Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$159,525+8.8% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$34,582About 0.7× the local median income ($48,238): affordable for a typical household
Days on market71 daysFaster than a year ago: sellers have the edge
The typical home in Clare County, MI is worth $159,525, up 8.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $124,656, so the area is 28.0% overvalued. It is a balanced market: homes take about 71 days to sell, listings are up 5% from a year ago, 26% of listings have had a price cut. A household needs about $34,582 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $48,238. In the latest IRS figures, 279 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$159,525
Change in 1 year
+8.8%
Overvalued %
+28.0%
Show 6 more
Fair home value
$124,656
Change in 5 years
+23.5%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$865
Income needed to afford it
$34,582
Property tax rate
1.11%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,042
Market activity
Listings vs a year ago
+4.6%
Days on market
71
Listings with a price cut
25.5%
Show 3 more
Homes for sale
182
Pending sales per 100 listings
26
Asking price per sq ft
$156
People and jobs
Median household income
$48,238
Population change (1 year)
+0.4%
Unemployment rate
9.5%
Show 4 more
Population
31,543
Income adjusted for cost of living
$54,200
Net moves in (IRS)
+279
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
4.0
FEMA hazard risk score (0 to 100)
47.5
Flood risk score
50.1
Show 3 more
Wildfire risk score
42.7
Walkability (1 to 20)
5.3
Road, rail and air noise
54 dB
Questions people ask
Is Clare County, MI overvalued?
Home prices in Clare County, MI are well above what local incomes have historically supported: fair value is about $124,656, so the area is 28.0% overvalued.
Is Clare County, MI a buyer's or seller's market?
Clare County, MI is a balanced market: homes take about 71 days to sell, listings are up 5% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Clare County, MI?
Home values in Clare County, MI are up 8.8% over the last year.
How much do you need to earn to buy a home in Clare County, MI?
A household needs about $34,582 a year to afford the typical home in Clare County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $48,238.