Clare, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clare Neighborhoods Since 2000




Clare, MI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Clare Housing Market Information

With 3,082 people, 1,417 houses or apartments, and a median cost of homes of $89,103, house prices in Clare are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Clare, accounting for 57.91% of the city's housing units. Other types of housing that are prevalent in Clare include large apartment complexes or high rise apartments ( 22.98%), mobile homes or trailers ( 8.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.60%).

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

There is a lot of housing in Clare 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 Clare built between 1940-1969 ( 30.40%). A lesser amount of the housing stock also hails from before 1939 ( 20.42%). There's also some housing in Clare built between 2000 and later ( 10.24%).

Clare Home Appreciation Rates

Homes have actually lost value in Clare over the last then years, as home values have seen a decline of 20.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Clare home appreciation rates at 0.00%, which equates to an annual appreciation rate of 0.00%.

Over the last year, Clare appreciation rates have trailed the rest of the nation. In the last twelve months, Clare's appreciation rate has been -2.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clare were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Clare's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$89,103

Clare, MI HOME PRICES

Value Range
> $1,041,000 0.0
$781,001 - $1,041,000 0.0
$521,001 - $781,000 0.0
$417,001 - $521,000 0.7
$312,001 - $417,000 0.6
$208,001 - $312,000 2.7
$104,001 - $208,000 36.7
$52,001 - $104,000 42.6
$0 - $52,000 16.6

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
84.6068205789289 84.9358974358974

Number Of Homes And Apartments:
1,417

Clare Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-0.55% -0.03% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$661 / per month

Homeownership Rate

Homeownership
Owners 55.61
Renters 44.39
Vacant 6.96

Housing Market Details

 

Age of Homes

AGE OF Clare HOMES
2000 or Newer 10.2
1970 - 1999 38.9
1940 - 1969 30.4
1939 or Older 20.4

Types of Homes

TYPE OF Clare HOMES
Single-Family 57.9
Townhomes 1.6
Small Apt. Buildings 8.6
Apt. Complexes 23.0
Mobile Homes 8.9
Other 0.0

Home Size

SIZE OF Clare HOMES
No Bedroom 2.17
1 Bedroom 19.50
2 Bedrooms 30.14
3 Bedrooms 34.93
4 Bedrooms 10.64
5 or more bedrooms 2.63

Popular Neighborhoods in Clare

Zip Codes in Clare, MI