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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.



Clarklake, MI 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 Q1 2024. 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

Clarklake, MI Housing Market Trends

With 5,827 people, 2,342 houses or apartments, and a median cost of homes of $272,083, Clarklake real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Clarklake, accounting for 97.26% of the town's housing units. Other types of housing that are prevalent in Clarklake include row houses and other attached homes ( 1.45%).

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 92.31% of Clarklake's homes, and 69.34% 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 ( 27.56%). A lesser amount of the housing stock also hails from before 1939 ( 17.84%). There's also some housing in Clarklake built between 2000 and later ( 13.61%).

Vacant housing appears to be an issue in Clarklake. Fully 14.60% 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

Appreciation rates for homes in Clarklake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.74%, which ranks in the top 50% nationwide. This equates to an annual average Clarklake house appreciation rate of 6.56%.

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 3.17%, 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 -1.20%, which equates to an annual appreciation rate of -4.71%.

Notably, Clarklake's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

Median Home Value

$272,083

Clarklake, MI Home Prices
> $1,234,000
$926,001 - $1,234,000
$617,001 - $926,000
$494,001 - $617,000
$370,001 - $494,000
$247,001 - $370,000
$123,001 - $247,000
$62,001 - $123,000
$0 - $62,000
1.7%
1.7%
5.2%
5.2%
9.5%
9.5%
11.3%
11.3%
9.7%
9.7%
29.5%
29.5%
29.3%
29.3%
1.7%
1.7%
2.2%
2.2%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

2,342

Clarklake Appreciation Rates

Rent & Ownership

Average Market Rent:

$889 / per month

Homeownership Rate

Owners
Renters
92.3%
92.3%
7.7%
7.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.6%
14.6%
85.4%
85.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.6%
13.6%
41.0%
41.0%
27.6%
27.6%
17.8%
17.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
97.3%
97.3%
1.5%
1.5%
0.8%
0.8%
0.0%
0.0%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
3.7%
3.7%
18.8%
18.8%
46.1%
46.1%
23.2%
23.2%
7.5%
7.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Clarklake

Zip Codes in Clarklake, MI