The Most Affordable Neighborhoods in Clarkfield, MN by Home Value

These days, finding an affordable place to live in the Clarkfield area can be challenging. Home prices in Clarkfield are now at a median cost of $127,626, lower than the Minnesota average of $345,793.

The average cost of rent is $843/mo in Clarkfield, primarily driven by the current value of real estate in the Clarkfield area. In Clarkfield, 18.02% of households rent, and 44.21% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Clarkfield is $5,882 per month. Households that rent pay about 14.33% of their income on rent here. Clarkfield’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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