ZIP Code · MN

ZIP 55320

Part of Clearwater, MN

Pop. 5,998·Wright County·118th most expensive ZIP in Minnesota

Median rent (all units)

$1,100/mo

Year-over-Year

Stable

Month-over-Month

-27.6%

vs US Median

-$832

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 55320 · $1,100

More affordable than 95% of US ZIP codes · National median $1,932/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

From the history

What the numbers show

What a typical income covers

30% of the median household income ($113,973) is $2,849 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,270).

From Zillow's monthly rent index (ZORI) for ZIP 55320. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,200/yr

At $1,100/mo median

Location

CityClearwater

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 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 (about $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, so the typical household meets that bar.