Real Estate Investing in Clearwater, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 5,676 • Stearns

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Should you buy in Clearwater, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (67/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Clearwater, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.1% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $374,623
Avg Monthly Rent $1,100
ZIP Codes 1

Investing in Clearwater Real Estate

This is a distressed-leaning corner of Minnesota: Clearwater has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Clearwater is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.

Rents in Clearwater at $1,100/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Clearwater's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$374,623
Avg Monthly Rent
$1,100
1% Rule
✗ Below
Landlord Friendly (MN)

ZIP Codes in Clearwater, MN

Screen every ZIP in Clearwater

Filter Clearwater’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Clearwater, MN

Does house hacking make sense in Clearwater, MN?

House hacking in Clearwater, MN is reasonable to execute. Prices around $375K and rents of $1,100/mo solid owner-occupant economics.

How do landlord-tenant laws work in Clearwater, MN?

MN law balanced for landlords, and Clearwater inherits those rules. Investors should still review local ordinances for rental licensing.

What is the tenant pool like in Clearwater, MN?

Expect a solid tenant pool in Clearwater, MN. The rental market absorbs $1,100/mo rents without meaningful friction.

Is Clearwater, MN a good market for buy-and-hold investors?

Our data puts Clearwater, MN at 3.0/5 for investability. Home prices of $375K and rents around $1,100/mo create a solid backdrop for investor activity.

Is housing expensive in Clearwater, MN?

Clearwater, MN median home values land near $375K. That is reasonable territory for investors looking at $1,100/mo-per-month rentals.

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