Clare, MI 48617 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Clare, MI—48617

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$210,000

4.5% YoY Growth

Household Income

$56,600

10.6% YoY Growth

Days on Market

15.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$762

7.7% YoY Growth

1-Bed Rent

$762

4.7% YoY Growth

2-Bed Rent

$855

N/A

3-Bed Rent

N/A

Home Price Trends — Clare, MI

Clare, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$210,000	4.5%
Single Family	$211,000	6.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Clare, MI

As of July '25, Rentcast reports the average rent in Clare, MI is $754, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Clare, MI is 1-bedrooms: $733, 2-bedrooms: $855. The most common rental property sizes in Clare, MI are 2-bedroom and 3-bedroom, accounting for 38.7% and 24.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$762	$754
Studio Rent	N/A	N/A
1 Bed Rent	$762	$733
2 Bed Rent	$855	$855
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

5.3%

1 Bedroom

18.6%

2 Bedrooms

38.7%

3 Bedrooms

24.0%

4 Bedrooms

9.6%

5+ Bedrooms

3.7%

Property Listings — Clare, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Clare, MI is 37. This is a increase of 11.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$225,000	8.0%
Listing Count	14	-25.0%
Listings as % of Homes	0.2%	-25.0%
Days on Market	58	-15.0%

Loading chart...

Demographics — Clare, MI

As of the latest ACS Survey released in 2023, Clare, MI has a population of 9,730, which has increased by 12.2% over the past 5 years. Clare, MI is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,730	12.2%
% Under 18	26.7%	5.1%
% Seniors	16.9%	-10.1%
% WFH	11.4%	119.2%
% w/ College Degree	15.3%	-29.5%

Loading chart...

As of the latest ACS Survey released in 2023, Clare, MI is a predominantly white area, with 95.1% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Clare, MI is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.4% of the population in Clare, MI, and this percentage has decreased by 81.8% 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	95.1%	0.6%
% Black	0.2%	-33.3%
% Hispanic	1.4%	-50.0%
% Asian	0.1%	-83.3%
% Foreign Born	0.4%	-81.8%

Loading chart...

Mortgage and Risk — Clare, MI

According to HUD data as of 2023, there were 169 mortgage originations in Clare, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Clare, MI. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	169
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	1.0%
% Second Loans	7.0%
% Cash Out Refinance	19.0%

Loading chart...

Rentals and Section 8 — Clare, MI

Clare, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	198
Total Units Section 8	198
% Rentals under Section 8	N/A
% Occupied Section 8	89.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$8	$762	$770
2 Bedroom	$125	$855	$980
3 Bedroom	N/A	N/A	$1,230
4 Bedroom	N/A	N/A	$1,570

Clare, MI—48617

Key Metrics at a Glance

Home Price Trends — Clare, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clare, MI

% of Rental Stock

Property Listings — Clare, MI

Demographics — Clare, MI

Race and Ethnicity

Mortgage and Risk — Clare, MI

Mortgages

Rentals and Section 8 — Clare, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Clare, MI

Home Price to Income Ratio

Clare, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Rosebush, MI

Farwell, MI

Coleman, MI

Mount Pleasant, MI

Mount Pleasant

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$210,000
Median Household Income	$56,600

Clare, MI—48617

Key Metrics at a Glance

Home Price Trends — Clare, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clare, MI

% of Rental Stock

Property Listings — Clare, MI

Demographics — Clare, MI

Race and Ethnicity

Mortgage and Risk — Clare, MI

Mortgages

Rentals and Section 8 — Clare, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Clare, MI

Home Price to Income Ratio

Clare, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Rosebush, MI

Farwell, MI

Coleman, MI

Mount Pleasant, MI

Mount Pleasant

Frequently Asked Questions

What is the average home price in Clare, MI 48617?

How have home prices in Clare, MI 48617 changed over the past year?

What is the home price projection for Clare, MI 48617?

What are the demographics of Clare, MI 48617?

How long does it take homes to sell in Clare, MI 48617?

What is the average rent price in Clare, MI 48617?