Clear Lake Minnesota Area Home Supply Charts

This page looks at a variety of Clear Lake Minnesota housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Clear Lake depicts it has a Housing Units of 206 which is the second smallest when sorted by housing units of all the other places in the metropolitan area.

Figure 2 illustrates the housing density in the Clear Lake housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Clear Lake shows it has a Housing Density of 200.2 which is in the center range of other places in the greater region. The city with the highest housing density in the area is Sauk Rapids which depicts a density of 941.1 (approximately 4.7 times bigger). Comparing housing density to the United States average of 38.9, Clear Lake is very much bigger. Also, benchmarked against the state of Minnesota, housing density of 30.7, Clear Lake is considerably bigger.

In Figure 4, Clear Lake area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Clear Lake shows it has a Housing Unit Change of -7.2% which is the smallest in terms of change in the housing units of all the other places in the local area. The city with the highest change in the housing units in the area is St Augusta which depicts a housing units of 12.5% (73.4% larger). Comparing change in the housing units to the United States average of 5.7%, Clear Lake is 26.8% larger. Also, compared with the state of Minnesota, change in the housing units of 3.9%, Clear Lake is about twice as large.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Clear Lake depicts it has a Renter Percent of 24.8% which is in the mid point range of other places in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 75.2% which is in the intermediate range of other places in the metropolitan area.

Clear Lake Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Clear Lake home price is illustrated for this community and a useful analysis of affordable housing. Clear Lake depicts it has a Median Home Value of $181,000 which is in the middle range of other places in the metropolitan area. The city with the highest median home price in the area is St Augusta which shows a home price of $228,400 (26.2% larger). Figure 8 provides aggregate comparative data for the Clear Lake Minnesota metro area in terms of the median housing rental rate, apartment rent, etc. Clear Lake depicts it has a Median Gross Rent of $856 which is the third most rental rates of all other places in the greater Clear Lake region. The city with the highest rental rates in the area is Becker which indicates a rental rates of $969 (13.2% larger). Comparing rental rates to the United States average of $1,062, Clear Lake is about 24.1% smaller. Also, compared to the state of Minnesota, rental rates of $977, Clear Lake is about 14.1% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Clear Lake has one of the largest proportions of home price worth less than $50,000 at 9% of the total and is ranked #2. The only larger city being St Cloud with 9%.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Clear Lake depicts it has a Median Owner Cost of $1,372 which is is the uppermost of the places in the greater Clear Lake region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Clear Lake metro area. it has a Owner Cost as % of HH Income of 19% which is the highest of all places in the local area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Clear Lake indicates it has a Median Home Value as Percent of Median Earnings of 338% which is the second smallest in order of median home value as a percent of median worker earnings of all the other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Clear Lake shows it has a Median Owner Costs-With Mortgage of $1,446 which is the third most median housing cost of all other places in the greater Clear Lake region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $570 which is the largest of all places in the greater Clear Lake region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Clear Lake has the smallest proportion of owner cost less than $300 at 4% of the total. Second, it has the smallest proportion of owner cost between $300 and $500 at 3% of the total. Third, it has the largest proportion of owner cost between $700 and $1,000 at 39% of the total and is ranked #1. Also, it has the largest proportion of owner cost between $1,500 and $2,000 at 13% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Clear Lake shows it has a % of Income Owner Costs-With Mortgage of 20% which is the third most cost as a percent of household income of all other places in the greater Clear Lake region. The city with the highest cost as a percent of household income in the area is Sauk Rapids which depicts a cost as a percent of household income of 22% (7.9% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Clear Lake shows it has a % of Income Owner Costs-No Mortgage of 9% which is in the center range of other places in the surrounding region. The city with the highest cost as a percent of household income in the area is Silver Creek CDP which shows a cost as a percent of household income of 12% (30.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Clear Lake has the smallest proportion of rent as a percent of income is less than 10 pct at 12% of the total. Second, it has the smallest proportion of rent as a percent of income is between 10pct to 20pct at 16% of the total. Third, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 25% of the total and is ranked #1. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 25% of the total and is ranked #2. The only larger city being Silver Creek CDP with 33%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Clear Lake has the smallest proportion of housing cost less than $300 at 5% of the total. Second, it has the smallest proportion of housing cost between $300 and $500 at 4% of the total. Third, it has the largest proportion of housing cost between $700 and $1,000 at 37% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,127 which is the third most of all other places in the metro area. The city with the highest median real estate taxes paid in the area is St Augusta which shows a taxes paid of $2,398 (12.7% larger). Comparing median real estate taxes paid to the United States average of $2,471, Clear Lake is about 16.2% smaller. Also, versus the state of Minnesota, median real estate taxes paid of $2,500, Clear Lake is about 17.5% smaller.

Figure 22 shows the percentage of renters who pay for utilities in Clear Lake Minnesota. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Clear Lake has one of the largest proportions of pay extra for utilities at 18% of the total and is ranked #2. The only larger city being Sauk Rapids with 26%.

