Clear Lake, MN housing market
Homes typically sell in 342 days, close to asking.
Home values, sales, trends and how Clear Lake compares with the towns next door — updated as new data is published.
Clear Lake at a glance
A seller's market
Supply is tight — about 3.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 47% in 5 years
The federal house price index for the ZIP code around Clear Lake rose 47% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 0.7%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | −0.7% | +142% | +127% |
| 2024 | +9.6% | +144% | +120% |
| 2023 | +3.4% | +123% | +113% |
| 2022 | +20% | +115% | +104% |
| 2021 | +9.3% | +80% | +82% |
| 2020 | +1.7% | +65% | +66% |
| 2019 | +4.3% | +62% | +61% |
| 2018 | +6.7% | +55% | +55% |
| 2017 | +7.5% | +46% | +46% |
| 2016 | +3.7% | +36% | +38% |
| 2015 | +3.9% | +31% | +32% |
| 2014 | +4.8% | +26% | +28% |
| 2013 | +4.5% | +20% | +21% |
| 2012 | +0.3% | +15% | +16% |
| 2011 | −5.7% | +15% | +18% |
| 2010 | −11% | +21% | +25% |
| 2009 | −4.8% | +36% | +33% |
| 2008 | −8.7% | +43% | +42% |
| 2007 | −0.8% | +56% | +48% |
| 2006 | +6.6% | +58% | +49% |
| 2005 | +10% | +48% | +45% |
| 2004 | +11% | +34% | +34% |
| 2003 | +5.6% | +21% | +23% |
| 2002 | +7.1% | +15% | +18% |
| 2001 | +7.4% | +7.4% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 55319, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
37 new homes permitted in 2025
Builders were permitted 37 new homes in Clear Lake in 2025: 29 single-family houses and 8 in buildings with two or more homes, worth about $9.2 million to build. Over the past 10 years, Clear Lake has permitted 79 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Clear Lake gained 96 residents while 70 new homes were permitted: about 1.4 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 21 | 17 | 4 | $5.2 million |
| 2025 | 37 | 29 | 8 | $9.2 million |
| 2024 | 4 | 4 | 0 | $637,000 |
| 2023 | 5 | 5 | 0 | $796,000 |
| 2022 | 3 | 3 | 0 | $478,000 |
| 2021 | 4 | 4 | 0 | $637,000 |
| 2020 | 2 | 2 | 0 | $330,000 |
| 2019 | 8 | 8 | 0 | $1.1 million |
| 2018 | 5 | 5 | 0 | $710,000 |
| 2017 | 5 | 5 | 0 | $710,000 |
| 2016 | 6 | 6 | 0 | $852,000 |
| 2015 | 5 | 5 | 0 | $642,000 |
| 2014 | 9 | 9 | 0 | $1.2 million |
| 2013 | 10 | 10 | 0 | $1.3 million |
| 2012 | 9 | 9 | 0 | $1.2 million |
| 2011 | 8 | 8 | 0 | $1 million |
| 2010 | 5 | 5 | 0 | $633,000 |
| 2009 | 3 | 3 | 0 | $380,000 |
| 2008 | 3 | 3 | 0 | $380,000 |
| 2007 | 1 | 1 | 0 | $400,000 |
| 2006 | 6 | 6 | 0 | $956,000 |
| 2005 | 9 | 9 | 0 | $1.5 million |
| 2004 | 13 | 13 | 0 | $2.2 million |
| 2003 | 20 | 16 | 4 | $2.6 million |
| 2002 | 35 | 27 | 8 | $4.4 million |
| 2001 | 4 | 4 | 0 | $330,000 |
| 2000 | 2 | 2 | 0 | $165,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,520
HUD's Fair Market Rent for a two-bedroom in Clear Lake is $1,520 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Clear Lake pay a median of $919, so moving in tends to cost more than staying put.
Studio $1,100 · 4 bedrooms $2,270
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55319; Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Clear Lake
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.