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Clarkfield

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

Median Home$123,900
Median Rent$845/month
Population838
Leading IndustriesTransportation · Retail4% transportation
Home Value Growth⬆⬆⬆+37.0% over 2 years
Family-Friendly28% of residentswell above average
Homeowners85% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
Clarkfield
MN

Frequently Asked Questions

What are today's mortgage rates in Clarkfield?

As of today, the 30-year fixed mortgage rate for Clarkfield is approximately 6.949% (6.987% 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 Clarkfield?

The median home value in Clarkfield is $124k. The median monthly rent is $845. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Clarkfield?

Home values in Clarkfield have increased 37.0% 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 Clarkfield?

Based on a typical all-in ownership cost of $926/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarkfield is $74k/year.

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What industries drive the economy in Clarkfield?

The largest employment sectors in Clarkfield are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.