.
Nearby areas in Grant
Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.