Clarklake, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Clarklake, 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

Clarklake Housing Market Information

With 5,867 people, 1,143 houses or apartments, and a median cost of homes of $178,480, Clarklake real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Clarklake, accounting for 95.67% of the town's housing units. Other types of housing that are prevalent in Clarklake include mobile homes or trailers ( 2.20%), row houses and other attached homes ( 1.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clarklake. Owner-occupied housing accounts for 89.91% of Clarklake's homes, and 67.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Clarklake 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 Clarklake built between 1940-1969 ( 29.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.32%). There's also some housing in Clarklake built before 1939 ( 8.77%).

Vacant housing appears to be an issue in Clarklake. Fully 21.94% of the housing stock is classified as vacant. Left unchecked, vacant Clarklake homes and apartments can be a drag on the real estate market, holding Clarklake 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.

Clarklake Home Appreciation Rates

Clarklake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clarklake during the period has been just -1.26%, which is lower than 70% of US communities.

Over the last year, Clarklake appreciation rates have trailed the rest of the nation. In the last twelve months, Clarklake's appreciation rate has been 2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clarklake were at 0.82%, which equates to an annual appreciation rate of 3.31%.

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

Average Home Values

 

Median Home Value:
$178,480

Clarklake, MI HOME PRICES

Value Range
> $1,141,000 0.4
$856,001 - $1,141,000 1.1
$571,001 - $856,000 3.6
$456,001 - $571,000 2.8
$342,001 - $456,000 10.1
$228,001 - $342,000 22.8
$114,001 - $228,000 35.7
$57,001 - $114,000 16.6
$0 - $57,000 7.0

High for MI
High for Nation

Value Relative to Nation Value Relative to State
38.6675260752373 22.9166666666667

Number Of Homes And Apartments:
1,143

Clarklake 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
8.71% 0.49% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$994 / per month

Homeownership Rate

Homeownership
Owners 89.91
Renters 10.09
Vacant 21.94

Housing Market Details

 

Age of Homes

AGE OF Clarklake HOMES
2000 or Newer 17.3
1970 - 1999 44.8
1940 - 1969 29.1
1939 or Older 8.8

Types of Homes

TYPE OF Clarklake HOMES
Single-Family 95.7
Townhomes 1.5
Small Apt. Buildings 0.2
Apt. Complexes 0.5
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Clarklake HOMES
No Bedroom 0.00
1 Bedroom 1.48
2 Bedrooms 25.47
3 Bedrooms 51.05
4 Bedrooms 16.88
5 or more bedrooms 5.12

Popular Neighborhoods in Clarklake

Zip Codes in Clarklake, MI