Bill Hill
Clear Lake Real Estate
Bill Hill provides straight-talk guidance for the Clear Lake, Minnesota real estate market. Buyers and sellers get clear facts without the sales pressure.
Clear Lake offers a distinct market where single-family detached homes are the standard. According to the U.S. Census Bureau, American Community Survey (2020–2024), 84% of homes in Clear Lake are single-family detached properties. This consistency makes it a prime location for those seeking traditional residential options. The median year homes were built is 1996, reflecting a blend of established neighborhoods and more recent builds.
Selling in Clear Lake involves navigating a steady landscape. In Sherburne County, home prices saw a 1-year change of +2.1% according to the Federal Housing Finance Agency House Price Index (2024 to 2025). Bill Hill focuses on seller representation and new construction, ensuring clients have the technical data needed to make an informed decision.
Bill Hill operates with a no-nonsense approach. Houses sell themselves. The role of the agent is to guide the process once the right property is identified. Whether looking at waterfront options or first-time purchases, the focus remains on the facts rather than a sales pitch.
By the numbers
Clear Lake, MN at a glance
| Population2020–2024 ACS 5-year estimates | 579 |
|---|---|
| Housing units2020–2024 ACS 5-year estimates | 199 |
| Median home value (owner-occupied)2020–2024 ACS 5-year estimates | $281,300 |
| Median monthly rent2020–2024 ACS 5-year estimates | $919 |
| Median annual property tax paid2020–2024 ACS 5-year estimates | $2,935 |
| Homes that are owner-occupied2020–2024 ACS 5-year estimates | 84% |
| Homes that are single-family detached2020–2024 ACS 5-year estimates | 84% |
| Median year homes were built2020–2024 ACS 5-year estimates | 1996 |
| Commutes under 30 minutes2020–2024 ACS 5-year estimates | 56% |
| Home price change, 1 year (Sherburne County)2024 to 2025 | +2.1% |
| Home price change, 5 years (Sherburne County)2020 to 2025 | +41.5% |
| Average 30-year fixed mortgage rate (U.S.)week of 2026-09-24 | 7.03% |
| Average 30-year fixed mortgage rate a year earlier (U.S.)week of 2025-09-18 | 6.26% |
Sources: U.S. Census Bureau, American Community Survey; Federal Housing Finance Agency House Price Index; Freddie Mac Primary Mortgage Market Survey. Published estimates for the area as a whole, not a valuation of any property.
FAQ
Frequently asked questions
What is the median home value in Clear Lake, Minnesota?↓
The median home value for owner-occupied units in Clear Lake is $281,300, according to the U.S. Census Bureau, American Community Survey (2020–2024). This figure provides a baseline for buyers evaluating the local market. Bill Hill uses these data points to help clients determine if a specific property aligns with current market standards.
What percentage of homes in Clear Lake are owner-occupied?↓
Data from the U.S. Census Bureau, American Community Survey (2020–2024) shows that 84% of homes in Clear Lake are owner-occupied. This high rate of ownership is a defining characteristic of the local housing stock. It indicates a market primarily composed of long-term residents rather than short-term rentals.
What is the typical property tax in Clear Lake?↓
Homeowners in Clear Lake pay a median annual property tax of $2,935, based on the U.S. Census Bureau, American Community Survey (2020–2024). Understanding these carry costs is vital for first-time buyers and those looking to downsize. Bill Hill provides these figures upfront to ensure there are no surprises during the closing process.
How have home prices changed recently in the Clear Lake area?↓
In Sherburne County, which includes Clear Lake, home prices have seen a 5-year change of +41.5% according to the Federal Housing Finance Agency House Price Index (2020 to 2025). This long-term growth highlights the shifting value of real estate in the region. Bill Hill monitors these trends to give sellers an accurate view of their property's position.
What are the current mortgage rates for a home in Clear Lake?↓
The average 30-year fixed mortgage rate in the U.S. is 7.03% as of the week of 2026-09-24, according to the Freddie Mac Primary Mortgage Market Survey. A year earlier, the rate was 6.26%. These fluctuations impact monthly payments and overall affordability for anyone moving to Clear Lake.