Market Overview
Home Prices in Clara City, MN
The median home value in Clara City, MN is $259,209 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.5% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clara City are priced37% below average.
Over the past five years, Clara City home values have risen by approximately38.3%, reflecting strong long-term appreciation in this market.
Price History
Clara City Home Price Trend
2020
$160,591
$161K
—
2021
$187,385
$187K
+16.7%
2022
$219,907
$220K
+17.4%
2023
$220,195
$220K
+0.1%
2024
$227,326
$227K
+3.2%
2025
$234,476
$234K
+3.1%
2026
$259,209
$259K
+10.5%
City Comparison
Clara City vs. National Median
🏠 Clara City
$259,209
National Median
$410,000
At $259,209, homes in Clara City cost 37% below the national median of $410,000. This makes Clara City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Clara City?
20% Down Payment
$51,842
on $259,209
Monthly P&I
$1,352/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,717/mo
incl. taxes & insurance
Income Needed
$68,680
gross annual (30% rule)
10% Down Option
$25,921
+ PMI applies
Loan Amount (20% dn)
$207,367
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Clara City, MN?
The median home value in Clara City is $259,209 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.5% year-over-year.
How much have home prices changed in Clara City?
Over the past year, home values in Clara City have increased by 10.5%. Over five years, prices have risen approximately 38.3%.
How much do I need to earn to buy a home in Clara City?
To comfortably afford the median home price of $259,209 with a 20% down payment ($51,842) at today's rates (6.8%), you'd need a gross annual income of approximately $68,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Clara City compare to the national average home price?
The national median home value is approximately $410,000. At $259,209, homes in Clara City are 37% below the national average.