The typical owner-occupied home in Clements is worth about $63,100, 81% below the Minnesota median of $329,300 and 81% below the national median of $332,700. Owners pay a median $689 a year in property taxes, about 1.09% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $54,375 a year, so the median home costs 1.2 times the median income (3.7 times for Minnesota). 95% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Clements at a glance
| Clements | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $63,100 | $329,300 | $332,700 |
| Median property tax paid per year | $689 | $3,357 | $3,119 |
| Property tax as a share of value | 1.09% | 1.02% | 0.94% |
| Median household income | $54,375 | $89,062 | $80,734 |
| Homes lived in by their owners | 95% | 72% | 65% |
| Owner homes with a mortgage | 30% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $867 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Median year homes were built | 1957 | 1979 | 1980 |
| Vacant homes | 20.0% | 9.3% | 10.1% |
| Population | 109 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Clements
At this week's average 30-year rate of 7.11%, buying the median Clements home of $63,100 with 20% down costs about $423 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $528, 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 $18,137 for the 20%-down payment. That payment is 9% of the median Clements household income of $54,375; at that income and 20% down, the 28% guideline points to a home of about $189,000.
| Down payment | $12,620 |
|---|---|
| Loan amount | $50,480 |
| Principal and interest | $340 |
| Property taxes (1.09% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $423 |
Change the numbers in the calculator
| Down payment | $2,208 |
|---|---|
| Loan amount | $61,957 |
| Principal and interest | $417 |
| Property taxes (1.09% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $528 |
Change the numbers in the calculator
Questions about home buying in Clements
What is the median home value in Clements?
About $63,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clements?
Homeowners pay a median $689 a year, which is about 1.09% 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 Clements?
For the median home with 20% down at 7.11%, the payment is about $423 a month. Keeping that under 28% of gross income takes about $18,137 a year.
More about Clements
- Mortgage Refinance in Clements
- Debt Relief in Clements
- Home Equity Loans in Clements
- 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