55319, Clear Lake MN Home Values

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Clear Lake, MN is a beautiful city located in Sherburne County, with a population of around 1,500 people. The city is known for its natural beauty, with many parks and lakes that provide excellent opportunities for outdoor activities. The real estate market in Clear Lake, MN is also thriving, with many homes for sale and a steady increase in home values.

One of the best ways to stay informed about the real estate market in Clear Lake, MN is by keeping an eye on the latest home values for the 55319 area. This can help you understand the current state of the market and make more informed decisions about buying or selling a home.

The median home value in Clear Lake, MN is currently around $260,000. This is a significant increase from the median home value of $240,000 in 2020, and a clear indication of a strong and healthy market. The average price per square foot for homes in Clear Lake, MN is around $190, which is also higher than the national average of $166.

There are many factors that contribute to the strong real estate market in Clear Lake, MN. One of the most important is the city’s strong economy. Clear Lake, MN has a low unemployment rate and a strong job market, which attracts many new residents to the area. Additionally, the city has a high median household income, which means that many families can afford to buy homes in the area.

Another important factor is the city’s great location. Clear Lake, MN is located just 30 minutes from the Twin Cities, which makes it an attractive option for those who want to live in a more rural area but still have easy access to the city. This is particularly appealing to those who work in the Twin Cities but want to live in a quieter, more peaceful environment.

The real estate market in Clear Lake, MN is also supported by a wide variety of housing options. There are many different types of homes for sale in the area, including single-family homes, townhouses, and condos. This diversity of options makes it easy for buyers to find a home that fits their needs and budget.

One of the most popular types of homes in Clear Lake, MN is the single-family home. These homes are perfect for families and offer plenty of living space and privacy. The median price for a single-family home in Clear Lake, MN is around $280,000, and many of these homes are located in quiet neighborhoods and offer beautiful views of the surrounding area.

Another popular option in Clear Lake, MN is the townhouse. Townhouses are a great option for those who want a more maintenance-free lifestyle. They are also a great option for first-time homebuyers, as they are typically more affordable than single-family homes. The median price for a townhouse in Clear Lake, MN is around $230,000.

Condo is also another type of housing option in Clear Lake, MN. Condos are similar to apartments, but they are owned rather than rented. They are a great option for those who want to live in a more urban environment and have access to amenities like swimming pools and fitness centers. The median price for a condo in Clear Lake, MN is around $180,000.

Another important factor that contributes to the real estate market in Clear Lake, MN is the city’s commitment to preserving its natural beauty. The city has many parks and lakes that provide excellent opportunities for outdoor activities, and the city’s residents take great pride in maintaining the natural beauty of the area. This commitment to preserving the natural environment is a major draw for many buyers, who appreciate the opportunity to live in an area that is surrounded by natural beauty.