Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 663 people, 243 houses or apartments, and a median cost of homes of $481,166, Clear Lake real estate is some of the most expensive in Minnesota, although Clear Lake home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Clear Lake, accounting for 87.65% of the city's housing units. Other types of housing that are prevalent in Clear Lake include large apartment complexes or high rise apartments ( 6.17%), duplexes, homes converted to apartments or other small apartment buildings ( 4.12%), and a few row houses and other attached homes ( 2.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clear Lake. Owner-occupied housing accounts for 86.01% of Clear Lake's homes, and 74.90% have either three or four bedrooms, which is average sized relative to America.
Clear Lake homes and real estate are some of the newest in America. 49.79% of Clear Lake's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Clear Lake real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 23.46%), and between 1940-1969 ( 13.99%). There's also some housing in Clear Lake built between 1970-1999 ( 12.76%).
Appreciation rates for homes in Clear Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.78%, which ranks in the top 50% nationwide. This equates to an annual average Clear Lake house appreciation rate of 6.56%.
Over the last year, Clear Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Clear Lake's appreciation rate has been 2.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clear Lake were at 2.27%, which equates to an annual appreciation rate of 9.38%.
Relative to Minnesota, our data show that Clear Lake's latest annual appreciation rate is lower than 60% of the other cities and towns in Minnesota.
$481,166
for Minnesota
for nation
243
$1,429 / per month