Clarkston, MI—48346
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Clarkston, MI
Home Price Trends — Clarkston, MI
As of Oct '25, the median home price in Clarkston, MI is $353,000, with a year-over-year change of 3.0%. This indicates that home prices in Clarkston, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $353,000 | 3.0% |
| Single Family | $352,000 | 2.9% |
| Condos | $356,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $300,000 | 4.2% |
3 Bed | $334,000 | 3.1% |
4 Bed | $439,000 | 3.1% |
| 5 Bed | $544,000 | 2.6% |
% of Housing Stock
Rental Trends — Clarkston, MI
As of July '25, Rentcast reports the average rent in Clarkston, MI is $2,020, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Clarkston, MI is 1-bedrooms: $1,140, 2-bedrooms: $2,150, 3-bedrooms: $1,940, 4-bedrooms: $2,950. The most common rental property sizes in Clarkston, MI are 2-bedroom and 1-bedroom, accounting for 52.6% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,060 | $1,140 |
| 2 Bed Rent | $2,200 | $2,150 |
| 3 Bed Rent | $1,800 | $1,940 |
| 4 Bed Rent | $3,250 | $2,950 |
% of Rental Stock
Property Listings — Clarkston, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarkston, MI is 33. This is a increase of 7.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $422,000 | -1.0% |
Listing Count | 83 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 33 | 7.0% |
Demographics — Clarkston, MI
As of the latest ACS Survey released in 2023, Clarkston, MI has a population of 23,000, which has decreased by -2.2% over the past 5 years. Clarkston, MI is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,000 | -2.2% |
% Under 18 | 20.5% | -6.0% |
% Seniors | 17.9% | 17.0% |
% WFH | 12.8% | 255.6% |
% w/ College Degree | 40.6% | 8.6% |
As of the latest ACS Survey released in 2023, Clarkston, MI is a predominantly white area, with 82.8% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Clarkston, MI is black, making up 6.2% of the population. Foreign-born residents account for 4.5% of the population in Clarkston, MI, and this percentage has decreased by 4.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.8% | -6.4% |
% Black | 6.2% | 106.7% |
% Hispanic | 4.8% | -5.9% |
% Asian | 1.0% | -41.2% |
% Foreign Born | 4.5% | -4.3% |
Mortgage and Risk — Clarkston, MI
According to HUD data as of 2023, there were 486 mortgage originations in Clarkston, MI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Clarkston, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 486 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Clarkston, MI
As of 2024, the percent of homes in Clarkston, MI under the Section 8 program is 4.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Clarkston, MI, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 115 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,060 | $1,270 |
| 2 Bedroom | -$600 | $2,200 | $1,600 |
| 3 Bedroom | $160 | $1,800 | $1,960 |
| 4 Bedroom | -$1,130 | $3,250 | $2,120 |
Affordability — Clarkston, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $353,000 |
| Median Household Income | $97,900 |