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ElkoSpeedway2019ARCAMenards250
Minnesota›Scott County

Elko New MarketMN

Public schools that outperform most of Minnesota. Founded in 2006, this town now has 5,300 residents.

Photo: Matt Lewis · CC BY-SA 2.0
Photo of Elko New Market

Elko New Market, MN · Photo: Matt Lewis · CC BY-SA 2.0 · Source ↗

What should you know before moving to Elko New Market?

Plenty to like here, at a price. Its strongest subject is incomes: the median household earns $152K. Elko New Market ranks 93rd of 271 in Minnesota, with an A overall. On that grade it does better than 86% of U.S. towns. Schools are a strength too: its schools rank ahead of 91% of Minnesota towns. The catch is cost of living: the typical home is worth about $475K, 4.8 years of the Minneapolis metro’s $100K median household income. It lags on walkability as well. Most errands need a car: it is less walkable than 78% of U.S. towns.

Figures: incomes, Census ACS, 2020–24 · schools, state test and graduation results · home values, Zillow.

What makes Elko New Market stand out

Where Elko New Market beats most towns.

A growing town

Elko New Market has grown 29% since 2010

4,110 counted in 2010 and 4,846 in 2020; an estimated 5,300 in 2025.

Growth hasn’t slowed: 9.6% since 2020, after 17.9% in the decade before.

4,1102010
4,8462020
5,3002025 est.

U.S. Census 2010 & 2020 counts · Census Bureau estimate, July 1, 2025

How Elko New Market grades

Each subject compared with towns across the country (schools within Minnesota), ordered by how far Elko New Market is from typical.

How grading works
Character Graded, but not part of the overall grade.
Described, not graded Taste, not quality: snow or an older crowd is neither good nor bad.

How TownRatings grades towns →

New Market Hotel and Store
New Market Hotel and Store · National Register of Historic Places
Elko New Market’s story

20 years in pictures

Census counts: 3,972 in 2000, 4,846 in 2020. The archive holds 2 maps from 1957 on.

1 place on the National Register of Historic Places.

  • 2006Elko New Market is founded
Explore the history →
Getting set up

Moving to Elko New Market: who provides what

Who provides power, water and the rest in Elko New Market, and how to reach them.

The full setup list →
PowerXcel Energy17.1¢/kWh · EIA 2025HIFLD · EIA
WaterElko New Market water systemNo health-based violations in 5 years · EPAEPA
Internet9 providers100% of addresses get 100/20 MbpsFCC
Trash & dumpNot on file yetWe don’t have Elko New Market’s trash rules yet
SchoolsLakeville Public School DistrictNew Prague Area Schools2 districts serve Elko New Market; which school depends on your address and gradeNCES
Register to voteOnlineIn Minnesota you can register online until 21 days before Election Day, in person up to and including Election Day, or by mail (received 21 days before).vote.gov
Who runs elections hereScott County ElectionsScott County; contacts on the Handbook page.FVAP, Sep 2017
ZIP codes55054, 5502055054 51% · 55020 49%Census 2020

EPA SDWIS (Oct 9, 2026) · HIFLD + EIA-861 2025 · Census 2020 ZCTAs · NCES 2024–25 · registration: vote.gov, updated Nov 18, 2024.

The data

Ordered by what stands out in Elko New Market.

Elko New Market has less heart disease than most of Minnesota, sends most of its workers to Lakeville and beyond and gets more snow than most of the country, though not than most of Minnesota.

SchoolsA

Elko New Market’s grade for schools is an A

The public schools here belong to the New Prague Area Schools. Its one school is below. 527 students attend Elko New Market’s public school.

91%of MN districts it outscoresASchool Grade
SchoolLevelStudentsLetter
Eagle ViewLargest public elementary schoolGrades PK–5Grades PK–5527A−

NCES · EDFacts · graded within MN on state tests and graduation

HealthA

Elko New Market is healthier than 88% of U.S. towns

Its widest gap with Minnesota is heart disease: 3.7% of its 3,248 adults have heart disease, against 5.9% statewide. Against the 2,594 U.S. towns with household incomes like Elko New Market’s, it is less healthy than 54%: its national edge comes with its incomes.

In Elko New Market, just over a fifth of adults binge drink. Of 32 CDC measures, Elko New Market beats the Minnesota average on 13 and trails it on 2. Elko New Market: 72% of adults had a checkup this year, below both the Minnesota town median (75%) and the median of U.S. towns (79%).

