Housing in Clear Lake, IL is very affordable compared to the US median value. The median house value in Clear Lake, IL is only $88,300 which is significantly lower than the US median of $338,100. Additionally, housing appreciation in Clear Lake has been greater than the national average with a 1 year appreciation rate of 10.41%, compared to 8.27% nationally. This makes housing in Clear Lake an attractive option for many looking to buy or invest in real estate due to its lower cost and higher appreciation rates.
The median home cost in Clear Lake is $88,300. Home appreciation the last 10 years has been 37.2%. Home Appreciation in Clear Lake is up 13.5%.
Average Age of Homes
- The median age of Clear Lake real estate is 37 years old
The Rental Market in Clear Lake
- Renters make up 11.1% of the Clear Lake population
- 0.0% 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.