The housing market in Clare, MI is considerably more affordable than the US average. The median value of a house in Clare, MI stands at $158,500 which is approximately 46% less than the national median value of $338,100. Despite this lower cost of entry into the market, the one-year appreciation rate in Clare was 9.86%, higher than the national rate of 8.27%. This would seem to suggest that there may be good potential for return on investments in real estate within this community.
The median home cost in Clare is $158,500. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Clare is up 15.7%.
Average Age of Homes
- The median age of Clare real estate is 50 years old
The Rental Market in Clare
- Renters make up 46.3% of the Clare population
- 9.5% of houses and apartments in Clare, 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.