Clare, MI—48617
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $205,000 | 3.4% |
| Single Family | $205,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $197,000 | 3.7% |
4 Bed | $252,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Clare, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Clare, MI is 51. This is a increase of 61.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $256,000 | -20.0% |
Listing Count | 19 | -12.0% |
| Listings as % of Homes | 0.2% | -12.0% |
Days on Market | 51 | 61.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Clare, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $205,000 |
| Median Household Income | $56,600 |