The housing market in Clear Lake, IA is thriving, with the median value of homes currently sitting at $272,800. This is significantly lower than the US House Median Value of $338,100, but it has seen a significant appreciation in the past year - 11.88%, compared to 8.27% nationally. This demonstrates that Clear Lake is a great place to invest in real estate and shows that housing demand in this area is strong.
The median home cost in Clear Lake is $272,800. Home appreciation the last 10 years has been 64.8%. Home Appreciation in Clear Lake is up 15.9%.
Average Age of Homes
- The median age of Clear Lake real estate is 50 years old
The Rental Market in Clear Lake
- Renters make up 18.9% of the Clear Lake population
- 1.1% of houses and apartments in Clear Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.