The story of this market
The typical home in ZIP 55042 sells for about $785,000, or $208 per square foot.
Prices are up +2% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,407 a month.
ZIP 55042 — Lake Elmo
The housing market in 55042 shows moderate price appreciation with a median sale price of $500,000. Inventory remains tight, and homes are selling in approximately 32 days. Several metrics, including specific rent and tax data, are not currently published at the ZIP level.
Median prices moved up 2.0% year over year.
Homes spend a median of 32 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 4.6% — a stable, low-distress profile.
ZCTA 55042, Anoka County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Data retrieved from census.gov and incomebyzipcode.com
- Mall of America®4.619.6 mi
- Great Wolf Lodge | Minnesota3.919.8 mi
- Nickelodeon Universe4.519.6 mi
- Eagles Nest Indoor Playground4.415.6 mi
- Zero Gravity Adventure Park4.216.7 mi
- U.S. Bank Stadium4.618 mi
- Grand Casino Arena4.610.8 mi
- Minneapolis Convention Center4.518.8 mi
- Minnesota State Fair4.713.8 mi
- Surly Brewing Co.4.515.7 mi
- Como Park Zoo & Conservatory4.712.8 mi
- Science Museum of Minnesota4.610.7 mi
- Willow River State Park4.710.1 mi
- Minnesota Children's Museum4.510.5 mi
- Cathedral of Saint Paul4.811.1 mi
- Minneapolis Institute of Art4.818.8 mi
- Science Museum of Minnesota4.610.7 mi
- Union Depot4.510.1 mi
- Minnesota State Capitol4.710.7 mi
- Minnesota Children's Museum4.510.5 mi
- Como Park Zoo & Conservatory4.712.8 mi
- Willow River State Park4.710.1 mi
- Afton State Park4.811.1 mi
- Lake Elmo Park Reserve4.71.6 mi
- Harriet Island Regional Park4.610.5 mi
- Sunnyside Marina4.55.9 mi
- Bayport Marina Association4.75.6 mi
- Wolf Marine Inc.4.57.2 mi
- Your Boat Club St.Croix River4.97.2 mi
- The Beach House Marina & Boat Rentals4.66 mi
- Keller Golf Course4.68.1 mi
- St. Croix National Golf & Event Center LLC4.610.3 mi
- Troy Burne Golf Club4.69.8 mi
- Oak Glen Golf Course and Event Center4.46.1 mi
- Oak Marsh Golf Course and Event Center4.33.4 mi
- Maplewood Mall47 mi
- Hmong Village4.47.7 mi
- Fleet Farm4.24.7 mi
- HmongTown Marketplace4.410.9 mi
- Minneapolis-Saint Paul International Airport4.417.5 mi
- Shoyu3.717.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: median price diverges 36.3% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $500,000 (36.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $500,000 (-36.3% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.