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ZIP Code · MN

ZIP 55320

Pop. 5,998·Wright County·120th most expensive ZIP in Minnesota
Median rent (all units)
$1,100/mo
Year-over-Year
Stable
Month-over-Month
-27.6%
vs US Median
-$865
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55320 · $1,100
More affordable than 95% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,250
2 BR
$1,520
3 BR
$2,020
4 BR+
$2,270
Research median
$1,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$13,200/yr
At $1,100/mo median
Location
StateMN
CountyWright County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -27.6% MoM), not inventory.
Demographics

Who lives here

ZIP 55320 (Clearwater, MN) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 28.4% of residents hold a bachelor's degree or higher.

Population
5,998
Median income
$113,973
Median age
37.5
Renters
16.3%
Age distribution
26.8%
19%
23.1%
17%
14%
Under 1826.8%
18–3419%
35–5423.1%
55–6417%
65+14%
Gender
51.4%
48.6%
Male51.4%
Female48.6%
Race & ethnicity
95.3%
White95.3%
Hispanic2.9%
Asian0.6%
Other1.2%
Education (25+)
30.8%
37.7%
28.4%
No HS diploma3%
HS diploma30.8%
Some college37.7%
Bachelor's+28.4%
Housing tenure
83.7%
16.3%
Owner83.7%
Renter16.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55320 in Clearwater, MN has changed in 5 years

Income
$90,550 → $113,973
up 25.9%
Population
5,258 → 5,998
up 14.1%
Renter share
14.5% → 16.3%
+1.8 pts
Bachelor's+
27.1% → 28.4%
+1.3 pts
Median age
40.8 → 37.5
-3.3 yrs

Local incomes tracked alongside that move, going from a median of $90,550 in 2021 to $113,973 more recently. Headcount in the area went from 5,258 to 5,998 between 2021 and 2024, a 14.1% change. About 16.3% of households rent today, against 14.5% in 2021.

Community

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Local insights

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About renting in ZIP 55320

Last updated: July 20, 2026

ZIP code 55320 covers Clearwater, MN. The median rent here is $1,100/mo as of July 2026. A 1-bedroom rents for a median of $1,250/mo. A 2-bedroom rents for a median of $1,520/mo.

At 12% of local median household income ($113,973/yr), ZIP 55320 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55320?

As of July 20, 2026, the median monthly rent in ZIP 55320 (Clearwater, MN) is $1,100. This is based on aggregated data from public sources and community submissions.

How does ZIP 55320 rent compare to the US average?

ZIP 55320's median rent of $1,100/mo is $865 (44%) below the US national median of $1,965/mo.

How does ZIP 55320 compare to other ZIPs in Minnesota?

ZIP 55320 is among the more affordable ZIP codes in Minnesota, ranking #120 out of 123 ZIPs at $1,100/mo.

How much income do you need to rent in ZIP 55320?

To keep rent at or below 30% of gross income, you would need to earn at least $44,000/year (~$21/hour full-time) to afford the median rent of $1,100/mo in ZIP 55320. The local median household income is $113,973/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55320?

Rent in ZIP 55320 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 55320 an affordable place to rent?

ZIP 55320 is considered very affordable for renters. At $1,100/mo, rent takes approximately 12% of the local median household income ($113,973/yr). The standard benchmark is 30%. ZIP 55320 falls comfortably within that range.

What percentage of ZIP 55320 residents rent vs. own?

According to Census data, approximately 16.3% of ZIP 55320 households are renters, while 83.7% are owner-occupied. ZIP 55320 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 55320 last updated?

Rent data for ZIP 55320 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
12%
VERY AFFORDABLE

At $1,100/mo, rent takes ~12% of ZIP 55320's median household income ($113,973/yr). The standard benchmark is 30%.

ZIP 55320 12%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55320 (Clearwater, MN)

Recent submissions

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