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Market MapMinnesotaClay

Clay County

MinnesotaPopulation: 65,307
56
/100
Hold
#640 of 1,000 counties
#80 in Minnesota (87 counties)

Market Snapshot

$292,368
Median Home Price
7% above national median
$999/mo
Median Rent
33% below national median
4.10%
Rent-to-Price Ratio
Top 94% nationally
-$883
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$292,368
Down Payment (20%)$58,474
Loan Amount$233,894
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$999
Monthly P&I-$1,533
Est. Expenses (35%)-$350
Net Cash Flow-$883/mo
2.7%
Cap Rate (all cash)
-15.8%
Cash-on-Cash Return
4.10%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.7% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
56/100
56
Cash Flow(30%)
32/100

Based on 4.10% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
80/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
72/100

Price-to-income ratio of 3.9x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.10%)
  • -Negative cash flow at typical financing (-$883/mo)
  • -Negative leverage (cap rate 2.7% < mortgage rate 6.9%)

Economic Indicators

Population
65,307
Median Income
$75,006
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.9x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
RamseyMN
58$326,548$1,5045.53%HoldView
DakotaMN
58$383,347$1,6645.21%HoldView
ScottMN
58$430,948$1,7904.98%HoldView
IsantiMN
57$329,762$1,3775.01%HoldView
CurrentClayMN
56$292,368$9994.10%Hold
CarverMN
54$470,978$1,9454.96%HoldView

The Bottom Line

HoldClay is a neutral market. Consider house hacking or targeting below-market deals.

Clay County in Minnesota scores 56/100, ranking #640 of 1,000 US counties (top 64%). The 4.10% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-883/mo
Cap Rate
2.7%
Cash-on-Cash
-15.8%

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