Clearfield, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Clearfield Neighborhoods Since 2000




Clearfield, PA 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

Clearfield Housing Market Information

With 6,030 people, 2,920 houses or apartments, and a median cost of homes of $76,286, 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 56.68% 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 ( 21.14%), large apartment complexes or high rise apartments ( 17.90%), and a few mobile homes or trailers ( 2.42%).

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 54.37% owning and 45.63% renting.

The housing in Clearfield was primarily built before 1939 ( 53.87%), 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 ( 29.24%), followed by between 1970-1999 ( 15.51%). There's also some housing in Clearfield built between 2000 and later ( 1.38%).

Vacant housing appears to be an issue in Clearfield. Fully 10.68% 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

Appreciation rates for homes in Clearfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.21%, which ranks in the top 30% nationwide. This equates to an annual average Clearfield house appreciation rate of 1.16%.

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 1.47%, 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 -1.59%, which equates to an annual appreciation rate of -6.20%.

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

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:
$76,286

Clearfield, PA HOME PRICES

Value Range
> $1,018,000 0.0
$763,001 - $1,018,000 0.0
$509,001 - $763,000 0.0
$407,001 - $509,000 0.0
$306,001 - $407,000 0.4
$204,001 - $306,000 2.1
$102,001 - $204,000 23.2
$51,001 - $102,000 57.6
$0 - $51,000 16.8

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
92.564162662604 90.5314009661836

Number Of Homes And Apartments:
2,920

Clearfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
35.45% 1.77% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$733 / per month

Homeownership Rate

Homeownership
Owners 54.37
Renters 45.63
Vacant 10.68

Housing Market Details

 

Age of Homes

AGE OF Clearfield HOMES
2000 or Newer 1.4
1970 - 1999 15.5
1940 - 1969 29.2
1939 or Older 53.9

Types of Homes

TYPE OF Clearfield HOMES
Single-Family 56.7
Townhomes 1.9
Small Apt. Buildings 21.1
Apt. Complexes 17.9
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Clearfield HOMES
No Bedroom 2.39
1 Bedroom 23.80
2 Bedrooms 18.32
3 Bedrooms 37.81
4 Bedrooms 12.39
5 or more bedrooms 5.29

Popular Neighborhoods in Clearfield

Zip Codes in Clearfield, PA