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Clarks Grove

Learn about the people, housing, costs and businesses in Clarks Grove, Minnesota

Median Home$206,697
Median Rent$860/month
Population706
Leading IndustriesConstruction · Retail · Agriculture & Mining8% construction
Home Value Growth⬆⬆+19.2% over 2 years
Young Adults24% of residents
Homeowners86% of occupied units
NotableHigh Incomes$86k/year · top 29% nationally
Clarks Grove
MN

Frequently Asked Questions

What are today's mortgage rates in Clarks Grove?

As of today, the 30-year fixed mortgage rate for Clarks Grove is approximately 7.010% (7.053% 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 Clarks Grove?

The median home value in Clarks Grove is $207k. The median monthly rent is $860. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Clarks Grove?

Home values in Clarks Grove have increased 19.2% 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 Clarks Grove?

Based on a typical all-in ownership cost of $1,000/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Clarks Grove is $86k/year.

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What industries drive the economy in Clarks Grove?

The largest employment sectors in Clarks Grove are public administration (25%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.