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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Clarks Grove, MN Housing Affordability Index

Clarks Grove, Minnesota has an MBR Housing Affordability Index score of 181.3 (Highly Affordable) as of October 30, 2026, ranking 132nd most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $123,400 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $675, or 11% of the city’s $73,750 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Clarks Grove is updated every night from live Minnesota mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Clarks Grove MBR-HAI 181.3 Highly Affordable
Rank in Minnesota 132 of 809 1 = most affordable
Minnesota 97.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% Minnesota lenders
Median home value $123,400 U.S. Census Bureau

Clarks Grove is 83.8 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Clarks Grove Mortgage Rates

What It Takes to Buy in Clarks Grove

$675/mo
Principal & Interest
Median home, 20% down, 7.27%
$28,900
Income Needed
To keep the payment at 28% of income
$73,750
Median Household Income
Minnesota: $89,062
1.7x
Price-to-Income Ratio
Minnesota: 3.7x
$819/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,214/yr
Median Property Tax
1.79% of median value
8.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
22.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Clarks Grove, Minnesota. The rate is the Minnesota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Clarks Grove Ranks in Minnesota

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Cite the Clarks Grove Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Clarks Grove, Minnesota score: 181.3 (Highly Affordable), ranked 132 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/clarks-grove”