Market Overview
Home Prices in Clear Lake, MN
The median home value in Clear Lake, MN is $421,178 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Clear Lake are priced3% above average. Clear Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Clear Lake home values have risen by approximately19.9%, reflecting steady appreciation in this market.
Price History
Clear Lake Home Price Trend
City Comparison
Clear Lake vs. National Median
At $421,178, homes in Clear Lake cost 3% above the national median of $410,000. Buyers in Clear Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Clear Lake?
20% Down Payment
$84,236
on $421,178
Monthly P&I
$2,197/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,790/mo
incl. taxes & insurance
Income Needed
$111,600
gross annual (30% rule)
10% Down Option
$42,118
+ PMI applies
Loan Amount (20% dn)
$336,942
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 Clear Lake, MN?
The median home value in Clear Lake is $421,178 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Clear Lake?
Over the past year, home values in Clear Lake have increased by 3%. Over five years, prices have risen approximately 19.9%.
How much do I need to earn to buy a home in Clear Lake?
To comfortably afford the median home price of $421,178 with a 20% down payment ($84,236) at today's rates (6.8%), you'd need a gross annual income of approximately $111,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Clear Lake compare to the national average home price?
The national median home value is approximately $410,000. At $421,178, homes in Clear Lake are 3% above the national average.
What metro area is Clear Lake part of?
Clear Lake is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.