The Town FilesElko New Market, Minnesota
City in Scott County · population 4,846 (2020 Census)
- Median home
- $433,100
- Household income
- $152,150
- Jan low / Jul high
- 8° / 82°
- Snow a year
- 41 in
- Tornadoes ≤10 mi since 1950
- 27
- Median age
- 33.7
Elko New Market is a city of 4,846 people in Scott County, Minnesota. The median home is worth $433,100, above the typical Minnesota town ($301,800). It ranks better for families than 99% of Minnesota towns, more of a college town than 95% of Minnesota towns, more upscale than 94% of Minnesota towns.
How Elko New Market ranks
Percentile among Minnesota towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Minnesota towns.
Homes and cost of living
The median home in Elko New Market is worth $433,100, above the typical Minnesota town ($301,800). Homes cost about 2.8 times the median household income of $152,150, which is more affordable than 77% of Minnesota towns. Median rent is $2,200 a month. 95.5% of households own their home.
| Housing | Elko New Market | Typical Minnesota town |
|---|---|---|
| Median home value | $433,100 | $301,800 |
| Median rent | $2,200 | $991 |
| Median household income | $152,150 | $87,375 |
| Home value ÷ income | 2.8× | 3.4× |
| Homeownership | 95.5% | 88.6% |
| Median year built | 2005 | 1979 |
| Seasonal / vacation homes | 0.0% | — |
Who lives in Elko New Market
| People | Elko New Market | Typical Minnesota town |
|---|---|---|
| Median age | 33.7 | 42.7 |
| Age 65 and over | 4.5% | 20.0% |
| Under 18 | 32.6% | — |
| Bachelor's degree or higher | 42.1% | 26.2% |
| Below the poverty line | 1.1% | 6.9% |
| Veterans | 1.9% | — |
| Born outside the U.S. | 5.3% | — |
| Work from home | 18.6% | 11.1% |
| Average commute | 27.7 min | 24.5 min |
| Homes with broadband | 97.2% | 90.2% |
Weather in Elko New Market
July highs average 82.0°F and January lows 7.8°F. About 32.3 inches of rain and melted snow fall a year, with 40.8 inches of snow (typical Minnesota town: 47.0 in). Expect about 7 days a year at 90°F or hotter and 150 nights at or below freezing.
Tornadoes, storms and disasters
27 tornadoes have passed within 10 miles of Elko New Market since 1950, compared with 14 for the typical Minnesota town. 7 rated (E)F2 or stronger. The strongest, an F3, struck on August 24, 2006 about 1.7 miles from the town center and killed 1. Tornadoes within 10 miles have caused 1 deaths and 46 injuries since 1950. The most recent was on May 19, 2021.
Hail of 1 inch or larger has been reported within 10 miles 78 times; the largest was 3.00 inches on June 22, 2016.
Severe weather in Scott County since 1996
Scott County has been included in 16 federal disaster or emergency declarations since 1953, most often for flood, drought, tornado.
| Declared | Incident | Declaration |
|---|---|---|
| April 7, 2020 | Biological | DR-4531: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3453: Covid-19 |
| June 12, 2019 | Flood | DR-4442: Severe Winter Storm, Straight-Line Winds, And Flooding |
| July 21, 2014 | Flood | DR-4182: Severe Storms, Straight-Line Winds, Flooding, Landslides, And Mudslides |
| May 10, 2011 | Flood | DR-1982: Severe Storms And Flooding |
Jobs and pay in Scott County
Scott County had 63,111 jobs in 2024, paying an average of $62,133 a year. Unemployment was 2.5% in 2023; in Elko New Market itself the ACS puts it at 0%.
Public schools in Elko New Market
1 public school with 551 students, about 12.5 students per teacher.
| School | Grades | Students | Per teacher |
|---|---|---|---|
| EAGLE VIEW | K-5 | 551 | 12.5 |
Towns near Elko New Market
- New Market, MN1.6 mi · 3,525 people · home $595,300
- Cedar Lake, MN6.6 mi · 3,050 people · home $543,100
- Lonsdale, MN7.6 mi · 4,686 people · home $357,000
- Lakeville, MN8.6 mi · 69,490 people · home $452,500
- Spring Lake, MN9.3 mi · 3,464 people · home $629,600
- Farmington, MN10.3 mi · 23,632 people · home $366,200
- Northfield, MN11.2 mi · 20,790 people · home $329,400
- New Prague, MN12.0 mi · 8,162 people · home $350,500
Elko New Market questions
Is Elko New Market, Minnesota a good place to retire?
On The Town Files lifestyle rankings, Elko New Market scores better for retirees than 10% of Minnesota towns and quieter than 19%. 4.5% of residents are 65 or older (median age 33.7).
How much does a house cost in Elko New Market?
The median owner-occupied home in Elko New Market is valued at $433,100 (Census ACS 2020–2024), against a median household income of $152,150, so homes cost about 2.8 times income. Median rent is $2,200 a month.
What is the weather like in Elko New Market?
July highs average 82.0°F and January lows 7.8°F (NOAA 1991–2020 normals). It gets about 32.3 inches of precipitation a year and 40.8 inches of snow.
Does Elko New Market get tornadoes?
27 tornadoes have passed within 10 miles of Elko New Market since 1950 (NOAA Storm Events); the strongest was a F3 on August 24, 2006. The typical Minnesota town has had 14.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)