Clear Lake, IA 50428 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Clear Lake, IA—50428

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$318,000

3.4% YoY Growth

Household Income

$72,900

27.9% YoY Growth

Days on Market

111

29.0% Shorter YoY

Home Price Forecast

2.0%

Median Rent

$1,200

7.4% YoY Growth

1-Bed Rent

$695

N/A

2-Bed Rent

$1,600

170.3% YoY Growth

3-Bed Rent

$875

37.5% YoY Growth

Home Price Trends — Clear Lake, IA

As of Dec '25, the median home price in Clear Lake, IA is $318,000, with a year-over-year change of 3.4%. This indicates that home prices in Clear Lake, IA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$318,000	3.4%
Single Family	$314,000	3.6%
Condos	$347,000	3.9%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Clear Lake, IA

As of July '25, Rentcast reports the average rent in Clear Lake, IA is $1,630, with a year-over-year rent change of -7.4%. Per bedroom, the median rent as of July '25 in Clear Lake, IA is 1-bedrooms: $688, 2-bedrooms: $2,100, 3-bedrooms: $875, 4-bedrooms: $2,500. The most common rental property sizes in Clear Lake, IA are 2-bedroom and 1-bedroom, accounting for 33.0% and 30.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,630
Studio Rent	N/A	N/A
1 Bed Rent	$695	$688
2 Bed Rent	$1,600	$2,100
3 Bed Rent	$875	$875
4 Bed Rent	$2,500	$2,500

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% of Rental Stock

Studio

5.1%

1 Bedroom

30.6%

2 Bedrooms

33.0%

3 Bedrooms

20.0%

4 Bedrooms

1.6%

5+ Bedrooms

9.7%

Property Listings — Clear Lake, IA

As of Dec '25, Realtor.com reports that the median days on market for a home in Clear Lake, IA is 96. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$425,000	1.0%
Listing Count	105	0.0%
Listings as % of Homes	0.8%	0.0%
Days on Market	111	-29.0%

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Demographics — Clear Lake, IA

As of the latest ACS Survey released in 2023, Clear Lake, IA has a population of 9,090, which has decreased by -2.6% over the past 5 years. Clear Lake, IA is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,090	-2.6%
% Under 18	18.6%	-4.1%
% Seniors	26.9%	1.9%
% WFH	12.9%	248.6%
% w/ College Degree	32.3%	11.4%

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As of the latest ACS Survey released in 2023, Clear Lake, IA is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Clear Lake, IA is hispanic, making up 4.1% of the population. Foreign-born residents account for 1.8% of the population in Clear Lake, IA, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.9%	-0.6%
% Black	0.2%	-60.0%
% Hispanic	4.1%	86.4%
% Asian	1.9%	-13.6%
% Foreign Born	1.8%	-25.0%

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Mortgage and Risk — Clear Lake, IA

According to HUD data as of 2023, there were 116 mortgage originations in Clear Lake, IA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Clear Lake, IA. Investor activity is low, as 13.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	116
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	13.0%
% Second Loans	17.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Clear Lake, IA

Clear Lake, IA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	160
Total Units Section 8	150
% Rentals under Section 8	N/A
% Occupied Section 8	84.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$15	$695	$680
2 Bedroom	-$720	$1,600	$880
3 Bedroom	$245	$875	$1,120
4 Bedroom	-$1,160	$2,500	$1,340

Clear Lake, IA—50428

Key Metrics at a Glance

Home Price Trends — Clear Lake, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clear Lake, IA

% of Rental Stock

Property Listings — Clear Lake, IA

Demographics — Clear Lake, IA

Race and Ethnicity

Mortgage and Risk — Clear Lake, IA

Mortgages

Rentals and Section 8 — Clear Lake, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Clear Lake, IA

Home Price to Income Ratio

Clear Lake, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Ventura, IA

Fertile, IA

Joice, IA

Swaledale, IA

Mason City, IA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$318,000
Median Household Income	$72,900

Clear Lake, IA—50428

Key Metrics at a Glance

Home Price Trends — Clear Lake, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clear Lake, IA

% of Rental Stock

Property Listings — Clear Lake, IA

Demographics — Clear Lake, IA

Race and Ethnicity

Mortgage and Risk — Clear Lake, IA

Mortgages

Rentals and Section 8 — Clear Lake, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Clear Lake, IA

Home Price to Income Ratio

Clear Lake, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Ventura, IA

Fertile, IA

Joice, IA

Swaledale, IA

Mason City, IA

Frequently Asked Questions

What is the average home price in Clear Lake, IA 50428?

How have home prices in Clear Lake, IA 50428 changed over the past year?

What is the home price projection for Clear Lake, IA 50428?

What are the demographics of Clear Lake, IA 50428?

How long does it take homes to sell in Clear Lake, IA 50428?

What is the average rent price in Clear Lake, IA 50428?