88%healthier than U.S. townsAHealth Grade
Elko New MarketMinnesota townsU.S. towns
Binge drink (CDC PLACES)22%18%16%
Yearly checkup (CDC PLACES)72%75%79%
High blood pressure (CDC PLACES)26%31%35%
Diabetes (CDC PLACES)7.4%10%12%
32 measures vs. Minnesota
13 better17 too close to call2 worse
What stands outElko New MarketMN
Fewer adults with heart disease3.7%5.9%
Fewer older adults who have lost all their teeth5.6%8.9%
More binge drinkers22.4%17.8%
Northfield Hospital
9.8 mi away · emergency room
None
primary care, dental or mental-health shortage
78th
percentile among MN towns

CDC PLACES 2025 · modeled estimates for adults · CMS · HRSA

HousingCost of living grade C

The median rent in Elko New Market is higher than in the typical Minnesota or U.S. town

Elko New Market: 96% of households own their home, above both Minnesota’s towns (75%) and U.S. towns (73%). Zillow values the typical Elko New Market home at about $475,000, up 2.1% in a year, 36% above the Minnesota typical home. Homes sold in Elko New Market spent a median 47 days on the market.

$475KZillow home value
Elko New MarketMinnesota townsU.S. towns
Median rent$2,200 a month$1,192 a month$1,185 a month
Households that own their home96%75%73%

Typical home value

Elko New Market$475K
Minnesota$349K
Market temperature
BalancedA balanced marketBuyer’sSeller’s
47
days on market
99.5%
sale-to-list price
+2.1%
value change, 1 year
10
homes sold in September

Census ACS, 2020–24 · Zillow Home Value Index · Redfin Data Center

Work & commuteJobs & income grade A+

Elko New Market stands out in Minnesota and nationally, with fewer of its residents who live below the poverty line

Elko New Market has 316 jobs for its 2,539 working residents: even if every job went to a resident, most would still commute out.

Most people who work leave Elko New Market to do it: just 3% work in town. In Elko New Market, the average trip to work is 28 minutes. Jobs based in Elko New Market grew to 316 in 2023, 143 more than in 2013. For half of commuters, work is under 20 miles away.

3%work in town
Elko New MarketMinnesota townsU.S. towns
Median household income$152,000$90,000$80,000
Below the poverty line1.1%7.1%9.6%
Average trip to work28 minutes23 minutes25 minutes
Working residents who work in town3%9.9%8%

Where working residents work

In Elko New Market3%
Lakeville11%
Minneapolis8%
Bloomington7%
Burnsville7%
20 mi
median commute distance
316
jobs based in Elko New Market
A commuter town
jobs vs. working residents
C−
Walkability grade: more walkable than 22% of U.S. towns

Census LEHD 2023 · ACS

Who lives here

Elko New Market is younger than the Minnesota average

The median household earns $152,150, against $89,062 across Minnesota, one input to its A+ for jobs and income.

Minnesota has nearly two in five adults 25 and older with a bachelor’s degree or more; here it is 42%. People 65 and older are 5% of residents (17% statewide); children under 18 are 33% of residents (23% statewide). Since 2020, Elko New Market has grown 9.6%, to 5,300 residents in the Census Bureau’s 2025 estimate. In Elko New Market, the age of the median resident is 33.7 years.

33.7median age · MN 38.8
Elko New MarketMinnesota townsU.S. towns
Median age33.7 years39.9 years40.5 years
Bachelor’s degree or more, 25+42%33%29%
Elko New MarketMinnesotaUnited States

Ages · share of residents

Education · adults 25 and older

No diploma5%
High school13%
Some college21%
Associate’s19%
Bachelor’s25%
Graduate17%

Women and men · all residents

49% women, 51% men

That’s an even split within the survey’s margin of ±3.8 points. Across Minnesota, 49.9% of residents are women.

Ages and education in Elko New Market
Elko New MarketMNU.S.
Under 1016.1%12.1%11.6%
10 to 1716.5%10.7%10.3%
18 to 245.6%8.8%9.1%
25 to 3415.7%13%13.7%
35 to 4415.9%13.5%13.2%
45 to 5415.6%11.6%12.2%
55 to 6410.1%12.9%12.7%
65 to 743.8%10.2%10.2%
75 and older0.7%7%7%
No diploma4.6%6.1%10.4%
High school13.2%23.3%26%
Some college21.2%19.5%19.1%
Associate’s18.9%11.8%8.8%
Bachelor’s25.4%25.6%21.6%
Graduate16.7%13.8%14.1%

Census population estimates, 2025 · U.S. Census Bureau · ACS 2020-2024 5-year estimates

Climate

Expect snowy winters and pleasant summers in Elko New Market

The Farmington 3 Nw weather station, 11 miles away, records that 41 inches of snow fall in a normal winter: more than most of the country, but less than 80% of Minnesota places with climate records. January nights average 6.7°: colder than most of the country, but milder than 94% of Minnesota places with climate records; July afternoons average 81.6°.

The January low for Elko New Market comes to 7°F. Elko New Market’s peak summer temperature stands at 82°F.

