Real Estate Investing in Clearwater, Minnesota (55320)
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Should you buy in 55320 (Clearwater, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.4 — hard to cash-flow at these prices.
What’s happening in Clearwater, MN (55320)?
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Market Analysis: 55320 Clearwater
The 55320 ZIP in Clearwater, MN is a local-operator market. Outside capital chasing a $375K entry has to pair deep knowledge with the discount.
The 55320 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within MN, ZIP 55320 trails on several market indicators that neighboring Stearns submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 55320 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 55320 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Clearwater:
Property Strategy for 55320
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,465 | $1,520 | 3.7% | +6.2% | $148,733 |
| 3BR | $359,505 | $2,020 | 4.0% | +6.3% | $119,835 |
| 4BR | $426,854 | $2,270 | 3.8% | +7.4% | $106,713 |
| 5BR | $633,255 | — | — | +6.8% | $126,651 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 55320 Compare?
| Metric | 55320 | Clearwater | Minnesota |
|---|---|---|---|
| Home Value | $374,623 | $374,623 | $340,597 |
| 5-Year CAGR | 4.1% | 4.1% | 4.9% |
| Avg Rent | $1,100 | $1,100 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55320 (Clearwater, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $374,623 |
| Monthly Rent | $1,100 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55320
Population: 5,676
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Investor Insight: With 2,927 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Clearwater, MN?
Expect rents around $1,100/mo per month in Clearwater, MN. With home values at $375K, the yield math works out to reasonable levels for rental investors.
What is the smart move for investors in Clearwater, MN?
The best-fit strategy in Clearwater, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What does house hacking look like in Clearwater, MN?
Clearwater, MN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,100/mo rent level.
How do landlord-tenant laws work in Clearwater, MN?
Rental owners in Clearwater, MN deal with a balanced legal framework. Most standard eviction processes run on reasonable timelines.
Where do home prices stand in Clearwater, MN?
In Clearwater, MN the median home value sits at $375K. Against the broader MN market, that reads as reasonable for most investors.
You know 55320 now. You don’t know where it ranks.
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