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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.



Clearfield, PA 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

Clearfield, PA Housing Market Trends

With 5,868 people, 2,638 houses or apartments, and a median cost of homes of $109,013, house prices in Clearfield are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Clearfield, accounting for 53.52% of the borough's housing units. Other types of housing that are prevalent in Clearfield include duplexes, homes converted to apartments or other small apartment buildings ( 25.66%), large apartment complexes or high rise apartments ( 11.97%), and a few mobile homes or trailers ( 5.78%).

The most prevalent building size and type in Clearfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 51.53% owning and 48.47% renting.

The housing in Clearfield was primarily built before 1939 ( 41.65%), making the housing stock in Clearfield some of the oldest overall in America, although there is a range of ages of homes in Clearfield. The next most important housing age is between 1940-1969 ( 36.04%), followed by between 1970-1999 ( 18.90%). There's also some housing in Clearfield built between 2000 and later ( 3.41%).

Vacant housing appears to be an issue in Clearfield. Fully 10.82% of the housing stock is classified as vacant. Left unchecked, vacant Clearfield homes and apartments can be a drag on the real estate market, holding Clearfield 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.

Clearfield Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Clearfield, where house values have increased just 41.39%, which is annualized rate of 3.52%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Clearfield appreciation rates have trailed the rest of the nation. In the last twelve months, Clearfield's appreciation rate has been 4.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clearfield were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Pennsylvania, our data show that Clearfield's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$109,013

Clearfield, PA Home Prices
> $1,202,000
$902,001 - $1,202,000
$601,001 - $902,000
$481,001 - $601,000
$361,001 - $481,000
$240,001 - $361,000
$120,001 - $240,000
$60,001 - $120,000
$0 - $60,000
0.6%
0.6%
0.0%
0.0%
0.3%
0.3%
4.6%
4.6%
1.0%
1.0%
7.0%
7.0%
32.2%
32.2%
43.9%
43.9%
10.4%
10.4%
0% 100.0%
% of Homes
Very Low

for Pennsylvania

Very Low

for nation

Number of Homes And Apartments:

2,638

Clearfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$905 / per month

Homeownership Rate

Owners
Renters
51.5%
51.5%
48.5%
48.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.8%
10.8%
89.2%
89.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.4%
3.4%
18.9%
18.9%
36.0%
36.0%
41.6%
41.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.5%
53.5%
3.1%
3.1%
25.7%
25.7%
12.0%
12.0%
5.8%
5.8%
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
3.2%
3.2%
19.6%
19.6%
22.5%
22.5%
38.0%
38.0%
12.3%
12.3%
4.4%
4.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Clearfield

Zip Codes in Clearfield, PA