Market Overview
Home Prices in Clarks Grove, MN
The median home value in Clarks Grove, MN is $232,028 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% 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 Clarks Grove are priced43% below average. Clarks Grove is part of the Albert Lea, MN metro area.
Over the past five years, Clarks Grove home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Clarks Grove Home Price Trend
City Comparison
Clarks Grove vs. National Median
At $232,028, homes in Clarks Grove cost 43% below the national median of $410,000. This makes Clarks Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Clarks Grove?
20% Down Payment
$46,406
on $232,028
Monthly P&I
$1,210/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,537/mo
incl. taxes & insurance
Income Needed
$61,480
gross annual (30% rule)
10% Down Option
$23,203
+ PMI applies
Loan Amount (20% dn)
$185,622
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 Clarks Grove, MN?
The median home value in Clarks Grove is $232,028 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Clarks Grove?
Over the past year, home values in Clarks Grove have increased by 5.7%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Clarks Grove?
To comfortably afford the median home price of $232,028 with a 20% down payment ($46,406) at today's rates (6.8%), you'd need a gross annual income of approximately $61,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Clarks Grove compare to the national average home price?
The national median home value is approximately $410,000. At $232,028, homes in Clarks Grove are 43% below the national average.
What metro area is Clarks Grove part of?
Clarks Grove is part of the Albert Lea, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.