How much do homeowners pay a month in Clara City, MN?
Homeowners with a mortgage in Clara City, MN pay a median of $1,290 (±$178) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $614 (±$59).
66.0% of owned homes carry a mortgage.
In Clara City, the median monthly cost with a mortgage went from $980 in 2015–2019 to $1,290 in 2020–2024 (+31.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,290 (±$178)
- Without a mortgage
- $614 (±$59)
- Owned with a mortgage
- 66.0%
Monthly owner costs in Clara City
| Clara City | Chippewa County | Minnesota | United States | |
|---|---|---|---|---|
| With a mortgage | $1,290 (±$178) | $1,506 (±$124) | $1,947 (±$7) | $1,963 |
| Without a mortgage | $614 (±$59) | $563 (±$37) | $698 (±$3) | $638 |
| Owned homes with a mortgage | 66.0% (±8.9 points) | 59.2% (±4.0 points) | 64.0% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $1,972 (±$321) | $1,711 (±$117) | $3,357 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Clara City, the median cost with a mortgage is not measurably different from Chippewa County ($1,506).
It is also lower than in Minnesota ($1,947).
It is lower than the national figure ($1,963).
In Chippewa County, Clara City ranks 17 of 21 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 2081 of 2,496.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Clara City have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $980 (±$119) | $1,290 (±$178) | +31.6% | No measurable change after inflation |
| Median real estate taxes | $1,682 (±$285) | $1,972 (±$321) | +17.2% | No measurable change after inflation |
| Median home value | $117,500 (±$17,204) | $114,300 (±$21,620) | −2.7% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Clara City
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Clara City | — | $1,290 (±$178) | — |
| Rheiderland Township | 3.9 mi | $1,797 (±$240) | Higher |
| Stoneham Township | 4.4 mi | $1,875 (±$1,061) | Not measurably different |
| Crate Township | 4.9 mi | $1,563 (±$275) | Not measurably different |
| Lone Tree Township | 5.5 mi | $2,357 (±$390) | Higher |
| Maynard | 6.1 mi | $950 (±$223) | Lower |
| Raymond | 7.7 mi | $1,382 (±$228) | Not measurably different |
| Wang Township | 8.1 mi | $1,850 (±$242) | Higher |
| Ericson Township | 8.3 mi | $1,500 (±$212) | Not measurably different |
Nearby places with a measurably lower figure: Maynard, MN ($950).
Nearby places with a measurably higher figure: Rheiderland Township, MN ($1,797), Lone Tree Township, MN ($2,357), Wang Township, MN ($1,850).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Chippewa County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 11 | Granite Falls Township | $1,625 (±$93) |
| 12 (tie) | Big Bend Township | $1,563 (±$549) |
| 12 (tie) | Crate Township | $1,563 (±$275) |
| 14 | Grace Township | $1,500 (±$591) |
| 15 | Havelock Township | $1,417 (±$351) |
| 16 | Montevideo | $1,363 (±$290) |
| 17 | Clara City | $1,290 (±$178) |
| 18 | Kragero Township | $1,239 (±$679) |
| 19 | Milan | $1,042 (±$316) |
| 20 | Watson | $1,013 (±$235) |
| 21 | Maynard | $950 (±$223) |
Showing 11 of 21 places in Chippewa County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Clara City
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Clara City beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Clara City, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Clara City, and send estimates and invoices from your phone.
Questions about Clara City
What is the average mortgage payment in Clara City?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Clara City, MN is $1,290 (±$178) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Clara City?
Owners without a mortgage in Clara City pay a median of $614 (±$59) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Clara City gone up?
In Clara City, the median monthly cost with a mortgage went from $980 in 2015–2019 to $1,290 in 2020–2024 (+31.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Clara City city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Clara City city, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Clara City city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Clara City city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Clara City city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Clara City city, Minnesota (place:11548, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Clara City at a glance
- Median rent in Clara City
- Rent burden in Clara City
- Renters and owners in Clara City
- Income and affordability in Clara City
- Home values in Clara City
- Property taxes in Clara City
- Types of homes in Clara City
- Bedrooms in Clara City
- Age of homes in Clara City
- Heating fuel in Clara City
- Commute and cars in Clara City
- Population growth in Clara City
- How long people stay in Clara City
- Minnesota landlord and tenant rules
- Housing across Chippewa County
- Housing data for every place in Minnesota