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Clarissa

Learn about the people, housing, costs and businesses in Clarissa, Minnesota

Median Home$144,100
Median Rent$829/month
Population640
Leading IndustriesConstruction · Agriculture & Mining · Retail18% construction
Home Value Growth⬆⬆+15.4% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$144k median home · lower cost than 77% of the country
Clarissa
MN

Frequently Asked Questions

What are today's mortgage rates in Clarissa?

As of today, the 30-year fixed mortgage rate for Clarissa is approximately 6.995% (7.038% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Clarissa?

The median home value in Clarissa is $144k. The median monthly rent is $829. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Clarissa?

Home values in Clarissa have increased 15.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Clarissa?

Based on a typical all-in ownership cost of $775/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarissa is $56k/year.

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What industries drive the economy in Clarissa?

The largest employment sectors in Clarissa are public administration (20%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.