Home Values

Clear Lake Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$225,000

  • 11.8% 1-year change
  • 2.3% 1-year forecast

The median home value in Clear Lake is $225,000. Clear Lake home values have gone up 11.8% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Clear Lake is $162, which is lower than the Minneapolis-St Paul Metro average of $163. The median price of homes currently listed in Clear Lake is $220,000 while the median price of homes that sold is $240,000.

Foreclosures will be a factor impacting home values in the next several years. In Clear Lake 3.0 homes are foreclosed (per 10,000). This is lower than the Minneapolis-St Paul Metro value of 4.0 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Clear Lake is 3.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Clear Lake homeowners underwater on their mortgage is 12.1%, which is lower than Minneapolis-St Paul Metro at 15.6%.

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Relative ZHVI
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Clear Lake Market Overview

Data through Dec 31, 2014
  • $225,000 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $220,000 Median listing price
  • No recent data Median sale price
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Clear Lake Market Health

Data through Dec 31, 2014
  • 8.2/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3 homes(Nov 30, 2014) Clear Lake
4 homes Minneapolis-St Paul Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Annandale $204,700
Becker $202,500
Big Lake $179,800
Name Median ZHVI
Maple Lake $176,500
Buffalo $158,900
Monticello $152,300
Name Median ZHVI
Zimmerman $144,700
 
 

Listings & Sales

Data through Dec 31, 2014
  • $162 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 12.3% Listings with price cut
16.7%
Sold below listing
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Clear Lake Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,454 Clear Lake
    $1,501 Minneapolis-St Paul Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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