The typical owner-occupied home in Clinton is worth about $70,000, 79% below the Minnesota median of $329,300 and 79% below the national median of $332,700. Owners pay a median $567 a year in property taxes, about 0.81% of their home's value, lower than the Minnesota rate of 1.02%. The median household earns $88,750 a year, so the median home costs 0.8 times the median income (3.7 times for Minnesota). 81% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Clinton at a glance
| Clinton | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $70,000 | $329,300 | $332,700 |
| Median property tax paid per year | $567 | $3,357 | $3,119 |
| Property tax as a share of value | 0.81% | 1.02% | 0.94% |
| Median household income | $88,750 | $89,062 | $80,734 |
| Homes lived in by their owners | 81% | 72% | 65% |
| Owner homes with a mortgage | 38% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $768 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 19.7% | 21.0% |
| Median rent | $625 | $1,280 | $1,413 |
| Rent as a share of renters' income | 51.0% | 29.2% | 30.6% |
| Median year homes were built | 1946 | 1979 | 1980 |
| Vacant homes | 37.0% | 9.3% | 10.1% |
| Population | 281 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Clinton
At this week's average 30-year rate of 7.11%, buying the median Clinton home of $70,000 with 20% down costs about $453 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $570, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $19,420 for the 20%-down payment. That payment is 6% of the median Clinton household income of $88,750; at that income and 20% down, the 28% guideline points to a home of about $320,000.
The median rent here is $625 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,000 |
|---|---|
| Loan amount | $56,000 |
| Principal and interest | $377 |
| Property taxes (0.81% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $453 |
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| Down payment | $2,450 |
|---|---|
| Loan amount | $68,732 |
| Principal and interest | $462 |
| Property taxes (0.81% a year) | $47 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $31 |
| Total per month | $570 |
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Questions about home buying in Clinton
What is the median home value in Clinton?
About $70,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clinton?
Homeowners pay a median $567 a year, which is about 0.81% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Clinton?
For the median home with 20% down at 7.11%, the payment is about $453 a month. Keeping that under 28% of gross income takes about $19,420 a year.
More about Clinton
- Mortgage Refinance in Clinton
- Debt Relief in Clinton
- Home Equity Loans in Clinton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data