Clarklake, MI—49234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clarklake, MI
As of Oct '25, the median home price in Clarklake, MI is $317,000, with a year-over-year change of 2.6%. This indicates that home prices in Clarklake, MI are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $317,000 | 2.6% |
| Single Family | $317,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | 3.4% |
3 Bed | $328,000 | 5.1% |
4 Bed | $511,000 | 1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clarklake, MI
As of July '25, Rentcast reports the average rent in Clarklake, MI is $2,580, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Clarklake, MI is 1-bedrooms: $750, 4-bedrooms: $2,000. The most common rental property sizes in Clarklake, MI are 2-bedroom and 3-bedroom, accounting for 51.8% and 34.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Clarklake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarklake, MI is 65. This is a increase of 15.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | -40.0% |
Listing Count | 9 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 65 | 15.0% |
Demographics — Clarklake, MI
As of the latest ACS Survey released in 2023, Clarklake, MI has a population of 2,480, which has decreased by -13.0% over the past 5 years. Clarklake, MI is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,480 | -13.0% |
% Under 18 | 17.4% | 11.5% |
% Seniors | 27.2% | 19.3% |
% WFH | 10.5% | 64.1% |
% w/ College Degree | 35.0% | 7.0% |
As of the latest ACS Survey released in 2023, Clarklake, MI is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Clarklake, MI is black, making up 0.7% of the population. Foreign-born residents account for 0.4% of the population in Clarklake, MI, and this percentage has increased by 100.0% 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 | 92.6% | -3.5% |
% Black | 0.7% | 250.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | 100.0% |
Mortgage and Risk — Clarklake, MI
According to HUD data as of 2023, there were 157 mortgage originations in Clarklake, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Clarklake, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 157 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Clarklake, MI
Clarklake, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $750 | $1,050 |
| 2 Bedroom | N/A | N/A | $1,280 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | -$110 | $2,000 | $1,890 |
Affordability — Clarklake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $317,000 |
| Median Household Income | $113,000 |