Clear Lake, IA—50428
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clear Lake, IA
As of Oct '25, the median home price in Clear Lake, IA is $324,000, with a year-over-year change of 2.9%. This indicates that home prices in Clear Lake, IA are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 3.0% |
| Single Family | $320,000 | 3.2% |
| Condos | $352,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $268,000 | 4.3% |
3 Bed | $328,000 | 3.1% |
4 Bed | $414,000 | 2.7% |
| 5 Bed | $660,000 | 1.9% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Clear Lake, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Clear Lake, IA is 103. This is a decrease of -11.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $421,000 | -1.0% |
Listing Count | 124 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 103 | -11.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Clear Lake, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $324,000 |
| Median Household Income | $72,900 |