Old Village District, Lake Elmo, MN
Old Village District — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Old Village District, Lake Elmo, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Old Village District Neighborhood Overview
The Old Village District is the historic heart of Lake Elmo, Minnesota, offering a charming small-town atmosphere within the wider Twin Cities metropolitan area. Centered around its namesake village, this neighborhood provides a distinct sense of community and history. Its location provides a peaceful, semi-rural setting while maintaining convenient access to urban amenities.
Lifestyle & Amenities
Residents enjoy a lifestyle centered on community and outdoor recreation, with easy access to local parks and the natural beauty of the area. The district itself features quaint local businesses and services that foster a walkable village feel. For more extensive shopping and dining, larger commercial centers in nearby cities are just a short drive away.
Real Estate Market
The real estate market in Old Village District is characterized by substantial, well-established homes, reflecting its desirability. The U.S. Census reports a median home value of $559,700, indicating a premium housing market. This stable market attracts buyers seeking a permanent home in a community-oriented neighborhood with a strong sense of place.
Schools & Education
The neighborhood is served by the Stillwater Area Public Schools district, which is highly regarded in the region. Families in the Old Village District have access to a range of educational options from elementary through high school. The community's high median household income often correlates with strong parental involvement and support for local schools.
Transportation & Connectivity
Primary access is provided by major roadways like Interstate 94 and State Highway 5, connecting residents to downtown St. Paul and Minneapolis. While primarily car-dependent, the neighborhood's layout in the historic village encourages local walking and biking. Public transit options are available through Metro Transit, with park-and-ride facilities located in nearby communities for commuters.
Why Choose Old Village District
Homebuyers choose the Old Village District for its unique blend of historic charm, community spirit, and upscale, stable living environment. With a median household income of $157,923, the neighborhood supports a high quality of life and investment in local amenities. It is ideal for those seeking a distinctive, family-friendly community with the benefits of both rural tranquility and metropolitan proximity.
Old Village District Market Data
| Metric | Value |
|---|---|
| Median Home Price | $560K |
| Median Household Income | $158K |
| Homeownership Rate | 92.2% |
| Renter-Occupied | 7.8% |
| Rental Vacancy Rate | 0.0% |
| Market Type | Seller's |
| Market Tier | Luxury |
| Primary ZIP Code | 55042 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Old Village District, Lake Elmo
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Old Village District, Lake Elmo, MN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-10