Figure 23 shows the rental rate distribution for this area. Clear Lake Minnesota has the percentage of rent between 500 and 750 dollars the second smallest as measured by rent less than 300 dollars of all the other places in the greater region at 16% of the total. Second, it has the largest proportion of rent between 750 and 1000 dollars at 31% of the total and is ranked #1.

Clear Lake Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Clear Lake has the smallest proportion of with mortgage at 6% of the total. Second, it has the smallest proportion of 2nd mortgage or heloc-not both at 2% of the total. Third, it has the smallest proportion of 2nd mortgage at 4% of the total. Also, it has the largest proportion of both 2nd mortgage and heloc at 78% of the total and is ranked #1. In addition, it has the smallest proportion of no 2nd mortgage and no heloc at 16% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Clear Lake has the smallest proportion of houses with mortgages at 16% of the total.

Clear Lake Minnesota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the second most family members per housing unit of all the places in the greater Clear Lake region. The city with the highest family members per housing unit in the area is Becker which depicts a family members per housing unit of 3.3 (only about 3.2% larger). Comparing family members per housing unit to the United States average of 3.3, Clear Lake is only about 3.7% smaller. Also, compared to the state of Minnesota, family members per housing unit of 3.1, Clear Lake is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.7 which is the second most average number of rooms in a house of all the places in the greater Clear Lake region. The city with the highest average number of rooms in a house in the area is St Augusta which depicts an average number of rooms in a house of 7.1 (only about 6.0% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1999 which is the second most of all the places in the metro area. The city with the highest year built in the area is Becker which shows a year built of 2001 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2013 at 43% of the total and is ranked #2. The only larger city being Clearwater with 44%. Second, it has the smallest proportion of homes built between 2000 to 2009 at 12% of the total. Third, it has the smallest proportion of homes built between 1990 to 1999 at 5% of the total. Also, it has the second smallest as measured by homes built in 2014 or later of all the other places in the greater region as measured by homes built between 1980 to 1989 at 2% of the total. In addition, it has the second smallest when ranked by homes built in 2014 or later of all the other places in the greater region when sorted by homes built between 1960 to 1969 at 1% of the total. Furthermore, it has the largest proportion of homes built between 1950 to 1959 at 6% of the total and is ranked #1. Next it has one of the largest proportions of homes built between 1940 to 1949 at 19% of the total and is ranked #2. The only larger city being Silver Creek CDP with 32%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest when sorted by owner-occupied housing units of all the other places in the local area at 51 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 2 units at 4% of the total and is ranked #1. Second, it has one of the largest proportions of 5 to 9 units at 8% of the total and is ranked #2. The only larger city being St Cloud with 9%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later in the middle range of other places in the surrounding region at $168,800 of the total. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $209,200 of the total and is ranked #3. Only #2 Sauk Rapids ($214,500), and #1 St Augusta ($262,400) are larger. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $225,000 of the total and is ranked #2. The only larger city being St Augusta with $260,000. Also, it has less than most other places in the greater region in order of value of homes built 1990 to 1999 at $143,800 of the total. In addition, it has the largest proportion of value of homes built 1950 to 1959 at $140,000 of the total and is ranked #1. Furthermore, it has one of the largest proportions of value of homes built 1940 to 1949 at $160,200 of the total and is ranked #3. Only #2 Silver Creek CDP ($179,200), and #1 St Augusta ($220,500) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Clear Lake residents. it has a Owner-Household Size of 3.0 which is at the top of all other places in the greater Clear Lake region.

Figure 37 shows the household size for renters. Clear Lake depicts it has a Renter-Household Size of 2.2 which is the third most renter household sizes of all other places in the greater Clear Lake region. The city with the highest renter household size in the area is Silver Creek CDP which shows a renter household sizes of 3.0 (38.9% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2015 to 2016 at 47% of the total and is ranked #1. Second, it has the second smallest in terms of owners moved in 2017 or later of all the other places in the greater region when ranked by owners moved in 2010 to 2014 at 22% of the total. Third, it has the smallest proportion of owners moved in 2000 to 2009 at 7% of the total. Also, it has less than most other places in the local area as measured by owners moved in 1990 to 1999 at 5% of the total. Figure 39 shows the year that people who rent moved into the area. Clear Lake has the largest proportion of renters moved in 2017 or later at 44% of the total and is ranked #1. Second, it has the second smallest when ranked by renters moved in 2017 or later of all the other places in the area as measured by renters moved in 2010 to 2014 at 2% of the total. Third, it has the largest proportion of renters moved in 1990 to 1999 at 4% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2012 which is the largest of all places in the greater Clear Lake region. Figure 41 compares the median year that renters moved into their home. Clear Lake depicts it has a Renter Median Year Moved In of 2014 which is less than most other places in the greater region.