41″snow a winter
Elko New MarketMinnesota townsU.S. towns
January low7°F6°F22°F
July high82°F82°F85°F

Typical low → high °F

Winter10–26°
Spring35–55°
Summer60–79°
Fall38–57°
Oct 10
typical first frost
Apr 27
typical last frost
+1.2°
vs. the 20th-century average

NOAA U.S. Climate Normals, 1991–2020

Safety

Crime reported in Elko New Market

Among 167 Minnesota towns, just 10 have a lower violent crime rate than Elko New Market. Elko New Market's reported crime rate is well below Minnesota's. The level of property crime in the town is 0.2 per 1,000 residents. Most reported incidents are property crimes, mainly thefts.

Elko New MarketMinnesota townsU.S. towns
Property crimes per 1,000 (2025)0.2 per 1,000 residents8.79.9
Violent crimes per 1,000 (2025)0 per 1,000 residents1.11.6

Violent crime per 1,000 residents

Elko New Market0
Minnesota2.3
U.S.3.3

Property crime per 1,000 residents

Elko New Market0.2
Minnesota14.3
U.S.15.5
0
violent crimes reported in 2025
1
property crimes reported in 2025

FBI crime data, 2025 · crimes reported to police

Natural hazardsHazard risk grade B−

Elko New Market faces a moderate natural-hazard risk, led by inland flooding

31% of Elko New Market’s expected losses from natural hazards come from inland flooding, followed by tornadoes at 24%. FEMA expects less storm and flood damage here than in 57% of U.S. communities.

43risk score of 100
FEMA risk score
43Moderate riskLowerHigher
Inland floodingTornadoesStrong wind

FEMA National Risk Index · OpenFEMA

OutdoorsB

Open space protected for good: 2.1% of Elko New Market

Trails total 0.8 miles in 1 park or preserve. Elko New Market’s concentration of trails comes in at 0.2 miles per square mile. One park or preserve covers 5 acres in the town.

2.1%conserved
Elko New MarketMinnesota townsU.S. towns
Miles of trail per square mile0.2 miles per square mile0.50.4
Conserved land2.1%4.7%4.3%
2.1%
conserved · 49 of 2,405 acres
0.8 mi
of trails · 0.2 per sq mi
Biggest places to walkTrailsAcres
1. Windrose Park—5

Trails & parks © OpenStreetMap contributors · Conserved land: USGS PAD-US

Nearby attractions

U.S. Bank Stadium and 68 more within 40 miles

Museums, parks, gardens and other places to visit around Elko New Market. Close and well known come first.

All 78 attractions →
Sources: National Park Service · ski areas © OpenSkiMap / OpenStreetMap contributors · Wikidata · Wikipedia readership · photos via Wikimedia Commons
Photo credits

U.S. Bank Stadium: Darb02, CC BY-SA 4.0 · Valleyfair: https://www.flickr.com/photos/clumpinglitter/, CC BY-SA 2.0 · Huntington Bank Stadium: Lectrician2, CC BY-SA 4.0 · Target Field: Lectrician2, CC BY-SA 4.0 · Grand Casino Arena: AlexiusHoratius, CC BY-SA 3.0 · Nickelodeon Universe: Tyler Vigen, CC BY 4.0

Keep exploring

Everything we know about Elko New Market

19pages on Elko New Market
After high school

Colleges nearby

2 within 15 miles of the center of Elko New Market

A commuter town

97% of working residents leave Elko New Market for work

Where Elko New Market’s working residents go each day. Line width shows the share.

11% → Lakeville Lakeville 11% 8% → Minneapolis Minneapolis 8% 7% → Bloomington Bloomington 7% 7% → Burnsville Burnsville 7% 5% → Eagan Eagan 5% 5% → Edina Edina 5% Elko New Market · 3% stay
316jobs based in Elko New Market
3%of working residents work in town
20 mimedian commute distance

Census LEHD 2023

About Elko New Market

City in Minnesota, United States

Official town website ↗

Elko New Market is a city in Scott County, Minnesota, United States. It was founded in 2006 through a merging of bordering cities Elko and New Market. The population was 4,846 at the 2020 census. Served by Interstate 35 and Scott County Road 2, the city contains one public school, and is notable as the location of Elko Speedway. The New Market Hotel and Store is listed on the National Register of Historic Places. The city contains a marker for the Big Woods of south–central Minnesota.

From Wikipedia, licensed CC BY-SA 4.0 · facts via Wikidata (CC0)

Area
3.4 sq mi
Elevation
971 ft
ZIP code
55020, 55054
Area code
952

Questions about Elko New Market

Short answers, built from the data on this page.

Is Elko New Market, MN a good place to live?

By most measures, yes. Elko New Market grades A overall, better than 86% of U.S. towns and #93 of 271 in Minnesota. It grades A for health and A for schools. Walkability is its weak spot, with a C−.

Is Elko New Market, MN expensive?

Cost of living, which also weighs rents, property taxes and how many households pay 30% or more of their income for housing, grades C.