City:

Elizabeth, MN

Elizabeth is a city in the state of minnesota with a population of roughly 323. It is in Otter Tail County, Minnesota the Fergus Falls, MN core-based statistical areas (CBSA), Its Zip codes include 56533 .

Price Trends in Elizabeth, MN

The real estate market in Elizabeth, Minnesota is booming. According to the National Association of Realtors, the median sales price for single-family homes in Elizabeth was $269,000 as of September 2017. This is a 14% increase from the median sales price of $236,000 recorded in September 2016. Additionally, the number of homes sold in Elizabeth during this time period was also up 14%.

One reason for this strong real estate market in Elizabeth may be due to its close proximity to both Minneapolis and St. Paul. Both cities are highly populated and have a large population of young professionals who are looking for affordable housing options. Additionally, Elizabeth has many amenities that make it a desirable place to live including excellent schools and access to major highways and transportation networks.

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