Elk River, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Elk River short-term rental market based on reliable data.
Listings
11 / 29
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$36,337
Middle-Earners Revenue
Occupancy
57%
Middle-Earners Occupancy
Home Value
$383,412
Median Home Sale Price
Top Earners
$58,475
Top-Earners Revenue
Elk River
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Elk River.
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Generally Investor friendly
Elk River Regulations
STRs are explicitly allowed citywide with no caps; licensing is straightforward via an online portal with $100 annual fees and required annual inspections, but the $1,500 reinstatement penalty and compliance steps create moderate investor risk.
Local STR Agent
STR specialist · Elk River, MN
About Elk River
Elk River is a city in Sherburne County, Minnesota, United States, approximately 34 miles northwest of Minneapolis. Known as the Energy City since 1997. It is situated at the confluence of the Mississippi and Elk Rivers. The population was 25,835 at the 2020 census, making Elk River the second largest city with an area of 42.33 square miles in the Central Minnesota region after St. Cloud. It is the county seat. U.S. Highways 10 and 169 and State Highway 101 are three of the main routes in Elk River, and a station on the Northstar Commuter Rail line to downtown Minneapolis is located in the city. Elk River is located 33.2 miles northwest of Minneapolis and 37.4 miles southeast of St. Cloud.