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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Clearlake, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clearlake, CA Housing Market Trends

With 16,693 people, 5,847 houses or apartments, and a median cost of homes of $241,966, Clearlake real estate values are some of the lowest in California, although compared to real estate around the nation, Clearlake homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Clearlake, accounting for 62.42% of the city's housing units. Other types of housing that are prevalent in Clearlake include mobile homes or trailers ( 24.59%), large apartment complexes or high rise apartments ( 8.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.47%).

People in Clearlake primarily live in small (one, two or no bedroom) single-family detached homes. Clearlake has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Clearlake built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Clearlake built between 1940-1969 ( 33.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.49%). There's also some housing in Clearlake built before 1939 ( 3.29%).

Vacant housing appears to be an issue in Clearlake. Fully 23.73% of the housing stock is classified as vacant. Left unchecked, vacant Clearlake homes and apartments can be a drag on the real estate market, holding Clearlake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Clearlake Home Appreciation Rates

In the last 10 years, Clearlake has experienced some of the highest home appreciation rates of any community in the nation. Clearlake real estate appreciated 128.86% over the last ten years, which is an average annual home appreciation rate of 8.63%, putting Clearlake in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Clearlake definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Clearlake appreciation rates have trailed the rest of the nation. In the last twelve months, Clearlake's appreciation rate has been -0.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clearlake were at 2.50%, which equates to an annual appreciation rate of 10.36%.

Importantly, this makes Clearlake one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Clearlake's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clearlake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clearlake - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clearlake real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$241,966

Clearlake, CA Home Prices
> $1,249,000
$937,001 - $1,249,000
$625,001 - $937,000
$499,001 - $625,000
$375,001 - $499,000
$250,001 - $375,000
$125,001 - $250,000
$62,001 - $125,000
$0 - $62,000
1.1%
1.1%
0.1%
0.1%
1.2%
1.2%
2.7%
2.7%
11.2%
11.2%
26.3%
26.3%
34.2%
34.2%
12.1%
12.1%
10.9%
10.9%
0% 100.0%
% of Homes
Very Low

for California

Average

for nation

Number of Homes And Apartments:

5,847

Clearlake Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,370 / per month

Homeownership Rate

Owners
Renters
58.7%
58.7%
41.3%
41.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
23.7%
23.7%
76.3%
76.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
16.5%
16.5%
46.3%
46.3%
34.0%
34.0%
3.3%
3.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.4%
62.4%
1.2%
1.2%
3.5%
3.5%
8.2%
8.2%
24.6%
24.6%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.8%
3.8%
11.2%
11.2%
41.1%
41.1%
36.2%
36.2%
6.0%
6.0%
1.9%
1.9%
0% 100.0%
% of Homes