Clarence, NY—14031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clarence, NY
As of Oct '25, the median home price in Clarence, NY is $494,000, with a year-over-year change of 6.2%. This indicates that home prices in Clarence, NY are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $494,000 | 6.2% |
| Single Family | $493,000 | 6.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $284,000 | 3.3% |
3 Bed | $405,000 | 5.5% |
4 Bed | $600,000 | 6.2% |
| 5 Bed | $898,000 | 4.2% |
% of Housing Stock
Rental Trends — Clarence, NY
As of July '25, Rentcast reports the average rent in Clarence, NY is $2,360, with a year-over-year rent change of 37.2%. Per bedroom, the median rent as of July '25 in Clarence, NY is 2-bedrooms: $1,580, 3-bedrooms: $3,550. The most common rental property sizes in Clarence, NY are 1-bedroom and 2-bedroom, accounting for 51.5% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,580 |
| 3 Bed Rent | $2,500 | $3,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Clarence, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarence, NY is 59. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $756,000 | -10.0% |
Listing Count | 38 | -20.0% |
| Listings as % of Homes | 0.5% | -20.0% |
Days on Market | 59 | 12.0% |
Demographics — Clarence, NY
As of the latest ACS Survey released in 2023, Clarence, NY has a population of 9,740, which has decreased by -5.4% over the past 5 years. Clarence, NY is a moderately popular place for families, as children make up 17.1% of the population. The area has a highly educated workforce, with 50.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,740 | -5.4% |
% Under 18 | 17.1% | -21.2% |
% Seniors | 26.6% | 27.9% |
% WFH | 17.8% | 196.7% |
% w/ College Degree | 50.9% | 5.6% |
As of the latest ACS Survey released in 2023, Clarence, NY is a predominantly white area, with 88.0% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Clarence, NY is hispanic, making up 3.1% of the population. Foreign-born residents account for 6.5% of the population in Clarence, NY, and this percentage has increased by 58.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.0% | -6.1% |
% Black | 0.6% | -53.8% |
% Hispanic | 3.1% | 210.0% |
% Asian | 0.9% | -30.8% |
% Foreign Born | 6.5% | 58.5% |
Mortgage and Risk — Clarence, NY
According to HUD data as of 2023, there were 159 mortgage originations in Clarence, NY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Clarence, NY. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 159 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Clarence, NY
Clarence, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | -$500 | $1,600 | $1,100 |
| 3 Bedroom | -$1,160 | $2,500 | $1,340 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Clarence, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $494,000 |
| Median Household Income | $99,600 |