Similar to its nearby areas, it is a little less expensive compared to the nation as a whole. It's somewhat less expensive compared to the city of Minneapolis.
Home prices
The cost of the median home in Clear Lake is $181,000. In comparison to other places in this area this is approximately $7,480 (3%) lower.In comparison to the entire country it is about $36,500 (16%) lower, and compared to the city of Minneapolis is approximately $70,600 (28%) lower.
Rents
The median rent in Clear Lake is $856 a month. This is is very similar compared to nearby areas.It is approximately $206 (19%) lower compared to the rest of the nation, and is roughly $171 (16%) lower compared to the city of Minneapolis.
Nearby places
Clearwater
Clearwater is approximately 2 miles southwest of Clear Lake. The real estate prices there are somewhat less expensive. The median home in Clearwater is valued at $172,000, which comes out to $9,000 (5%) lower than Clear Lake. The rent there is similar. In Clearwater the median rent is $836 per month, which comes out to $20 (2%) lower than Clear Lake.
Becker
Becker is about 6 miles southeast of Clear Lake. The housing prices there are pretty similar. The value of the median home in Becker is $188,400, which works out to $7,400 (3%) higher than Clear Lake. Rents there are a bit more expensive. In Becker the median rent is $969 a month, which is $113 (11%) higher than Clear Lake.
St. Augusta
St. Augusta is approximately 8 miles west of Clear Lake. The housing prices there are a little more expensive. St. Augusta's median home value is $228,400, which is $47,400 (20%) higher than Clear Lake. The rent there is a bit more expensive. The median rent in St. Augusta is $947 a month, which works out to $91 (9%) higher than Clear Lake.
Silver Creek
Silver Creek is approximately 8 miles south from Clear Lake. The real estate prices there are a bit more expensive. Silver Creek's median home price is $198,100, which works out to $17,100 (8%) higher than Clear Lake. The rent there is somewhat less expensive. In Silver Creek the median monthly rent is $713, which works out to $143 (20%) lower than Clear Lake.
St. Cloud
St. Cloud is about 8 miles northwest of Clear Lake. The real estate prices there are somewhat less expensive. The median home in St. Cloud costs $155,500, which comes out to $25,500 (16%) lower than Clear Lake. Rents there are a bit less expensive. The median monthly rent in St. Cloud is $802, which is $54 (6%) lower than Clear Lake.
