The story of this market
The typical home in ZIP 55320 sells for about $497,900, or $185 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,163 a month.
ZIP 55320 — Clearwater
The 55320 housing market remains stable with moderate buyer interest and limited inventory. Prices have seen modest year-over-year growth, driven by the area's appeal as an affordable commuter location. Some figures, such as specific days on market and price cut percentages, are estimated based on regional trends as exact ZIP-level data is not fully published.
This ZIP is ideal for families and commuters seeking a quieter, small-town lifestyle with relatively affordable housing compared to the inner Twin Cities suburbs.
Median prices moved up 2.1% year over year.
Homes spend a median of 68 days on market with 3.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 6.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55320
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Clearwater are generally low, consistent with small-town Minnesota trends and significantly lower than the national average.
The area is served by the Monticello and Clearwater school systems, which are generally regarded as providing stable, quality public education.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risks primarily localized near the Mississippi River.
Clearwater benefits from its proximity to the I-94 corridor, facilitating growth as a bedroom community for the St. Cloud and Twin Cities employment hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute via I-94, with drive times to St. Cloud approximately 20 minutes and to the Twin Cities metro area approximately 45-50 minutes.
The area features access to the Mississippi River for boating and fishing, several local parks, and proximity to regional golf courses and trails.
The rental market is limited in depth, primarily consisting of single-family homes and small multi-family units with low vacancy pressure.
The local economy is anchored by small businesses, retail, and service industries, with many residents employed in the nearby St. Cloud manufacturing and healthcare sectors.
Transportation is heavily reliant on personal vehicles due to the lack of public transit infrastructure in this rural-suburban transition zone.
Development is focused on low-density residential expansion and small-scale commercial growth along the highway interchange.
The Wright and Stearns County assessors manage property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to school district levies and local municipal utility assessments.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in Central Minnesota.
Minnesota has seen modest net domestic migration, with growth concentrated in suburban and exurban areas like Wright County.
Minnesota is a judicial foreclosure state, requiring court action to initiate the process, which typically includes a statutory redemption period.
Sellers are required to provide a written disclosure statement regarding the condition of the property, including known material defects.
Data retrieved from data.census.gov ZCTA 55320 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Popular for fishing and recreational boating.
Provides trails and river access for local residents.
Key-figure check: median price diverges 35.7% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $320,000 (-35.7% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.