Similar to nearby areas, it's substantially less expensive compared to the entire nation. Compared to the city of Minneapolis, it is substantially less expensive.
Home prices
The price of the median home in Clear Lake is $130,900. Compared to its nearby areas this is roughly $4,960 (3%) higher.In comparison to the US as a whole it is approximately $86,600 (39%) lower, and it is roughly $120,700 (47%) lower compared to the city of Minneapolis.
Rents
Clear Lake's median monthly rent is $580. Compared to other places in this area this is about $135 (18%) lower.In comparison to the rest of the nation it is roughly $482 (45%) lower, and is approximately $447 (43%) lower in comparison to the city of Minneapolis.
Nearby places
Amery
Amery is roughly 5 miles northwest from Clear Lake. The real estate prices there are pretty similar. The median home in Amery costs $133,900, which is $3,000 (2%) higher than Clear Lake. Rent there is a little more expensive. Amery's median monthly rent is $749, which comes out to $169 (22%) higher than Clear Lake.
Clayton
Clayton is roughly 6 miles northeast of Clear Lake. Its real estate prices are a little less expensive. The value of the median home in Clayton is $113,000, which is $17,900 (15%) lower than Clear Lake. Rents there are a bit more expensive. The median monthly rent in Clayton is $806, which works out to $226 (28%) higher than Clear Lake.
Deer Park
Deer Park is about 6 miles southwest of Clear Lake. The housing prices there are pretty similar. The cost of the median home in Deer Park is $130,000, which is very similar to Clear Lake. Rent there is fairly similar. The median monthly rent in Deer Park is $594, which works out to $14 (2%) higher than Clear Lake.
Turtle Lake
Turtle Lake is about 10 miles northeast from Clear Lake. Its real estate prices are substantially less expensive. Turtle Lake's median home value is $89,300, which works out to $41,600 (46%) lower than Clear Lake. Rent there is a little more expensive. Turtle Lake's median monthly rent is $643, which is $63 (9%) higher than Clear Lake.
Star Prairie
Star Prairie is about 11 miles west of Clear Lake. Its housing prices are a little more expensive. The median home in Star Prairie costs $163,500, which works out to $32,600 (19%) higher than Clear Lake. Its rents are a bit more expensive. The median monthly rent in Star Prairie is $781, which works out to $201 (25%) higher than Clear Lake.
