Renter percentages in Clarks Grove have fluctuated inversely to homeownership rates. In 2013, the renter-occupied percentage was 15%, which decreased to 8% by 2021, before rising again to 14% in 2022. Average rent prices have shown volatility during this period. In 2013, the average rent was $726, which decreased to $522 in 2019, before rising again to $805 in 2022. These fluctuations in rent prices and renter percentages might be influenced by the city's changing population, which decreased from 1,340 in 2010 to 1,127 in 2022.

In 2023, the average home price in Clarks Grove reached $203,450, with federal interest rates at 5.02%. Moving into 2024, the average home price has further increased to $205,930, while interest rates have risen to 5.33%. This continued upward trend in both home prices and interest rates suggests a resilient housing market in the face of higher borrowing costs.

Looking ahead, predictive models suggest that average home prices in Clarks Grove may continue to rise over the next five years, potentially reaching around $230,000 by 2029. Average rent prices are also expected to increase, possibly surpassing $900 per month within the same timeframe. However, these projections are subject to various economic factors and local market conditions.

In summary, Clarks Grove has experienced a notable increase in homeownership rates and average home prices over the past decade, despite some fluctuations in its population. The rental market has shown more volatility, with recent trends indicating a potential rebound in both renter percentages and average rent prices. The city's housing market appears to be on an upward trajectory, with continued growth expected in both the ownership and rental sectors.