Zip 56222 (Clara City, MN) Housing

The housing market in 56222 Clara City, MN is performing relatively well compared to the national average. According to recent data, the median value of homes in the area is $184,000 which is significantly lower than the US housing median of $338,100. However, it seems that the region has seen a substantially higher appreciation rate in the past year than the national level; 13.39% as opposed to 8.27%. This indicates that homes in Clara City are becoming increasingly valuable at an accelerated rate and may be a great investment for buyers and investors looking to capitalize on this trend.

The median home cost in Clara City (zip 56222) is $184,000. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Clara City (zip 56222) is up 12.6%.

Average Age of Homes

- The median age of Clara City (zip 56222) real estate is 60 years old

The Rental Market in Clara City (zip 56222)

- Renters make up 23.3% of the Clara City (zip 56222) population
- 1.9% of houses and apartments in Clara City (zip 56222), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Clara City, Minnesota	United States
	940.0	139,647,020.0
	66	42
	$184,000	$338,100
	12.6%	16.6%
	42.7%	57.0%
	60.2%	101.1%
	$11.33	$10.98
	$1,547	$2,690
	65.9%	57.4%
	10.4%	11.2%
	23.7%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	7.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	3.6%	2.4%
	7.4%	2.8%
	12.6%	3.9%
	10.5%	4.5%
	25.0%	11.3%
	17.4%	13.0%
	14.9%	20.1%
	5.8%	13.6%
	1.5%	8.3%
	0.3%	9.7%
	0.3%	3.9%
	0.2%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.3%	13.6%
	3.3%	13.6%
	5.9%	13.6%
	4.4%	13.2%
	14.1%	14.8%
	5.9%	13.6%
	19.3%	10.0%
	13.2%	4.7%
	26.7%	12.2%

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