56016
Clarks Grove, Minnesota.
Clarks Grove, Freeborn County, MN · Albert Lea, MN metro · population 989
to buy the typical home at today's mortgage rate — +$653 (+125%) since Jan 2020.
- 1 year
- Up $8,944 +4%
- $214,844$223,789 since Sep 2025
- 5 years
- Up $43,752 +24%
- $180,037$223,789 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 56016$1,175
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in zip 56016 rose 4.2% over the past year — faster than the nation's +1.2%.
Zillow also publishes an index for the city itself: Clarks Grove, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 56016
Mid-tier homes, smoothed and seasonally adjusted.
- 56016$223,789
- Albert Lea$197,426
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 5.7 | 56035 | Geneva | 387 | — | $225,616 |
| 6.9 | 56045 | Hollandale | 922 | — | $196,172 |
| 7.2 | 56007 | Albert Lea | 21,377 | $1,043 | $182,428 |
| 7.3 | 56042 | Hartland | 751 | — | $255,107 |
| 8.2 | 56026 | Ellendale | 2,124 | — | $301,670 |
| 9.8 | 56043 | Hayward | 423 | — | $218,164 |
| 10.6 | 56032 | Freeborn | 407 | — | $140,979 |
| 12.3 | 56072 | New Richland | 2,228 | — | $273,303 |
| 12.7 | 56009 | Alden | 1,527 | — | $238,117 |
| 16.0 | 56036 | Glenville | 1,740 | — | $238,953 |
| 16.0 | 55917 | Blooming Prairie | 3,410 | — | $268,896 |
| 18.6 | 56097 | Wells | 3,487 | — | $185,145 |
| 18.7 | 55912 | Austin | 29,632 | $1,161 | $189,158 |
| 18.8 | 56029 | Emmons | 642 | — | $187,302 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.