Market Overview
Home Prices in Clarkfield, MN
The median home value in Clarkfield, MN is $111,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.4% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clarkfield are priced73% below average.
Over the past five years, Clarkfield home values have risen by approximately35.1%, reflecting strong long-term appreciation in this market.
Price History
Clarkfield Home Price Trend
2021
$82,396
$82K
—
2022
$99,589
$100K
+20.9%
2023
$99,109
$99K
-0.5%
2024
$101,822
$102K
+2.7%
2025
$102,739
$103K
+0.9%
2026
$111,323
$111K
+8.4%
City Comparison
Clarkfield vs. National Median
🏠 Clarkfield
$111,323
National Median
$410,000
At $111,323, homes in Clarkfield cost 73% below the national median of $410,000. This makes Clarkfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Clarkfield?
20% Down Payment
$22,265
on $111,323
Monthly P&I
$581/mo
30-yr @ 6.8%
Total Monthly Est.
~$738/mo
incl. taxes & insurance
Income Needed
$29,520
gross annual (30% rule)
10% Down Option
$11,132
+ PMI applies
Loan Amount (20% dn)
$89,058
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 Clarkfield, MN?
The median home value in Clarkfield is $111,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.4% year-over-year.
How much have home prices changed in Clarkfield?
Over the past year, home values in Clarkfield have increased by 8.4%. Over five years, prices have risen approximately 35.1%.
How much do I need to earn to buy a home in Clarkfield?
To comfortably afford the median home price of $111,323 with a 20% down payment ($22,265) at today's rates (6.8%), you'd need a gross annual income of approximately $29,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Clarkfield compare to the national average home price?
The national median home value is approximately $410,000. At $111,323, homes in Clarkfield are 73% below the national average.