Elko New Market, MN Homes for Rent

Elko New Market was once two separate cities: Elko and New Market. In 2007, the communities came together to form one municipality, making it easier to provide services to residents. Today, its new subdivisions offer space to spread out alongside highly rated schools and access to Interstate 35. “They’re a growing community,” says John Clay, a Realtor with Associated Realty who has worked in the area for nearly 40 years. “New Market has some of the older businesses, while Elko has the new ones. But if you live in Elko New Market, you’re commuting to the Twin Cities.” Most homes in Elko New Market sit on wide streets in recently built subdivisions. The New Traditional builds feature farmhouse or Craftsman flourishes, often on well-maintained front lawns. These larger homes tend to sell for $290,000 to $650,000, while smaller, older houses near the Elko or New Market downtown areas go for $140,000 to $390,000. Despite the unification of Elko New Market, the two sides are mainly zoned to different school systems. The Elko portion is served by Lakeville Area Schools, which receives an A overall grade from Niche. The district is also ranked the best in the state for student athletes.