Clearwater, MN—55320
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clearwater, MN
As of Oct '25, the median home price in Clearwater, MN is $365,000, with a year-over-year change of 3.5%. This indicates that home prices in Clearwater, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 3.5% |
| Single Family | $366,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $297,000 | 2.8% |
3 Bed | $360,000 | 3.7% |
4 Bed | $427,000 | 4.7% |
| 5 Bed | $633,000 | 4.5% |
% of Housing Stock
Rental Trends — Clearwater, MN
As of July '25, Rentcast reports the average rent in Clearwater, MN is $1,120, with a year-over-year rent change of -37.4%. Per bedroom, the median rent as of July '25 in Clearwater, MN is studios: $1,120. The most common rental property sizes in Clearwater, MN are 2-bedroom and 1-bedroom, accounting for 52.4% and 18.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,120 |
| Studio Rent | $1,120 | $1,120 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Clearwater, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Clearwater, MN is 40. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 19.0% |
Listing Count | 29 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 40 | 15.0% |
Demographics — Clearwater, MN
As of the latest ACS Survey released in 2023, Clearwater, MN has a population of 5,680, which has increased by 9.8% over the past 5 years. Clearwater, MN is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,680 | 9.8% |
% Under 18 | 24.1% | -0.8% |
% Seniors | 14.4% | 11.6% |
% WFH | 11.5% | 57.5% |
% w/ College Degree | 27.7% | 23.7% |
As of the latest ACS Survey released in 2023, Clearwater, MN is a predominantly white area, with 94.8% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Clearwater, MN is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.3% of the population in Clearwater, MN, and this percentage has decreased by 50.0% 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 | 94.8% | -0.1% |
% Black | 0.1% | -80.0% |
% Hispanic | 0.9% | -67.9% |
% Asian | 0.6% | -25.0% |
% Foreign Born | 1.3% | -50.0% |
Mortgage and Risk — Clearwater, MN
According to HUD data as of 2023, there were 137 mortgage originations in Clearwater, MN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Clearwater, MN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Clearwater, MN
Clearwater, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | N/A | N/A | $1,460 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,240 |
Affordability — Clearwater, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $365,000 |
| Median Household Income | $109,000 |