Clarkston, MI—48348
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 $496,000, with a year-over-year change of 5.0%. 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 | $496,000 | 5.0% |
| Single Family | $488,000 | 4.3% |
| Condos | $526,000 | 6.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | 4.7% |
3 Bed | $430,000 | 4.9% |
4 Bed | $569,000 | 5.2% |
| 5 Bed | $700,000 | 3.7% |
% of Housing Stock
Rental Trends — Clarkston, MI
As of July '25, Rentcast reports the average rent in Clarkston, MI is $1,910, with a year-over-year rent change of -47.5%. Per bedroom, the median rent as of July '25 in Clarkston, MI is 1-bedrooms: $1,400, 2-bedrooms: $1,680, 3-bedrooms: $1,600, 4-bedrooms: $3,450. The most common rental property sizes in Clarkston, MI are 2-bedroom and 1-bedroom, accounting for 36.9% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,590 | $1,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,400 |
| 2 Bed Rent | $1,360 | $1,680 |
| 3 Bed Rent | $1,590 | $1,600 |
| 4 Bed Rent | $3,300 | $3,450 |
% 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 37. This is a increase of 5.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $560,000 | -6.0% |
Listing Count | 70 | -21.0% |
| Listings as % of Homes | 0.5% | -21.0% |
Days on Market | 37 | 5.0% |
Demographics — Clarkston, MI
As of the latest ACS Survey released in 2023, Clarkston, MI has a population of 24,900, which has increased by 2.6% over the past 5 years. Clarkston, MI is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 50.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | 2.6% |
% Under 18 | 23.2% | -10.1% |
% Seniors | 16.8% | 24.4% |
% WFH | 20.5% | 210.6% |
% w/ College Degree | 50.4% | 0.0% |
As of the latest ACS Survey released in 2023, Clarkston, MI is a predominantly white area, with 86.9% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Clarkston, MI is hispanic, making up 5.0% of the population. Foreign-born residents account for 5.3% of the population in Clarkston, MI, and this percentage has increased by 39.5% 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 | 86.9% | -6.2% |
% Black | 2.2% | 46.7% |
% Hispanic | 5.0% | 85.2% |
% Asian | 1.9% | 5.6% |
% Foreign Born | 5.3% | 39.5% |
Mortgage and Risk — Clarkston, MI
According to HUD data as of 2023, there were 540 mortgage originations in Clarkston, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Clarkston, MI. Investor activity is low, as 0.0% 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 | 540 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% 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 1.4%. 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. 2-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 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,300 | $1,180 |
| 2 Bedroom | $130 | $1,360 | $1,490 |
| 3 Bedroom | $240 | $1,590 | $1,830 |
| 4 Bedroom | -$1,320 | $3,300 | $1,980 |
Affordability — Clarkston, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $496,000 |
| Median Household Income | $132,000 |