Elko New Market

Population: 4,915
Median household income: $147,381
Median home value: $407,400

Located in Scott County, Minnesota, Elko New Market is a community with a population of 4,915. The median household income of $147,381 is above the Scott County median ($120,247).

Between 2019 and 2023, Elko New Market's population grew 5.5% from 4,657 to 4,915, while its median home value rose 36.5% from $298,500 to $407,400.

Owners occupy 94.2% of the area's occupied homes. The median resident is 33.9 years old.

Demographics

ACS 2019–2023

Population: 4,915
Median age: 33.9 yrs
Median household income: $147,381
Median home value: $407,400
Median gross rent: $2,311
Housing units: 1,682
Homeownership rate: 94.2%
Bachelor's degree or higher: 40.4%
Unemployment rate: 0.6%

Trends

ACS 5-year · 2019–2023

Population

4,6574,915

Median household income

$123,294$147,381

Median home value

$298,500$407,400

Median gross rent

$899$2,311

Year	Population	Median household income	Median home value	Median gross rent
2019	4,657	$123,294	$298,500	—
2020	4,715	$133,333	$333,800	$899
2021	4,777	$138,603	$344,300	$1,348
2022	4,850	$149,881	$381,600	$1,441
2023	4,915	$147,381	$407,400	$2,311

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.5%

5 to 1722.6%

18 to 244.6%

25 to 3418.5%

35 to 4414.2%

45 to 5415.8%

55 to 6411.6%

65 to 745.8%

75 and over0.4%

	Count	Share
Under 5	318	6.5%
5 to 17	1,111	22.6%
18 to 24	228	4.6%
25 to 34	910	18.5%
35 to 44	700	14.2%
45 to 54	775	15.8%
55 to 64	569	11.6%
65 to 74	286	5.8%
75 and over	18	0.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,967	80.7%
Black or African American	329	6.7%
American Indian & Alaska Native	1	0.0%
Asian	70	1.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	308	6.3%
Hispanic or Latino (any race)	240	4.9%

Educational attainment (age 25+)

No high school diploma4.3%

High school graduate13.7%

Some college or associate's41.7%

Bachelor's degree24.7%

Graduate or professional degree15.7%

	Count	Share
No high school diploma	139	4.3%
High school graduate	445	13.7%
Some college or associate's	1,359	41.7%
Bachelor's degree	804	24.7%
Graduate or professional degree	511	15.7%

Commute to work

Mean travel time to work: 28 min

Drove alone76.0%

Carpooled2.8%

Public transit0.0%

Walked0.5%

Bicycle0.0%

Worked from home20.3%

Other means0.4%

How workers get to work

	Count	Share
Drove alone	2,179	76.0%
Carpooled	80	2.8%
Public transit	1	0.0%
Walked	13	0.5%
Bicycle	0	0.0%
Worked from home	583	20.3%
Other means	12	0.4%

Travel time

	Count	Share
Under 15 min	258	11.3%
15 to 29 min	943	41.3%
30 to 44 min	743	32.5%
45 to 59 min	284	12.4%
60+ min	57	2.5%

Households

Average household size: 3.11
Poverty rate: 0.0% (2 of 4,901)

	Count	Share
Family households	1,423	90.2%
Nonfamily households	155	9.8%

Housing

Median year structure built: 2004

Occupancy

	Count	Share
Occupied	1,578	93.8%
Vacant	104	6.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,487	94.2%
Renter-occupied	91	5.8%

1-unit, detached88.9%

1-unit, attached8.9%

2 to 4 units0.0%

5 to 19 units1.0%

20 or more units1.2%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,495	88.9%
1-unit, attached	150	8.9%
2 to 4 units	0	0.0%
5 to 19 units	17	1.0%
20 or more units	20	1.2%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2718662
Type (LSAD): 25
Land area: 3.77 sq mi
Water area: 0 sq mi
Center point: 44.5671, -93.3343