Median home value in zip code 56016 (Clarks Grove, MN) is $216,570, up 5.5% year over year. Part of the Albert Lea, MN metropolitan area.

Home Value$216,570

YoY Change

+5.5%

Prices rising — worse for buyers.

Affordability

Enter your income for 56016 (Clarks Grove).

Income (annual)

Down Payment

$43,314 on $216,570

Example: $75,000 household income. Change it above to see your own.

Affordable23.2% of income

Under the 28% guideline.

PITI$1,447

P/I23.2%

Afford$262K

Room+$45K

P&I $1,095Tax $202Ins $150

6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

56016 is part of the Albert Lea, MN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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