Minnesota

Clearwater County

ZIP 56634

8,579 residents8 permits TTM$64,934 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$177,100

ACS 5-Year

Cap rate proxy

5.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.7%

HUD FMR ÷ ACS HHI

Net migration

+0.87%

IRS SOI

Permits (TTM)

8

Census BPS

Climate risk

4.2

FEMA NRI (0–100)

ZIP 56634

Median home value

$254,385

Gross yield

4.6%

Cap rate

3.5%

Rent gap

23.9%

Affordability

P/I: 3.9R/I:

Section 8 detail

SAFMR: $973Rent: $740Gap: 31.5%
ZIP code breakdown6 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
56621$233,661$9735.0%3.8%23.9%
56634$254,385$9734.6%3.5%23.9%
56644$177,100county est.$9736.6%5.0%23.9%
56652$177,100county est.$9736.6%5.0%23.9%
56671$177,100county est.$9736.6%5.0%23.9%

Ranked by composite score

ZIP comparison table. Showing 5 of 6 ZIPs. Sign up to see all.

Demographics

Owner-occupied

81.1%

Census ACS

Vacancy rate

27.1%

Census ACS

Bachelor's degree +

18.3%

Census ACS

Rent burdened

32.8%

Census ACS (>30% income)

Median age

41.8

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026