Zip 56016 (Clarks Grove, MN) Housing

The housing market in 56016 Clarks Grove, Minnesota is doing well. According to recent data, the median value of homes in the area is $166,500, which is significantly lower than the US median house value of $338,100. Additionally, the one year appreciation rate for houses in Clarks Grove is 11.33%, which is higher than the national average of 8.27%. This indicates that investing in housing within this area could be a prudent decision as it has been steadily increasing in value over time.

The median home cost in Clarks Grove (zip 56016) is $166,500. Home appreciation the last 10 years has been 70.2%. Home Appreciation in Clarks Grove (zip 56016) is up 11.6%.

Average Age of Homes

- The median age of Clarks Grove (zip 56016) real estate is 44 years old

The Rental Market in Clarks Grove (zip 56016)

- Renters make up 13.1% of the Clarks Grove (zip 56016) population
- 0.0% of houses and apartments in Clarks Grove (zip 56016), 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	Clarks Grove, Minnesota	United States
	412.0	139,647,020.0
	48	42
	$166,500	$338,100
	11.6%	16.6%
	43.0%	57.0%
	70.2%	101.1%
	$10.89	$10.98
	$1,422	$2,690
	82.3%	57.4%
	8.3%	11.2%
	9.5%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	2.9%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	5.3%	4.1%
Value of Owner-Occupied Housing
	8.3%	2.6%
	6.2%	2.4%
	4.1%	2.8%
	2.1%	3.9%
	8.9%	4.5%
	16.8%	11.3%
	21.5%	13.0%
	20.1%	20.1%
	5.9%	13.6%
	1.5%	8.3%
	2.1%	9.7%
	1.8%	3.9%
	0.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	13.1%	13.6%
	8.3%	13.2%
	25.5%	14.8%
	13.1%	13.6%
	10.0%	10.0%
	7.5%	4.7%
	15.5%	12.2%

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